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Diary

May 7, 2012

Remember Walmart’s “Get on the shelf” contest? The US family-controlled retailer has now announced the three winners of the competition – all of whom will have the chance to see their products being sold on the company’s online stores. 

Remember Walmart’s “Get on the shelf” contest? The US family-controlled retailer has now announced the three winners of the competition – all of whom will have the chance to see their products being sold on the company’s online stores.

The “grand prize” went to Philadelphia-based HumanKind Water, a bottled water company that uses its net profits to provide clean water.

May 6, 2012

After more than 20 years at the helm of the Tata Group, Ratan Tata will not be chairman of the family business from December this year. But that’s not to say he wouldn’t have enough accolades to last him a lifetime – the latest being from the Japanese government.

After more than 20 years at the helm of the Tata Group, Ratan Tata will not be chairman of the family business from December this year. But that’s not to say he wouldn’t have enough accolades to last him a lifetime – the latest being from the Japanese government.

The 74-year-old will be given the Grand Cordon of the Order of the Rising Sun, thanks to his role in “strengthening and developing the economic relation between Japan and India”, a statement by the Japanese Embassy said.

May 2, 2012

What are you doing on 9 May? If the Gallo family has its way, you could be raising a glass of moscato to, well, moscato. 

What are you doing on 9 May? If the Gallo family has its way, you could be raising a glass of moscato to, well, moscato.

Fourth-generation Gallo Family Vineyards is calling on Americans to toast the grape, which has become increasingly popular in recent years. In fact, sales of moscato, also known as moscat, grew by over 70% last year in the US, faster than any other wine variety, according to figures from Symphony IRI.

April 29, 2012

For someone in the UK, nothing can beat being recognised by the country’s royal family. So it’s not hard to imagine the excitement for two family businesses in England and Scotland last week, when they received a top honour from Her Majesty the Queen. 

For someone in the UK, nothing can beat being recognised by the country’s royal family. So it’s not hard to imagine the excitement for two family businesses in England and Scotland last week, when they received a top honour from Her Majesty the Queen.

April 26, 2012

From Salvatore Ferragamo to Prada and Hermes, many family businesses in the luxury industry have had to deal with counterfeit products. But this week seemed to be the turn of a discount fashion retailer.  

From Salvatore Ferragamo to Prada and Hermes, many family businesses in the luxury industry have had to deal with counterfeit products. But this week seemed to be the turn of a discount fashion retailer.

Boasting two floors, a store in Dubai was found to be selling clothes and accessories identical to those sold by Primark, part of family-controlled Associated British Foods. The store even pretended to be part of the Weston family’s chain.

April 26, 2012

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London. 

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London.

Aidan Barclay, son of billionaire father Sir David Barclay, who has owned the Telegraph Media Group since 2004, turned up at the Leveson inquiry on 23 April. He was followed by fellow next-gen Evgeny Lebedev, the offspring of Russian tycoon Alexander Lebedev.

April 22, 2012

Fifty years ago, children wanting to play with Lego cars had only two options – either play with a finished car or make wheels out of standard bricks. But then, the toy-making family business wheeled out its new creation – the Lego wheel – which is celebrating its 50th birthday this month.

Fifty years ago, children wanting to play with Lego cars had only two options – either play with a finished car or make wheels out of standard bricks. But then, the toy-making family business wheeled out its new creation – the Lego wheel – which is celebrating its 50th birthday this month.

Lego Group, owned by the founding Kristiansen family and famous for its small and colourful bricks that can be assembled to form anything, today produces 381 million wheels every year.

April 21, 2012

CampdenFB and Ernst & Young held its second European family business roundtable in March, with the meeting this time in Frankfurt. And, as to be expected, top of the agenda was the German family business model and its success.

CampdenFB and Ernst & Young held its second European family business roundtable in March, with the meeting this time in Frankfurt. And, as to be expected, top of the agenda was the German family business model and its success.

Delegates came from a number of top German/Austrian family businesses, including the white goods manufacturer Miele, and the logistics groups Fiege and Gebrüder Weiss.

April 15, 2012

If you were going to make lasagne, you would typically think of buying a few sheets of fresh pasta, some good meat, mozzarella cheese and white sauce. But Bertazzoni, the Italian family business that is celebrating its 130th anniversary this year, would argue that you also need a high-quality oven.

If you were going to make lasagne, you would typically think of buying a few sheets of fresh pasta, some good meat, mozzarella cheese and white sauce. But Bertazzoni, the Italian family business that is celebrating its 130th anniversary this year, would argue that you also need a high-quality oven.

The company, still owned by the eponymous founding family, has been making ovens, cookpots and other kitchen appliances for five generations and sells its products in about 60 countries across the world.

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