Share |

gucci

FB Roundup: Francoise Bettencourt Meyers, Klaus-Michael Kuehne, Masatoshi Ito

March 13, 2023

In this week’s FB Roundup, L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD; Klaus-Michael Kuehne is to receive $4.5 billion dividends from his transport empire; and tributes are paid to 7-Eleven billionaire Masatoshi Ito.

L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD
The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as managing director of her investment company, Tethys Invest, according to Bloomberg.

FB Roundup: Andrew Forrest, Tom Ford, Masayoshi Son

November 21, 2022

In this week’s FB Roundup, Andrew Forrest launches a $25 billion Ukraine reconstruction fund; Tom Ford becomes a billionaire after selling his fashion brand to Estée Lauder; and Masayoshi Son faces a $4.7 billion SoftBank bill.

Billionaire Andrew Forrest launches $25 billion Ukraine reconstruction fund
Andrew Forrest, the Australian mining billionaire best known as the former chief executive officer of Fortescue Metals Group (FMG), has committed $740 million of his own fortune to the Ukraine Green Growth Initiative.

FB Roundup: Inditex, Gucci, Williams Racing

December 6, 2021

Zara owner Inditex names Ortega heiress as chairwoman, Gucci heirs fire back at “hooligan” portrayal in House of Gucci, Formula One pioneer Sir Frank Williams’s legacy remembered.

Zara owner Inditex names Ortega heiress as chairwoman

Marta Ortega Perez, youngest daughter of billionaire Inditex founder Amancio Ortega, says she will build upon her parents’ legacy and balance innovation and heritage as she prepares to head the world’s largest apparel retailer.

FB Roundup: Dyson, Juventus, Kering

April 26, 2021

Sir James Dyson defends ventilators texts to PM Boris Johnson, Juventus chairman Andrea Agnelli “remains convinced” by European Super League, Chinese and US shoppers boost luxury sector recovery for Kering, Hermes and LVMH.

Sir James Dyson defends ventilators texts to PM Boris Johnson

Sir James Dyson says he neither sought nor received any benefit from Boris Johnson when he was asked by the UK’s prime minister to build £20 million ($27.7 million) worth of ventilators early in the national Covid-19 emergency.

FB Roundup: Marriott International, Henkel, Kering

December 19, 2020

Marriott International scores its ESG performance, Henkel opens its ideas factory, Kering rebounds with e-commerce and growth in North America and China.

Marriott International scores its ESG performance

Family-controlled Marriott International, Inc, the largest lodging company in the world, says it has achieved its goal of spending $500 million with women-owned businesses one year ahead of schedule and spent nearly a billion dollars with diverse- and women-owned businesses.

The goal was among the highlights in its 2020 Serve 360 Report released this month on its diversity, volunteerism and other environmental, social and governance activities.

Blockchain reaction: What the technology really means for family business

April 10, 2020

A decade-old, blockchain technology is facing an inflection point. A few years ago it was easy to find people who were evangelically enthusiastic about it. A 2015 World Economic Forum survey of more than 800 executives and experts from the information and communications technology sector found the majority believed that by 2027, 10% of global GDP would be stored on blockchain technology.

Facebook’s Libra launch shows blockchain has entered the mainstream. Jeremy Hazlehurst looks at what the technology really means for family businesses

FB Roundup special: Family businesses versus the coronavirus

March 15, 2020

Global family businesses are stepping up to the challenge of the deadly coronavirus pandemic by safeguarding staff, adapting production lines and pledging millions of dollars to the medical relief effort.

Lord Bamford (pictured), the second-generation chairman of JCB, said his $5 billion manufacturing family business had been approached by UK Prime Minister Boris Johnson to see if it can help with the production of ventilators. The machines help the breathing of patients whose lungs have been damaged by COVID-19.

FB Roundup: Kering, Koch and Soros, and Tipping Point Fund

December 12, 2019

Pinault family’s Kering explores a Moncler takeover, Charles Koch and George Soros unite against the US war industry, and Blue Haven, Rockefeller and Ford foundations help launch an impact fund.

Pinault family’s Kering explores Moncler takeover

The rivalry between the Pinault and Arnault luxury family businesses appears to be intensifying with Kering in talks to acquire Moncler only weeks after LVMH bought Tiffany and Co for $16 billion.

PPR shows its “Kering” nature with new name

March 22, 2013

French fashion group PPR has changed its name to Kering, the latest move in its “profound transformation” into a group focused exclusively on the luxury, sport and lifestyle sectors.

Second-gen chief executive Francois-Henri Pinault said in a statement: "The change of identity is logical and necessary culmination of the transformation. Beyond a simple change of activity, the new name reflects the new nature of the group."

Family business roundup: Poultry producer to sell, chocolate-maker goes under and more sales and acquisitions

July 16, 2012

From poultry producers and confectioners to luxury goods groups and media conglomerates, family businesses around the world have seen a week of sales, consolidations and acquisitions.

The family behind poultry producer Inghams Enterprises said on 16 July that it will sell the business, bringing to an end the Inghams' 94-year involvement with the company.