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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: Groupe Artemis, News Corp, H&M Group

July 2, 2021

Pinault family’s Artemis and James Murdoch venture into Gen Z video platform Brut, Rupert Murdoch closes the book on $349 million Houghton Mifflin Harcourt deal, H&M profits rebound by $1.2 billion but stores cut.

Pinault family’s Artemis and James Murdoch venture into Gen Z video platform Brut

Francois-Henri Pinault and James Murdoch, the scions of family-owned traditional media groups, are investing millions into Brut, a new “socially conscious” digital news provider for Generation Z and millennials.

FB Roundup: Bestseller, Bertelsmann, Bayshore Global Management

February 6, 2021

Danish Povlsen family’s Bestseller in UK Asos Top Shop deal, German family-controlled Bertelsmann mulls sale of French media group M6, Google co-founder Sergey Brin joins billionaire rush for Singapore family offices.

Danish Povlsen family Bestseller in UK Asos Top Shop deal

Anders Holch Povlsen, the second-generation Danish online retail billionaire, is behind the £295 million ($403 million) acquisition for UK high street names Topshop, Topman and Miss Selfridge.

FB Roundup: Hyundai, Bacardi, Associated British Foods

January 15, 2021

Chung family driving Hyundai make $2 billion on Apple tie-up reports, Bacardi raises the bar on post-Covid ‘mindful drinking’ trend, Associated British Foods stares at $1.4 billion sales loss but rules out Primark e-commerce.

Chung family driving Hyundai make $2 billion on Apple tie-up reports

The Chung family in control of Hyundai became almost $2 billion better off when South Korean media reported the automaker was in early talks of a partnership with Apple, Inc.

Share prices in Hyundai Motor Co soared by up to 25% in Seoul last week, which boosted the family fortunes of Euisun Chung (picture), 50, chairman, and his father, Mong-Koo, 82. Together they hold about 8% of stock in the group, but maintain influence through complex governance arrangements.

FB Roundup: Melia, Otto Group, Clarks

November 8, 2020

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue, Otto Group ‘bounces back’ off e-commerce acceleration, Clark family rescue shoe business with LionRock Capital deal.

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue

Spain’s Escarrer family is determined to improve the competitiveness and efficiencies of its global hotel business after counting the cost of the “terrible” impact of the Covid-19 pandemic on the travel industry.