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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: Comcast, top chief executives, and McCain

November 17, 2017

Family-backed bidders court 21st Century Fox; ESG focus puts Inditex CE on top; and 60 years and billions of potatoes

Family-backed bidders court 21st Century Fox

A number of family and non-family backed media companies have been linked with the potential acquisition of parts of 21st Century Fox, as rumours swirl around the potential break-up of the Murdoch family’s media empire.

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.

Family Business Roundup: Takata, H&M, and Sky

January 29, 2016

Third-gen Takata CEO and chairman forced to deny he is stepping down; Swedish family business H&M sees drop in gross profit margins; and James Murdoch returns as UK Sky chairman

Third-gen Takata CEO and chairman forced to deny he is stepping down

The third-generation CEO and chairman of Japanese family business Takata has had to confirm via the company that he will not be stepping down from the helm of the company in the midst of a product recall scandal.

The airbag maker is currently responsible for the largest auto recall in history, totaling 18 million vehicles since 2013 and attributed to at least 10 deaths.

Media ownership comes under the spotlight ahead of UK general election

May 1, 2015

A pledge put forward in the Labour Party’s election manifesto has drawn ire from media baron Rupert Murdoch as it threatens to reduce his family’s control of British media.

A pledge put forward in the Labour Party’s election manifesto has drawn ire from media baron Rupert Murdoch as it threatens to reduce his family’s control of British media.

The ageing billionaire has reportedly told staff at his British newspapers that a Labour-led government may lead to the break up of their employer, and told journalists to give more positive coverage to the Conservative Party, which hasn’t published a media ownership policy.

Family business round up: 21st Century Fox, Saudi Binladin, Faribault Foods and Brady Corporation

August 7, 2014

Murdoch backs down on Time Warner, Bin Laden family buys Renaissance marble quarry, Faribault Foods sells just shy of centenary, Brady Corporation names new CEO

Murdoch backs down on Time Warner, Bin Laden family buys Renaissance marble quarry, Faribault Foods sells just shy of centenary, Brady Corporation names new CEO

21st Century Fox withdraws bid for Time Warner

Rupert Murdoch’s 21st Century Fox has withdrawn its €59 billion bid to acquire Time Warner after the American multinational refused to engage with the deal.

Family business roundup: 21st Century Fox, Fiat, Bestway

July 18, 2014

Murdoch merger rebuffed by Time Warner; Family-owned Fiat denies Volkswagen takeover bid and Bestway buy Co-op pharmacy in multi-million pound deal

Murdoch merger rebuffed by Time Warner

Rupert Murdoch’s 21st Century Fox has had an $80 billion (€59.1 billion) merger deal rejected by US rival Time Warner.

The Simpsons builds bridges between family businesses

January 16, 2014

They may be a dysfunctional family from middle America, but The Simpsons have brought together two family business behemoths, 21st Century Fox and Lego, who have launched a new toy brick set.

They may be a dysfunctional family from middle America, but The Simpsons have brought together two family business behemoths, 21st Century Fox and Lego, who have launched a new toy brick set.

The power battles of Australia's media dynasties

September 12, 2013

Charm, intimidation, decadence and bloody mindedness – the lives of Australia's great media moguls have the ingredients for a great drama, and have now been chronicled in a new television series.

Power Games: The Packer-Murdoch story traces the intertwined histories of the two families over the crucial period between 1960 and 1972 when a young Rupert Murdoch was beginning to make his presence felt to the Packer family – the then incumbent rulers of the media landscape.

Chief (non-) family officer

July 17, 2012

More and more family businesses are hiring outside chief executives. CampdenFB asks whether a family or non-family CEO is better.

Tempted to promote your son or daughter to the chief executive position? You shouldn’t, at least if you believe current research. Family-owned companies with a family member as chief executive are among the worst managed, says a 2012 international study. Another, by British academics at Leeds and Aberdeen Business Schools, found that a company’s operating performance increased after a family chief executive left. Yet another found the stock prices of listed family-controlled businesses reacted favourably to the appointment of a non-family chief.