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Top of the class: Best schools for next gens

June 2, 2017

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

The best way of making one’s children hold on to one’s fortune is to educate them well so that they can manage their responsibilities. David Turner looks at 10 highly regarded schools

Cathedral & John Connon School | India

FB Roundup: Faber-Castell, Tata, and H&M

April 8, 2016

Adult colouring book craze prompts growth at Faber-Castell; Tata patriarch defends sale of UK steelworks; and Mixed first quarter for high street giant H&M

Adult colouring book craze prompts growth at Faber-Castell

A surge in the number of people buying adult colouring books has caused double-digit growth at German writing instruments manufacturer Faber-Castell.

The eighth-generation family firm has been forced to run extra shifts in its factory to keep up with demand, Sandra Suppa from Faber-Castell told The Independent.

Adult colouring books have become a surprise success in bookshops and have sold some 16 million copies worldwide.

FB Roundup: Tata Steel, Lotte Group, and Monarch

April 1, 2016

Tata Steel considers selling British plants; Lotte founder loses seat on board; and Greybull Capital mulling sale of Monarch Airlines

Tata Steel considers selling British plants

Tata Steel, one of the largest steelmakers in the world, is considering the sale of its entire UK business after heavy losses.

According to a company statement from the family-controlled conglomerate, the increase in Chinese imports, coupled with slow demand, has caused the price of steel in Europe to plunge by half since 2011.

Family business roundup: Saras sells a stake, Joh A Benckiser buys, Tata gets a foothold in France

April 15, 2013

Joh A Benckiser buys into coffee maker DE Master Blenders; Tata Group buys into French IT sector and the family behind Saras sell a big share to the Russians.

Saras
Italian oil refinery Saras, controlled by the Moratti family, has agreed to sell a 13.7% stake in the business to Rosneft JV Projects – a subsidiary of Russian state-owned oil company Rosneft – for €178.5 million.

Family business roundup: Tata revenues hit $100 billion, sales up at Schwan-Stabilo, Remy Cointreau and Trumpf

October 22, 2012

A broad mix of family businesses have reported strong results, with Indian conglomerate Tata, drinks company Remy Cointreau, pen-maker Schwan-Stabilo and industrial firm Trumpf all seeing rises in sales.

In Asia, Tata, currently headed by family member and Indian business stalwart Ratan Tata, said its revenues for the year to March 2012 were $100.09 billion (€76.6 billion). The company saw a 20.1% rise in revenues to reach the $100 billion milestone for the first time.

Another day, another award for Tata

June 26, 2012

With a building at Harvard named after him, the Japanese awarding him an Order of the Rising Sun and the UK’s Queen making him a Knight Commander of the Order of the British Empire, you’d think there weren’t many other accolades Ratan Tata could collect.

Making and breaking relationships

May 4, 2012

You win some and you lose some, the adage goes. And this month saw a bit of both with two carmaking family businesses, Fiat and Tata, bringing to an end their six-year sales relationship, while Kuehne+Nagel, a Swiss logistics family company, extended its partnership with a subsidiary of LVMH.

Family to "succeed" in the Godrej clan

April 13, 2011

Adi Godrej, chairman of India's family-controlled Godrej Group, said that a family member will succeed him whenever he decides to step down, according to India's The Economic Times.

Adi Godrej, chairman of India's family-controlled Godrej Group, said that a family member will succeed him whenever he decides to step down, according to India's The Economic Times.

At a conference, third-generation Godrej revealed that he expected someone from the family to succeed him and said that it could also be a woman.

News analysis: India's Tata signals succession search

August 5, 2010

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata, speculation is rife over who will replace him.

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata (pictured), speculation is rife over who will replace him.

A statement from Tata Group said: "The committee is in the process of formulating criteria for identifying the most suitable candidate, taking into account the global nature and complexity of the Tata group's business at the present time."

Can the world’s automobile families avoid a car crash?

March 19, 2009

The reporting season is upon us, and the news emerging from the world’s family-owned car makers is grim. BMW recently reported a full-year loss of €718 million, PSA PeugeotCitroen announced a net loss of €343 million while Ford reported a loss of $14.6 billion.

The reporting season is upon us, and the news emerging from the world's family-owned car makers is grim writes Jane Simms. BMW recently reported a full-year loss before tax and interest of €718 million, much worse than the market had predicted. PSA PeugeotCitroen announced a net loss of €343 million and has been forced to accept a government bailout.

Ford reported a loss of $14.6 billion last year, the biggest in its 105-year history. Even Toyota is expected to announce its first net loss in six decades when it reports on its financial year ending 31st March.