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Sunday Times

FB Roundup: JCB, Lavazza, Weybourne Holdings

November 1, 2021

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal, Lavazza coffee family in $200 million expansion of cafes in China, Sir James Dyson’s family office boosted by $1.8 billion transfer.

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal

Lord Anthony Bamford, the British second-generation chairman of heavy machinery maker JCB, hails a multibillion-dollar green hydrogen deal with Australian family business Fortescue Future Industries as “a major advance” towards making the clean fuel practical for consumers.

FB Roundup: Nintendo, Dilmah, Bestseller

May 28, 2021

Nintendo heir’s philanthropic family office mission, Fernando family’s Dilmah succession plan in play, Bestseller billionaire Povlsen prioritises sustainability over rich list ranking.

Nintendo heir’s philanthropic family office mission

The heir of the founding family of Nintendo says his new $919 million family office will be involved in projects which help create a more exciting future for the world, as well as asset management.

FB Roundup: Ferrero, Lotte Group, and William Grant and Sons

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

Family businesses dominate list of Britain’s highest taxpayers

February 8, 2019

Britain’s wealthiest families paid $1.2 billion in tax in the last financial year at a time when the state revenue contributions of the world’s richest individuals and corporations are coming under increasing scrutiny.

Bloomberg to rank the rich

January 13, 2011

Media and data company Bloomberg is to launch a rich list that will pitch it against the well-established Forbes billionaire list.

In a statement, the New York-based company said it would hire Matthew Miller, former editor of Forbes' billionaire list, in February. Bloomberg plans to launch the rich list sometime in the next two years, but gave no exact date for the launch.

The planning role of the family council

April 1, 2003

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

Grant Gordon is Director General of the Institute for Family Business (UK).

The family council can provide a forum where families can discuss strategic issues and formulate policies that are well-matched to their goals as shareholders

In family business, planning for the future is one of the keys to securing long-term shareholder adhesion to the family project. The family council is arguably one of the principal tools at the disposal of families to help better plan their futures and exercise greater control over the outcomes.