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FB Roundup: Daily Mail and General Trust, Heineken, LVMH

December 18, 2021

Rothermere wins bid to take back Daily Mail, Heineken’s African push with $4.5 billion merger, LVMH takes Thelios inhouse in share buyout.

Rothermere wins bid to take back Daily Mail

The $1.1 billion publisher of Britain’s bestselling newspaper is back in Rothermere family hands after 90 years as a publicly listed company.

However, the slimmed down Daily Mail and General Trust (DMGT) faces a cost-cutting editorial management shake-up, amid ailing publishing sales and advertising.

FB Roundup: AP Moller Holding, Selfridges, The Giving Pledge

December 13, 2021

Maersk family expands into healthcare with Unilabs deal, Weston family sells Selfridges to Chirathivat family, Lonely billionaire Bill Gates shares The Giving Pledge with ex-wife Melinda.

Maersk family expands into healthcare with Unilabs deal

The family holding company best known for controlling the Danish shipping giant Maersk is making good on its plans to tackle global challenges head on by acquiring a Covid-19 test maker and diagnostics company.

FB Roundup: Inditex, Gucci, Williams Racing

December 6, 2021

Zara owner Inditex names Ortega heiress as chairwoman, Gucci heirs fire back at “hooligan” portrayal in House of Gucci, Formula One pioneer Sir Frank Williams’s legacy remembered.

Zara owner Inditex names Ortega heiress as chairwoman

Marta Ortega Perez, youngest daughter of billionaire Inditex founder Amancio Ortega, says she will build upon her parents’ legacy and balance innovation and heritage as she prepares to head the world’s largest apparel retailer.

FB Roundup: Prada, Bahlsen, Adani Group

November 29, 2021

Heir Lorenzo Bertelli vows to keep Prada in the family, ‘Self-understanding’ mission statement for Bahlsen push in US, Gautam Adani says climate change policies must be equitable and pragmatic.

Heir Lorenzo Bertelli vows to keep Prada in the family

Lorenzo Bertelli, heir apparent to Prada, promises to keep the Italian luxury fashion group under family control when he succeeds his father in three years’ time.

FB Roundup: Godrej Group, Crown Resorts, Exor

November 8, 2021

Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.

Godrej family set to divide $4.1 billion empire

Godrej Group, the $4.1 billion family-controlled empire that declares it positively impacts the lives of one-third of India’s population every day, looks set to be amicably split between two branches.

The fourth-generation families of patriarch Adi Godrej (pictured left), 79, and his younger brother Nadir Godrej (pictured below), 70, are working on dividing the 124-year-old diversified group with their cousins Jamshyd Godrej, 72, and Smitha Godrej Crishna, 71, insiders reported.

FB Roundup: Exor, Ford Motor Company, Daily Mail and General Trust

October 4, 2021

Agnelli family’s Exor unites Ferrari with former Apple designer Sir Jony Ive, Alexandra Ford English in driving seat of global Ford merchandising, Extra time for Rothermere bid to take Daily Mail trust private.

Agnelli family’s Exor unites Ferrari with former Apple designer Sir Jony Ive

John Elkann, the Agnelli family scion in control of Ferrari, anticipates “great things” from a new long-term collaboration with Sir Jony Ive, the design mastermind of Apple products.

FB Roundup: Scholastic Corporation, Hyatt Hotels Corporation, Virgin Galactic

August 20, 2021

Scholastic Corporation owner Richard Robinson Jr has cut family out of succession plan, Pritzker family’s Hyatt hotel chain doubles stake in luxury resorts, Richard Branson sells $300 million shares in Virgin Galactic.

Scholastic Corporation owner Richard Robinson Jr has cut family out of succession plan

The family behind the US publisher of Harry Potter and The Hunger Games is reportedly reviewing its legal options after its principal left the $1.2 billion business to his lover.

Marc Puig Guasch on family business growth, succession and the legacy of his father Mariano Puig Planas

August 2, 2021

Marc Puig Guasch, third-generation principal of the global $1.8 billion Spanish family-owned fashion and fragrance business Puig, hails his father as a “titan with a human touch” who led by listening and brought out the best in people.

The chief executive and president of Puig went on to tell CampdenFB why the family is determined to retain control and grow the enterprise but discourage its fourth generation from management.

FB Roundup: Exor, Ermenegildo Zegna, L Brands

July 23, 2021

Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.

Agnelli family’s Exor linked to Armani

The Agnelli family that made its fortune in the Italian auto industry is expanding its interests in luxury goods with apparent overtures to Armani, only months after acquiring a quarter-stake in Christian Louboutin.

Agnelli scion John Elkann (pictured left), 45, the billionaire chairman and chief executive of Exor, the family-controlled holding company, has been in talks with fashion designer Giorgio Armani, Reuters reported.

FB Roundup: Daily Mail and General Trust, Ali Group, L Catterton

July 19, 2021

Founding Rothermere family mulls bid to take Daily Mail group private again, Ali Group merges with Welbilt after founder Luciano Berti dies aged 89, Arnault family’s L Catterton tipped to acquire Etro family business.

Founding Rothermere family mulls bid to take Daily Mail group private again

The British aristocratic billionaire Rothermere family could privately own the bestselling Daily Mail newspaper it founded after almost 90 years if the influential newspaper’s owner sells its insurance and financial assets.