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FB Roundup: Sir Jim Ratcliffe, the Harris family, Rakesh Jhunjhunwala

August 22, 2022

In this week’s FB Roundup, Sir Jim Ratcliffe shows interest in buying Manchester United; the Harris family finalise a £300 million Butlins deal; and tributes are paid to veteran investor Rakesh Jhunjhunwala.

Sir Jim Ratcliffe interested in buying Manchester United football club
Lifelong Manchester United fan Sir Jim Ratcliffe is said to be interested in buying the Premier League team following reports that its current owners, the Glazer family, may be considering selling a minority stake in the club.

The British billionaire, who has a net worth of $7.18 billion, is the current chairman and chief executive of chemical company Ineos and owns cycling team Ineos Grenadiers, French Ligue 1 football team Nice and Swiss club FC Lausanne-Sport.

FB ROUNDUP: Lord Paul Myners, Adam Proctor, Wildcat Capital Management

January 20, 2022

The life of Lord Myners remembered in heartfelt tributes, Simon Nixon family office principal leaves to expand vertical farming business and Wildcat Capital Management further expands car wash holdings.

Tributes pour in for Lord Paul Myners, after ‘Tower of strength’ in financial crisis dies aged 73

Lord Paul Myners, a former UK treasury minister, City stalwart and director of multi-family business Rockefeller Capital Management, has died at the age of 73.

Lord Myners served under Labour prime minister Gordon Brown for two years until 2010. Appointed as the City minister in the treasury during the 2008 financial crisis following the collapse of Lehman Brothers, he assisted in the subsequent billion-pound bank bailout package.

FB Roundup: Red Bull, Sky, and BMW

April 13, 2017

Red bull heir indictment postposed once again; Sky takeover by Murdoch approved by European regulator; and BMW posts record-breaking March sales

Red Bull heir indictment postponed once again

Red Bull heir Vorayuth 'Boss' Yoovidhya, whose grandfather co-founded the energy drink company, has seen his hit-and-run indictment over a 2012 incident with a policeman postponed once again.

For the eighth time in the past year, Vorayuth Yoovidhya missed a scheduled appointment to be formally charged and taken to court by Thai prosecutors. His lawyers said he was “away for business” in England.

FB Roundup: JAB Holdings, Bertelsmann, and Antofagasta

April 7, 2017

JAB Holdings signs $7.5 billion acquisition of Panera Bread; Bertelsmann acquires stake in Indian ed-tech company Eruditus; and Antofagasta earnings leap on copper price recovery

JAB Holdings signs $7.5 billion acquisition of Panera Bread

JAB Holdings, the investment vehicle of Germany’s Reimann family, has signed a $7.5 billion deal to acquire bakery chain Panera Bread—the biggest restaurant deal in United States history.

FB Roundup: Dyson, Wegmans, and Al Masaood

March 31, 2017

Dyson profits up 41% on Asia surge; Wegmans Food Markets hands CEO role to next gen; and Al Masaood appoints new chairman

Dyson profits up 41% on Asia surge

Profits at British technology company Dyson have increased by 41% following increased sales of vacuum cleaners, air purifiers and hairdryers in Asia.

The Wiltshire-based family business tripled its revenue in china, Indonesia and the Philippines in 2016. The region accounted for more than half of Dyson’s sales and profit.

FB Roundup: Mars, Maersk, and Hancock Prospecting

March 24, 2017

Mars brings Maltesers to the US for the first time; Maersk Reaches North Sea tax deal with Denmark; and Australia’s Rinehart children granted permission to sue

Mars brings Maltesers to the US for the first time

Family-owned confectionery giant Mars is to start selling Maltesers in the United States, marking its first chocolate brand launch in the country in two decades.

Despite being the United Kingdom’s third-largest chocolate brand, Maltesers are not available in the US because of a dispute with Hershey over its name. The two confectionary giants settled out of court in 2015, giving Mars the go-ahead to bring its bite-sized treats to the US.

Piech share sale threatens family ownership at Volkswagen

March 21, 2017

Former Volkswagen chairman Ferdinand Piech is in talks to sell the majority of his shares in holding company Porsche SE in a move that could threaten its future as a family-run business.

Former Volkswagen chairman Ferdinand Piech is in talks to sell the majority of his shares in the holding company Porsche SE in a move that could threaten its future as a family-run business.

The news comes several weeks after Piech stirred controversy when he allegedly told Volkswagen’s internal investigators that he confronted former chief executive Martin Winterkorn over the emissions scandal in March 2015.

FB Roundup: Chow Tai Fook Enterprises, Volkswagen, and Nintendo

March 17, 2017

Chow Tai Fook Enterprises to pay $3 billion for Australia’s Alinta Energy; Volkswagen targets Bay Area in $2 billion electric-vehicle infrastructure deal; and Nintendo doubles production on Switch console

Chow Tai Fook Enterprises to pay $3 billion for Australia’s Alinta Energy

FB Roundup: Maersk, Cargill, and Henkel

March 10, 2017

Maersk and IBM to launch supply chain solution; Cargill and CARE renew partnership; and Henkel to acquire Mexican haircare business

Maersk and IBM to launch supply chain solution

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has announced a partnership with IBM to implement blockchain technology across its global supply chain.

The new technology will be made available to the logistics industry and aims to manage and track the paper trail of millions of shipping containers—an innovation that could save the industry billions.

FB Roundup: Heineken, Berkshire Hathaway, and Henkel

February 24, 2017

Heineken Asia gamble pays off as Tiger Beer flourishes; Berkshire Hathaway dumps $900 million Walmart stock; and Henkel reports strong fourth quarter

Heineken Asia gamble pays off as Tiger Beer flourishes

Netherlands-based brewer Heineken, controlled by the eponymous family, has reported its fastest earnings growth in seven years.

The 153-year-old family business said growth was driven by a 13% increase in revenue in Asia where larger sales have grown at a double-digit rate for two years.

Heineken gambled on the Asian market in 2012 when it purchased Asia Pacific Breweries, the producer of Tiger Beer, which has grown at a double-digit pace since 2015.