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FB Roundup: Simon Arora, Elon Musk, Nandan Nilekani

April 26, 2022

In this week’s FB Roundup, B&M boss Simon Arora announces his retirement; Elon Musk reaches a deal to buy Twitter for $44 billion; and Nandan Nilekani builds a tech platform to take on Amazon in India.

B&M discount chain boss Simon Arora set to retire

Simon Arora, the billionaire co-owner of UK discount chain B&M has announced his retirement after acquiring the then-failing business from Phildrew Investments in 2004.

FB Roundup: Nick Candy, Sheikh Abdul Aziz Al Khalifa, Dr. Kiran Patel

March 17, 2022

In this week’s FB Roundup, property developer Nick Candy enlists a football legend for his Chelsea takeover bid; Sheikh Abdul Aziz Al Khalifa buys a stake in an ethical fintech startup; and Dr. Kiran Patel expands his investment into electric vehicles.

Nick Candy enlists football icon Gianluca Vialli in Chelsea takeover bid

British luxury property developer Nick Candy has further bolstered his bid to buy embattled Premier League football club Chelsea by hiring the team’s former player-manager Gianluca Vialli as an advisor.

Candy, who, along with his brother Christian, has overseen such notable projects as London’s One Hyde Park and NoHo Square and Beverly Hills’s 9900 Wilshire, brought Vialli’s Tifosy Capital & Advisory on board ahead of the deadline for bids.

Keeping it in the family: Why proactive succession is on the rise

October 21, 2021

For fans of the hit HBO TV show Succession, the process of proactively handing over a family run business to the next generation probably looks anything but straightforward.

For fans of the hit HBO TV show Succession, the process of proactively handing over a family run business to the next generation probably looks anything but straightforward.

Warring siblings, hidden secrets and ulterior motives make for great television, but an undoubtedly difficult situation for fictional media tycoon Logan Roy, played by Brian Cox, to deal with.

FB Roundup: Grupo Bal, JAB Holding, Crown Resorts

May 17, 2021

Mexican billionaire Alberto Bailleres transfers empire to son, Peter Harf succeeded by young deal-maker at Reimann family’s JAB Holding, James Packer’s Crown Resorts leans towards Star merger and away from Blackstone takeover.

Mexican billionaire Alberto Bailleres transfers empire to son

Alberto Bailleres, the fourth wealthiest person in Mexico, has made way for his son as the principal of his business conglomerate Grupo Bal after more than five decades.

Businessman Bailleres (pictured), 89, stepped down as president from the group and its diversified companies with immediate effect during a board meeting in late April. He and his family are worth $9.6 billion, according to Forbes.

FB Roundup: Crown Resorts, Marriott International, Grosvenor Estate

March 27, 2021

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid, Next-gen hotel heir David Marriott to succeed father Bill Marriott, Grosvenor Estate appoints new family office head in management revamp.

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid

Crown Resorts, Australia’s largest casino operator and majority owned by billionaire heir James Packer, is mulling an acquisition offer of $6.2 billion from US private equity giant Blackstone.

FB Roundup: Harvey Weinstein, Bacardi, and Pentland Group

October 20, 2017

Weinstein scandal could claim family business; Philanthropic Bacardi gives $3 million for disaster relief; Pentland Group awarded for excellence by EY

Weinstein scandal could claim family business

The sexual harassment scandal surrounding Hollywood producer Harvey Weinstein may engulf the film studio he co-founded despite resigning from the board.

FB Roundup: Walmart, Heineken, and Nordstrom

June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

Rising Hermes stock fuels takeover speculations

June 8, 2011

The stock of family-controlled luxury group Hermes has risen to a seven month high, causing speculation that rival family company LVMH is buying more Hermes shares.

Hermes stock rose to a high of €207.75 per share on 7 June – trading at 35 times its 2012 earnings, pushing up its market capitalisation to around €20 billion. This valued the group higher than some of France’s biggest companies including Michelin and Airbus.

Hermes family tightens grip on company

January 7, 2011

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

The decision, which was taken by the French stock market regulator the Autorite des Marches Financiers, gives the family better protection against the unwanted advances of fellow family-owned luxury group Moet Hennessy Louis Vuitton.

Regulators to consider Hermes family plan

January 5, 2011

French regulators will debate on 6 January whether the plan proposed by Hermes family shareholders that would prevent a hostile takeover of the company can be allowed under antitrust laws.

The family, who controls 73% of the Paris-based company, met in December to set up a holding company, which will control more than 50% of Hermes and have the first right to purchase any of the remaining family-owned shares as and when they are sold.