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FB Roundup: Rob Walton, Mike Ashley, Gautam Adani

June 7, 2022

In this week’s FB Roundup, Walmart heir Rob Walton aims to buy the Denver Broncos for a record price tag; Mike Ashley’s Fraser Group rescues UK fashion retailer Missguided; and Gautam Adani’s family office buys a Swiss building firm’s Indian interests.

Walmart heir Rob Walton aiming to buy Denver Broncos for record price tag
Rob Walton, the billionaire heir to the Walmart retail chain fortune, is targeting the purchase of the Denver Broncos American football team for a record-setting $4.5 billion.

According to Forbes, the winning bid hasn't yet been finalised, but it's expected to be announced later this month. If it does go ahead, the deal will be the biggest-ever acquisition of an NFL team.

FB ROUNDUP: Magnus Rausing, Trudy Busch Valentine, Akshata Murty

May 31, 2022

In this week’s FB Roundup, Tetra Pak heir Magnus Rausing finances a Hollywood production company; Trudy Busch Valentine discusses her US senate candidacy; and Akshata Murty develops a host of big-ticket investments.

Tetra Pak heir Magnus Rausing finances Hollywood production company
Magnus Rausing, the great-grandson of Tetra Pak packaging technology pioneer Ruben Andersson and heir to the multi-billion Tetra Laval fortune, has revealed his investment in Dark Dreams Entertainment, the production company owned by Magic Mike and I Am Number Four actor Alex Pettyfer.

Breakout session with Abhinav Ram Reddy

February 28, 2022

The next-gen managing director of office park developer GAR Corporation talks to Campden FB about adapting and evolving while sticking to what you know.

Abhinav Ram Reddy, the managing director of Hyderabad-based office park developer GAR Corporation, knows all too well the havoc the unexpected can wreak. Having weathered the COVID-19 pandemic, Reddy is now looking forward to shepherding his family-run business into a bright future.

FB Roundup: US Treasury disclosure plans, Nintendo family office expands interests, Walmart heir invests in healthier oceans

February 10, 2022

American family offices oppose a disclosure plan by the US Treasury Department, Nintendo founders’ family office bolster their mission to invest in Japanese business with a new acquisition, and Walmart heir’s global impact platform further pledges to clean up the seas.

American family offices oppose disclosure plan by US Treasury Department

Ultra-wealthy families are claiming they will be “Uniquely susceptible” to theft, fraud and kidnapping if a proposal by the US Treasury Department requiring American companies to disclose identities of their beneficial shareholders goes ahead.

Next-gen Saurabh Dhawan on evolving the SSF Plastics family business

December 20, 2021

The Dhawan family of India is taking their company SSF Plastics to the next level in family business evolution through initiatives in professionalisation, diversification, sustainability and engaging the next generation.

Saurabh Dhawan (pictured), the second generation family member leading business development, says the Mumbai-headquartered, self-described one-stop solution provider for all rigid plastic packaging needs has also been venturing into multiple startups, with next-gens at the helm.

FB Roundup: AP Moller Holding, Selfridges, The Giving Pledge

December 13, 2021

Maersk family expands into healthcare with Unilabs deal, Weston family sells Selfridges to Chirathivat family, Lonely billionaire Bill Gates shares The Giving Pledge with ex-wife Melinda.

Maersk family expands into healthcare with Unilabs deal

The family holding company best known for controlling the Danish shipping giant Maersk is making good on its plans to tackle global challenges head on by acquiring a Covid-19 test maker and diagnostics company.

FB Roundup: Prada, Bahlsen, Adani Group

November 29, 2021

Heir Lorenzo Bertelli vows to keep Prada in the family, ‘Self-understanding’ mission statement for Bahlsen push in US, Gautam Adani says climate change policies must be equitable and pragmatic.

Heir Lorenzo Bertelli vows to keep Prada in the family

Lorenzo Bertelli, heir apparent to Prada, promises to keep the Italian luxury fashion group under family control when he succeeds his father in three years’ time.

FB Roundup: JCB, Lavazza, Weybourne Holdings

November 1, 2021

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal, Lavazza coffee family in $200 million expansion of cafes in China, Sir James Dyson’s family office boosted by $1.8 billion transfer.

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal

Lord Anthony Bamford, the British second-generation chairman of heavy machinery maker JCB, hails a multibillion-dollar green hydrogen deal with Australian family business Fortescue Future Industries as “a major advance” towards making the clean fuel practical for consumers.

FB Roundup: Builders Vision, Chick-fil-A, Ferrero Group

October 18, 2021

Walmart heir Lukas Walton makes impact investments in food and environment sustainability, Chick-fil-A heiress joins Cathy family’s billionaire ranks, Family-owned Ferrero sweetens investments in US and UK.

Walmart heir Lukas Walton makes impact investments in food and environment sustainability

Lukas Walton, a next generation member of the Walmart dynasty, has launched a new impact investing platform inspired by the all-natural diet he says helped him recover from cancer as a child.

FB Roundup: Pentland Group, Fox Corp, Pernod Ricard

September 20, 2021

Rubin family’s Pentland shifts from Brexit Britain to Ireland, Lachlan Murdoch stamps $7 billion influence as deal-making successor, Pernod Ricard acquires premium brands and buybacks shares.

Rubin family’s Pentland shifts from Brexit Britain to Ireland

Pentland Group, the British Rubin family-controlled owner of sports brands Speedo and Lacoste and majority owner of high street retailer JD Sports, has moved offshore because of Brexit.

However, the $9 billion group said its daily trade will stay in the UK and be taxed under UK jurisdiction.