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FB Roundup: Heidi Horten, Dave Whelan, Jack Ma

May 4, 2023

In this week’s FB Roundup, Heidi Horten’s $150 million jewellery collection is put up for auction; Fitness First owner Dave Whelan plans a rent-cutting restructure; and Jack Ma takes up a professor position at a Tokyo university.

Heidi Horten’s $150 million jewellery collection put up for auction
Following her death in June 2022, the $150 million jewelry precious gems collection of Austrian billionaire and art collector Heidi Horten is being put up for auction by Christie's in what is being labelled by The New York Times as one of the largest jewellery auctions in history.

FB Roundup: AP Moller Holding, Selfridges, The Giving Pledge

December 13, 2021

Maersk family expands into healthcare with Unilabs deal, Weston family sells Selfridges to Chirathivat family, Lonely billionaire Bill Gates shares The Giving Pledge with ex-wife Melinda.

Maersk family expands into healthcare with Unilabs deal

The family holding company best known for controlling the Danish shipping giant Maersk is making good on its plans to tackle global challenges head on by acquiring a Covid-19 test maker and diagnostics company.

Rajan Navani of JetLine and JetSynthesys on family offices and venture capital

January 7, 2021

Rajan Navani, the entrepreneurial principal of the diversified Navani family-owned JetLine Group of Companies, says trust and clear communication are essential to build bridges between family offices and venture capitalists.

Navani spoke with CampdenFB before his chairmanship of the Indian Family Office Meeting, hosted virtually by Campden Family Connect, on 19-21 January.

FB Roundup: Associated British Foods, Red Bull, JCB

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

FB Roundup: King Power, Tetra Pak, and IFC investing guidelines

November 2, 2018

Tycoon’s sudden death brings succession into the spotlight, billionaire family behind Tetra Pak revealed as IFF shareholder, IFC releases draft impact investing guidelines.

Tycoon’s sudden death brings succession into the spotlight

The sudden death of self-made billionaire Vichai Srivaddhanaprabha has left a vacuum at the top of his family-run business empire and placed a spotlight on his heirs.

Vichai, founder and chairman of duty-free giant King Power International Group, died in a helicopter crash after watching his football team Leicester City play West Ham in the English Premier League on Saturday.

FB Roundup: Illy and JAB, Minor International, and Jollibee

October 11, 2018

Illy signs licensing agreement with JAB Holdings, Thailand’s Minor International buys up NH Hotels, and Filipino fast food chain Jollibee continues international expansion

Coffee competition heats up as Illy strikes deal with JAB
Award-winning Italian coffee company Illy has signed a licensing agreement with fellow family-controlled investor JAB Holdings to produce its illy-branded aluminium capsules.

Australia leads Asia-Pacific family office appetite for alternative investments

October 19, 2017

Asia-Pacific family offices continue to prefer a hands-on role in managing illiquid investments, allocating almost a third of their portfolios to direct investment in real estate and venture capital/private equity, led by Australia.

One of Thailand's most successful businesswomen dies

October 17, 2013

The second-generation head of an automotive company, and one of Thailand's most successful businesswomen, has died from heart failure at the age of 67.

Khunying Phornthip Narongdej started working in her father's company, Siam Motors, as a secretarial assistant at the age of 17, rising through the ranks to become president and chief executive.

Siam Motors was the main Thai distributor of many Japanese heavy machinery and automobile brands, including Nissan and Datsun, when Phornthip took the reins.

Thai family office mixes tradition and modern business

June 18, 2010

The man who runs the family office of one of Thailand’s leading families talks about strategic investment, secrecy and succession, writes Marc Smith.

The man who runs the family office of one of Thailand's leading families talks about strategic investment, secrecy and succession, writes Marc Smith.

Former Thai PM has assets seized over family business cover-up

March 1, 2010

Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

Thailand's former prime minister, Thaksin Shinawatra (pictured), had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.