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January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

September 19, 2019

Alessi sells sizable share to finance growth, Sodexo scores high on sustainability for 15th year, Rockefeller moves into tech founder succession planning.

Alessi sells sizable share to finance growth

The Italian Alessi family behind some of the most recognisable designer homeware products in the world has sold a 40% share of its business for an undisclosed sum to a UK private equity firm.

The Alessi company was fully owned by the founding family, who were looking for a partner to help them grow the firm, Oakley Capital announced this week. Alessi family members Alberto, Alessio, Michele and Stefano kept 60% of the company and pledged to reinvest in the firm.

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