sheldon adelson

FB Roundup: Birkenstock, Tata Group, Las Vegas Sands

March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

FB Roundup: Ford, Walmart, Las Vegas Sands

February 20, 2021

William Clay Ford Jr, the family principal behind the motor giant’s electrification, Record revenue accelerates Walton family’s Walmart strategy, Sheldon Adelson heirs unlikely to gamble on his casino empire’s future.

William Clay Ford Jr, the family principal behind the motor giant’s electrification

The $1 billion electric vehicle transformation by the Ford Motor Company in Europe is a vindication for its fourth-generation executive chairman, William Clay Ford Jr, a lifelong environmentalist.

The $155.9 billion family-controlled automaker announced this week all of its passenger and commercial vehicle ranges in Europe will be zero-emissions capable—all-electric or plug-in hybrid—by 2026, moving to entirely electric by 2030.

Family business roundup: Adelson, Uniqlo, and Mahindra

December 18, 2015

Adelson family confirms ownership of Las Vegas newspaper; Uniqlo Operator Fast Retailing closes $2 billion bond market debut; and Indian family business Mahindra purchases Pininfarina

Adelson family confirms ownership of Las Vegas newspaper

Billionaire casino mogul Sheldon Adelson has been revealed as the new owner of The Las Vegas Review-Journal.

The 82-year-old purchased the newspaper for $140 million but has been met with widespread criticism for a lack of transparency after keeping the acquisition secret.