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Bertelsmann

FB Roundup: Melia Hotels International, Lego Group, Bertelsmann

June 28, 2021

Melia Hotels International announces bullish recovery plan, Lego builds on $400 million sustainability effort with recycled bricks, Christoph Mohn succeeds mother as new ‘speaker of the family’ at Bertelsmann.

Melia Hotels International announces bullish recovery plan

The Escarrer family principal of Melia Hotels International has declared flexible expansion, digitalisation and sustainability as the key drivers behind the Spanish hotel chain’s recovery from 15 months of Covid-19 restrictions.

FB Roundup: Bestseller, Bertelsmann, Bayshore Global Management

February 6, 2021

Danish Povlsen family’s Bestseller in UK Asos Top Shop deal, German family-controlled Bertelsmann mulls sale of French media group M6, Google co-founder Sergey Brin joins billionaire rush for Singapore family offices.

Danish Povlsen family Bestseller in UK Asos Top Shop deal

Anders Holch Povlsen, the second-generation Danish online retail billionaire, is behind the £295 million ($403 million) acquisition for UK high street names Topshop, Topman and Miss Selfridge.

FB Roundup: Bertelsmann, Bombardier, Walmart

December 12, 2020

Bertelsmann books Simon & Schuster for $2.175 billion, Bombardier private jet sales soar in the coronavirus age, Walmart offers to give Covid-19 vaccinations.

Bertelsmann books Simon & Schuster for $2.175 billion

German media family business Bertelsmann has acquired publishing house Simon & Schuster for $2.175 billion from the US Redstone-family-owned media company ViacomCBS.

Bertelsmann, the international media, services and education company, said it was further expanding its global content businesses in the US, its second-largest market, with the deal for the publisher of Hillary Clinton, John Irving, Stephen King and Bob Woodward.

Mohn family to 'stick with Bertelsmann' as chief outlines plans for future

September 14, 2012

German media conglomerate Bertelsmann “is growing too slowly”, said its chief executive on 13 September as he announced plans to reshape the family business.

Non-family Thomas Rabe said, following a two-day meeting with 500 of the group’s executives, the company had decided to focus on four strategies including strengthening the core businesses, developing its digital side and increasing market share in emerging markets.

Bertelsmann shake-up will give "maximum flexibility"

August 22, 2012

A change in Bertelsmann’s legal structure will give the family business “maximum flexibility” to bring in outside investors, while allowing the Mohn family to retain control of the German media conglomerate, a company spokeswoman told CampdenFB.

Bertelsmann eyes public money but family control to remain strong

March 29, 2012

German media conglomerate Bertelsmann, controlled by the Mohn family, will consider either listing on the stock exchange or bringing in private equity investment in a bid to access finance for growth.

That’s according to a spokeswoman for the family business, who told CampdenFB that a decision hasn’t been made on “how or when” Bertelsmann will bring in outside investors.

Bertelsmann aims to boost business decisions with new committee

December 6, 2011

Bertelsmann, the German media company controlled by the Mohn family, has established a group management committee in a bid to strengthen its business decisions.

This is the first act of designated chairman and chief executive Thomas Rabe, the group’s current financial officer who will take on his new roles on 1 January 2012.

Bertelsmann appoints Thomas Rabe as chairman and chief executive

October 11, 2011

Bertelsmann, the German media conglomerate owned by the Mohn family, has appointed its chief financial officer, Thomas Rabe, as the group’s new chairman and chief executive.

The 46-year-old will replace Hartmut Ostrowski, who resigned for personal reasons and will move to the supervisory board, the company said in a statement.

Rabe joined the company in 2000, when he became finance chief of RTL Group, the European broadcasting giant owned by Bertelsmann. In 2006, he moved to the same position at Bertelsmann.