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April 26, 2022

In this week’s FB Roundup, B&M boss Simon Arora announces his retirement; Elon Musk reaches a deal to buy Twitter for $44 billion; and Nandan Nilekani builds a tech platform to take on Amazon in India.

B&M discount chain boss Simon Arora set to retire

Simon Arora, the billionaire co-owner of UK discount chain B&M has announced his retirement after acquiring the then-failing business from Phildrew Investments in 2004.

November 8, 2021

Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.

Godrej family set to divide $4.1 billion empire

Godrej Group, the $4.1 billion family-controlled empire that declares it positively impacts the lives of one-third of India’s population every day, looks set to be amicably split between two branches.

The fourth-generation families of patriarch Adi Godrej (pictured left), 79, and his younger brother Nadir Godrej (pictured below), 70, are working on dividing the 124-year-old diversified group with their cousins Jamshyd Godrej, 72, and Smitha Godrej Crishna, 71, insiders reported.

November 29, 2019

Li Ka-shing rebuffs criticism and gives HK$1 billion to Hong Kong businesses, Gebruder Weiss and Henkel get trucking on gas, Impact Investing Institute launches to nurture $502 billion impact market.

Li Ka-shing rebuffs criticism and gives HK$1 billion to Hong Kong businesses

Hong Kong’s wealthiest tycoon says he is getting used to “the unfounded verbal and text punches” triggered by protests in the city as his charity offers relief funding to small businesses.

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