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sales and acquisitions

Classic cars in top gear with passion investors

February 23, 2018

Passion investors ride a bumpy road in the classic car market, but with the highest standards of restoration, proof of origin and exclusivity, returns are there to be made, say market specialists.

Passion investors ride a bumpy road in the classic car market, but with the highest standards of restoration, proof of origin and exclusivity, returns are there to be made, say market specialists.

Almost 40,000 exhibitors, buyers, restorers and enthusiasts attended the London Classic Car Show, the capital’s premier classic car collection, at Excel London on 15-18 February. Some 700 of the world’s finest classic cars were on display, with a combined estimated value of more than £300 million ($419 million).

Aspall cider sells to Molson Coors after eight generations

January 12, 2018

Aspall cider has been slurped up by an American beer company for an undisclosed sum, but the 290-year-old brewer's founding family will remain involved as the company aims to extend its international drinking base.

The new owner of Suffolk-based Aspall is Molson Coors, a US brewing giant says it will develop it into “the number one premium cyder in the UK”, a press release said. The cost of the acquisition has not been disclosed.

FB Roundup: Virgin Atlantic, Akka Technologies, and Raymond Sackler

August 3, 2017

Richard Branson sells majority stake in Virgin Atlantic, 'Dividend darling' Akka's revenue up 21%, and Pharmaceutical entrepreneur Raymond Sackler dies

Richard Branson sells majority stake in Virgin Atlantic

Richard Branson is to loosen his grip on Virgin Atlantic, selling 31% of the company to Air France-KLM for $291 million(£220 million).

The billionaire, whose flamboyance is synonymous with the Virgin brand, would retain a 20% interest, with US carrier Delta controlling the remaining 49%.

JAB Holding Co in $1.2 billion sale of Jimmy Choo and $7 billion purchase of Panera

July 27, 2017

JAB Holding Company, the investment vehicle of Germany’s billionaire Reimann family, has stepped away from luxury shoe brand Jimmy Choo and bitten into bakery-café chain Panera.

JAB Holding Company, the investment vehicle of Germany’s billionaire Reimann family, has stepped away from luxury shoe brand Jimmy Choo and bitten into bakery-café chain Panera.

JAB continued its shift from the moribund luxury market to coffee and food with its call in April for buyers interested in acquiring its 68% stake in Jimmy Choo.

Family business round-up: Heineken, Tata Steel and Fidelity Investments

June 10, 2016

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

The deal to begin next year will include track branding and title sponsorship of the Italian Grand Prix, held in early September.

Family business roundup: Saras sells a stake, Joh A Benckiser buys, Tata gets a foothold in France

April 15, 2013

Joh A Benckiser buys into coffee maker DE Master Blenders; Tata Group buys into French IT sector and the family behind Saras sell a big share to the Russians.

Saras
Italian oil refinery Saras, controlled by the Moratti family, has agreed to sell a 13.7% stake in the business to Rosneft JV Projects – a subsidiary of Russian state-owned oil company Rosneft – for €178.5 million.