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Mumbai

January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

November 30, 2022

In this week’s FB Roundup, Gautam Adani wins a bid to develop a Mumbai slum; the Ilitch family expand their pizza chain to the UK; and Amancio Ortega expresses interest in buying Manchester United.

Gautam Adani wins bid to develop Mumbai slum
Just days after finalising the takeover of news broadcaster New Delhi Television Ltd (a deal he considers a “Responsibility rather than a business opportunity”), Indian billionaire Gautam Adani has further added to his responsible investment portfolio after winning the right to redevelop India’s largest slum.

August 22, 2022

In this week’s FB Roundup, Sir Jim Ratcliffe shows interest in buying Manchester United; the Harris family finalise a £300 million Butlins deal; and tributes are paid to veteran investor Rakesh Jhunjhunwala.

Sir Jim Ratcliffe interested in buying Manchester United football club
Lifelong Manchester United fan Sir Jim Ratcliffe is said to be interested in buying the Premier League team following reports that its current owners, the Glazer family, may be considering selling a minority stake in the club.

The British billionaire, who has a net worth of $7.18 billion, is the current chairman and chief executive of chemical company Ineos and owns cycling team Ineos Grenadiers, French Ligue 1 football team Nice and Swiss club FC Lausanne-Sport.

July 5, 2022

In this week’s FB Roundup, tributes are paid to Indian billionaire Pallonji Mistry; the family owned OCU Group sells to Triton Partners in a £400 million deal; and Brazilian billionaire Alberto Safra aims to offload his stake in his family empire.

Tributes paid to Indian billionaire Pallonji Mistry
Prime Minister Narendra Modi has led tributes to construction tycoon Pallonji Mistry following his passing at the age of 93.

“[I am] saddened by the passing of Shri Pallonji Mistry,” Modi said on Twitter. “He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers.”

June 7, 2022

In this week’s FB Roundup, Walmart heir Rob Walton aims to buy the Denver Broncos for a record price tag; Mike Ashley’s Fraser Group rescues UK fashion retailer Missguided; and Gautam Adani’s family office buys a Swiss building firm’s Indian interests.

Walmart heir Rob Walton aiming to buy Denver Broncos for record price tag
Rob Walton, the billionaire heir to the Walmart retail chain fortune, is targeting the purchase of the Denver Broncos American football team for a record-setting $4.5 billion.

According to Forbes, the winning bid hasn't yet been finalised, but it's expected to be announced later this month. If it does go ahead, the deal will be the biggest-ever acquisition of an NFL team.

December 20, 2021

The Dhawan family of India is taking their company SSF Plastics to the next level in family business evolution through initiatives in professionalisation, diversification, sustainability and engaging the next generation.

The Dhawan family of India is taking their company SSF Plastics to the next level in family business evolution through initiatives in professionalisation, diversification, sustainability and engaging the next generation.

Saurabh Dhawan (pictured), the second generation family member leading business development, says the Mumbai-headquartered, self-described one-stop solution provider for all rigid plastic packaging needs has also been venturing into multiple startups, with next-gens at the helm.

November 9, 2021

Agreeing on and abiding by a family constitution serves as the backbone for success for the leading Indian integrated logistics service provider V-Trans, owned and operated by the second-generation Shah family.

Agreeing on and abiding by a family constitution serves as the backbone for success for the leading Indian integrated logistics service provider V-Trans, owned and operated by the second-generation Shah family.

Mahendra Shah (pictured), group managing director and chief executive of V-Trans India Ltd, paid tribute to his late father and uncle as “the true entrepreneurs” who laid the foundation of the group based on ethics and values in 1958.

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.

June 24, 2021

The most common stereotype about the next-gen members of a family business is that they are arrogant and overconfident and expect everything to come easily to them. But the reality is that these Gen Y and Z members become overwhelmed with self-doubt over joining the family business.

The most common stereotype about the next-gen members of a family business is that they are arrogant and overconfident and expect everything to come easily to them. But the reality is that these Gen Y and Z members become overwhelmed with self-doubt over joining the family business.

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