Share |

lotte

FB Roundup: Ferrero, Lotte Group, and William Grant and Sons

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

FB Roundup: Ford, Lotte, and trade tariffs

July 26, 2018

Ford creates new self-drive company, Lotte still sweet for jailed director, and family dynasties uneasy over Trump trade

Ford creates new self-drive company

Ford is to morph its self-driving vehicles arm into its own company, Ford Autonomous Vehicles LLC, investing $4 billion into the venture over the next five years.

It follows a similar move by General Motors, which launched “GM Cruise” late last year. Sherif Marakby, Ford’s vice president autonomous vehicles and electrification, will be chief executive of the new LLC, which is structured to allow third party investors.

FB Roundup: Lotte, Kraft Heinz, and Sir Pat Goodman

September 15, 2017

Lotte to sell stores over Chinese missile defence sanctions; youngest-ever chief financial officer steps up at Kraft Heinz; and NZ philanthropist and businessman dies.

Lotte to sell stores over Chinese missile defence sanctions

South Korean chaebol Lotte is to start selling its Chinese supermarkets, after Beijing hit it with unofficial sanctions related to the nuclear arms tensions on the Korean peninsula.

View from the Peak - When trust fails: wealth succession and planning in Asia

July 4, 2017

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America. Sharon Lim reports

FB Roundup: New York Times, Lotte Group, and Vivendi

October 21, 2016

A.G. Sulzberger appointed deputy publisher of New York Times, A.G. Sulzberger appointed deputy publisher of New York Times, and Vivendi lawsuit dialled up to 11

A.G. Sulzberger appointed deputy publisher of New York Times

Fifth-generation Arthur Gregg “A.G.” Sulzberger has been appointed deputy publisher of the New York Times, setting him up to one day succeed his father, Arthur Sulzberger Jr.

The 36-year-old next-generation executive takes on the role amid a difficult time for the publication: readers and advertisers are slowly shifting to online, while publishers are shifting their resources within the newsroom.

FB Roundup: Lotte, Dassault, and News Corp

July 8, 2016

Lotte founder’s daughter arrested; Serge Dassault on trial for tax fraud; and Gretchen Carlson files sexual harassment suit against Fox News

Lotte founder’s daughter arrested

Shin Young-ja, the chairwoman of the Lotte Scholarship Foundation, has been arrested over allegations she received bribes as prosecutors step up an investigation into the country’s fifth-largest business chaebol.

The 74-year-old daughter of Lotte founder Shin Kyuk-ho is accused of accepting bribes from the former chief of cosmetics brand Nature Republic in exchange for store space in Lotte’s duty-free outlets.

FB Roundup: Lotte, Henkel, and VW

July 1, 2016

Lotte second-gen summoned to prosecutors’ office; Henkel buys Sun Products for €3.2 billion; and Volkswagen to pay $14.7 billion settlement

Lotte second-gen summoned to prosecutors’ office

Shin Young-ja, the chairwoman of the Lotte Scholarship Foundation, appeared at the Seoul Central Prosecutors’ Office today over allegations that she received bribes.

The 74-year-old is accused of accepting bribes from the former chief of cosmetics brand Nature Republic in exchange for store space in Lotte’s duty-free outlets.

FB Roundup: Heineken, Lotte, and Berkshire Hathaway

May 20, 2016

Heineken set to announce $146m F1 sponsorship deal; Lotte founder refuses mental competence evaluation; and Berkshire Hathaway buys stake in Apple

Heineken set to announce $146m F1 sponsorship deal

Dutch family brewer Heineken, owned by the eponymous family, is rumoured to have agreed to a new $146 million sponsorship deal with Formula One following a sensational win by Dutch racer Max Verstappen last week.

At the Spanish Grand Prix in Barcelona, 18-year-old Verstappen became the youngest winner in F1 history at the Spanish Grand Prix and has been tipped as a future world champion, sparking the interest of the Dutch brewer.

FB Roundup: Tata Steel, Lotte Group, and Monarch

April 1, 2016

Tata Steel considers selling British plants; Lotte founder loses seat on board; and Greybull Capital mulling sale of Monarch Airlines

Tata Steel considers selling British plants

Tata Steel, one of the largest steelmakers in the world, is considering the sale of its entire UK business after heavy losses.

According to a company statement from the family-controlled conglomerate, the increase in Chinese imports, coupled with slow demand, has caused the price of steel in Europe to plunge by half since 2011.

Family business round up: Schaeffler, Lotte, Lundin

October 9, 2015

Schaeffler finally lists on stock exchange following delays due to VW scandal; Lotte family feud goes to court; Lundin tries to woo investors on merger.

Schaeffler debuts on stock market following delays

Family-owned car parts company Schaeffler saw its shares rise 8% on its market debut on Friday.

The German family business delayed the IPO one week due to the emissions scandal at Volkswagen, which accounts for more than 10% of group sales.

The company had also scaled back the size of the IPO, raising €938 million in the listing where it had initially planned to raise €2.5 billion.