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Ownership and Management

January 10, 2014

Canadian fourth gen Rob Sobey has announced he is retiring as chief executive and president of Lawton's Drugs, an operating division of the eponymous family business, Sobeys Inc.

Canadian fourth gen Rob Sobey has announced he is retiring as chief executive and president of Lawton's Drugs, an operating division of the eponymous family business, Sobeys Inc.

Sobey, 47, who has worked in the family firm for 32 years, says his decision will allow him more time to focus on his philanthropy and outside business interests, which include his role on the board of private investment Seafort Capital, alongside his father, Donald.

January 9, 2014

Twenty-First Century Fox, controlled by the Murdoch family, has announced it plans to delist from the Australian Stock Exchange (ASX), only six months after it was first listed as a standalone company, to simplify its capital structure.

Twenty-First Century Fox, controlled by the Murdoch family, has announced it plans to delist from the Australian Stock Exchange (ASX), only six months after it was first listed as a standalone company, to simplify its capital structure.

According to chairman and chief executive Rupert Murdoch, the film and entertainment company no longer had sufficient operations in Australia to justify the listing.

January 9, 2014

Yannick Bollore, a seventh gen of the eponymous French holding company, has been appointed global chief executive of advertising and communications group Havas, which is majority owned by the multi-billion euro family empire.

Yannick Bollore, a seventh gen of the eponymous French holding company, has been appointed global chief executive of advertising and communications group Havas, which is majority owned by the multi-billion euro family empire.

In a statement released on Wednesday, Havas confirmed that existing non-family chief executive David Jones would be leaving the company to become CEO and co-founder of a new tech start-up that will launch next month.

January 7, 2014

Chinese recycling mogul Chen Guangbiao has stated via a Communist party-linked newspaper that he is in talks with other investors to buy US family business The New York Times Company.

Chinese recycling mogul Chen Guangbiao has stated via a Communist party-linked newspaper that he is in talks with other investors to buy US family business The New York Times Company.

In an editorial in national news outlet the Global Post, the Jiangsu Huangpu Recycling Resources Company chairman estimated the newspaper’s price tag was around $1 billion (€734 million), and while he said he had limited capital himself, he had convinced a Hong Kong entrepreneur to contribute $600 million to the deal.

January 3, 2014

Remy Cointreau third-gen Francois Heriard Dubreuil will temporarily return to his post as chief executive of the family business, after the existing non-family CEO announced he would quit.

Remy Cointreau third-gen Francois Heriard Dubreuil will temporarily return to his post as chief executive of the family business, after the existing non-family CEO announced he would quit.

In a statement released yesterday, the drinks giant confirmed Frederic Pflanz had handed in his resignation – just three months after he was appointed to the role – due to “personal reasons”.

January 2, 2014

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

The $3.65 billion (€2.67 billion) agreement ends a stand off between Fiat, which is owned by family-controlled holding company Exor, and a retiree healthcare trust over the value of the company.

Veba, associated with the United Auto Workers union, argued its 41.5% stake was worth $5 billion, while Fiat said it was worth half that amount.

December 27, 2013

Next-gens might feel that the older generation aren’t doing enough to help them develop a good relationship with the family firm. But they can take matters into their own hands. CampdenFB takes a look. 

Next-gens might feel that the older generation aren’t doing enough to help them develop a good relationship with the family firm. But they can take matters into their own hands. CampdenFB takes a look.

December 25, 2013

Its not easy to join the board of the family business as a woman, especially if you have never worked in the guts of the business, but don't let timidity undermine your role as a decision maker – Dr Shaheena Janjuha-Jivraj has some tips.

Women are increasingly being recruited onto family business boards. This is a good thing. An ever-increasing body of evidence shows that diversity is good for a business. But joining the board of a family business can be a mixed blessing. On the one hand you are at the epicentre of decision-making. On the other, as a woman you may find that you are struggling to assert yourself.

December 23, 2013

The Murdoch family’s News Corp has bought Storyful, a Dublin-based social media agency, for €18 million.

The Murdoch family’s News Corp has bought Storyful, a Dublin-based social media agency, for €18 million.

The start-up is a site created by journalists that collates the most relevant tweets, videos and posts from other social media from people in the middle of different events around the world.

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