Philanthropy remains at the heart of many family businesses around the world. This year’s European Family Office Report finds that slightly more than half of European family offices want to give back.
In this week’s FB roundup, George Soros closes office in Hong Kong, Propsoch raises funding supported by the Godrej family, and Home Depot’s Bernie Marcus dies.
In this week’s FB roundup, the family office of Paul Allen invests in Picnic, the Tanoto family is linked to deforestation in Borneo, and Bernard Arnault makes a bet on AI.
In this week’s FB roundup, the Enthoven family looks to take over "The Observer" newspaper, Bernard Arnault plans to buy Paris FC, and David Thomson deepens bets on AI.
In this week’s FB Roundup, Ding Shizhong leads a buyout of luxury linen maker Frette; Mike Cannon-Brookes progresses with his clean energy exportation plan; and Johann Rupert blames rising inflation for a hit on the luxury products market.
In this week’s FB Roundup, tributes are paid to former Harrods owner Mohamed Al Fayed; Francois-Henri Pinault is set to buy a $7 billion majority stake in talent agency CAA; and the Kellner family gains full ownership of investment firm PPF Group.
In this week’s FB Roundup, Rodolphe Saadé expands his media empire with a new Sunday newspaper launch; Heineken sells its Russian business at a loss of £256 million; and Amancio Ortega adds to his US property portfolio with a $232 million Chicago apartment building.
In this week’s FB Roundup, Michael Kors’ Capri Holdings is sold in an $8.5 billion deal; tributes are paid to energy drink billionaire Carl DeSantis; and the Albrecht family are to expand Aldi into the US market with 400 new stores.
