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Sweden

September 27, 2021

Adani doubles green investment pledge of rival Reliance, Maersk makes waves with series of e-commerce deals; the 40-year vindication of Bill Ford, the auto environmentalist.

Adani doubles green investment pledge of rival Reliance

Gautam Adani, India’s second wealthiest tycoon and leader of his infrastructure and energy empire Adani Group, has announced a $20 billion investment in renewable energy only weeks after rival Mukesh Ambani, India’s richest person, committed to producing the green energy hydrogen.

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.

January 29, 2021

Family distanced in revamped Ferragamo board amid slumping revenues, Rupert Murdoch ‘far from done’ at News Corp and warns of woke censorship, Crisis strategy helps H&M recover from lockdowns.

Family distanced in revamped Ferragamo board amid slumping revenues

The Ferragamo family is expected to streamline the management board of its luxury goods brand as it attempts to rally from the coronavirus impact on its global revenues.

December 23, 2019

Reimann family’s JAB Holding blends coffee brands, Lauder family fortunes rise as empire grows, Wallenberg family’s Electrolux makes white goods go green.

Reimann family’s JAB Holding blends coffee brands

JAB Holding, family office of Germany’s billionaire Reimann family, is merging two of its coffee brands with a view to a major listing in 2020 as competition with Nestle heats up.

March 26, 2019

The Swedish family controlled appliance giant Electrolux is setting the benchmark on sustainability with its launch of green bonds this week and ambitious renewable targets on track for 2020.

The Swedish family controlled appliance giant Electrolux is setting the benchmark on sustainability with its launch of green bonds this week and ambitious renewable targets on track for 2020.

The world’s fifth largest consumer goods manufacturer issued the first bond loan within its green bond framework, raising SEK 1 billion ($108.4 million) to fund investments and other projects with environmental benefits.

August 24, 2018

Grosvenor’s Wheatsheaf invests in Australian AgTech firm, Maersk makes pioneering Arctic voyage, and three family-backed investors take stake in Swedish food app Karma. 

Grosvenor’s Wheatsheaf takes £8m stake in AgTech firm

Britain’s wealthiest land-owning family has completed an £8 million ($10.3 million) transaction for a minority stake in AgriWebb, the Australian market leader in livestock farm management software.

March 21, 2014

The octogenarian founder of Swedish furniture giant Ikea, Ingvar Kamprad, has moved back to the home country, where he founded the family business, after four decades abroad.

The octogenarian founder of Swedish furniture giant Ikea, Ingvar Kamprad, has moved back to the home country, where he founded the family business, after four decades abroad.

Kamprad, 87, quit Sweden in 1973 in protest against the country's high taxes, initially moving to Denmark before settling in Switzerland in 1976.

He first announced his plans in the summer of 2013, but heart and back problems delayed the move according to the Kamprad family's spokesman.

June 5, 2013

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain.

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain. The chairman of the board, Per Ludvigsson, has also stepped down, aged 70, to be replaced by Kamprad’s son Mathias.

In a statement issued by Ikea, the changes in the board are described as a generational shift that has been prepared for over several years.

Kamprad, who turned 87 in March, said in a statement his retirement from the board did not mean he would stop working.

September 20, 2011

One can’t help but be fascinated by IKEA. Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

One can’t help but be fascinated by IKEA.

Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

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