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January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

December 13, 2022

In this week’s FB Roundup, Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE; Hong Kong tycoon Jimmy Lai is jailed on a fraud charge; and Japanese billionaire Yusaku Maezawa picks his crew for SpaceX's flight to the moon.

Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE
Antoine Arnault, the eldest son of French billioaire Bernard Arnault, has been officially anointed as the chief executive officer of Christian Dior SE, the family owned holding company which operates luxury goods giant LVMH.

Antoine steps up as both CEO and vice-chairman, replacing Sidney Toledano, the former president of LVMH’s Fashion Group and chief of the Christian Dior Couture brand.

October 17, 2022

In this week’s FB Roundup, Mukesh Ambani sets up a new family office in Singapore;Sir Jim Ratcliffe is blocked from buying Manchester United by the current club owners; and Pierre Castel is hit with a multi-million dollar tax bill.

Mukesh Ambani to set up family office in Singapore
Asia’s second wealthiest man, Mukesh Ambani, is looking to further expand his reach by opening a new family office in Singapore.

The Reliance Industries chairman, whose current net worth is $83.7 billion (according to the Bloomberg Billionaires Index), is reported to have chosen real estate and brought on board a manager tasked with employing new staff to get the office up and running.

October 9, 2020

James Dyson says entrepreneurialism and wealth creation will help Covid-19 economic recovery, Ferrero family takes the biscuit at Fox’s as acquisition spree continues, Henkel charts modest fourth quarter recovery without lockdowns.

James Dyson says entrepreneurialism and wealth creation will help Covid-19 economic recovery

Family business founder Sir James Dyson says entrepreneurialism and wealth creation should be encouraged to recover the economy from Covid-19 as he announced his Dyson Institute will be permitted to award its own degrees for the first time.

November 17, 2017

Family-backed bidders court 21st Century Fox; ESG focus puts Inditex CE on top; and 60 years and billions of potatoes

Family-backed bidders court 21st Century Fox

A number of family and non-family backed media companies have been linked with the potential acquisition of parts of 21st Century Fox, as rumours swirl around the potential break-up of the Murdoch family’s media empire.

December 23, 2016

Two Maersk ships sink en route to Turkish scrapyard; Nintendo stock falls despite hit game Super Mario Run; News Corp banned from Melbourne Pride after ‘homophobic’ cartoon

Two Maersk ships sink en route to Turkish scrapyard

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has confirmed that two of its offshore supply vessels sunk off the coast of France while being towed to a Turkish shipyard for recycling.

The Maersk Supply Service vessels, Maersk Searcher and Maersk Shipper, were unmanned. All employees aboard the towing vessel Maersk Battler are safe.

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