Vimeo
LinkedIn
Instagram
Share |

Ownership and Management

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.

December 23, 2013

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.  

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.

Swatch, controlled by the Hayek family, filed a claim with the Netherlands Arbitration Institute in 2011 over the termination of a contract between the two companies.

The following year Tiffany, a publicly traded company, filed a counter claim.

December 20, 2013

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

The bank – a federal agency designed to support private enterprises – authorised a $694.4 million (€451 million) loan to the mine in western Australia on the condition Roy Hill buys its equipment from US firms.

December 18, 2013

Family-controlled French department store group Galeries Lafayette is reportedly considering a purchase of British counterpart House of Fraser, in an effort to expand its operations across the Channel.

Family-controlled French department store group Galeries Lafayette is reportedly considering a purchase of British counterpart House of Fraser, in an effort to expand its operations across the Channel.

The 164-year-old House of Fraser had been mulling an IPO in 2014, as previous attempts over the past two years at a trade sale have failed.

But according to Reuters, two industry sources have confirmed the department store groups are currently in talks, meaning the planned public
listing wouldn’t go ahead.

December 13, 2013

The Duchossois Group, owned by the eponymous US-based family, has this week revealed it has sold it audiovisual company, Milestone AV Technologies, to a group owned by the Pritzker family.

The Duchossois Group, owned by the eponymous US-based family, has this week revealed it has sold it audiovisual company, Milestone AV Technologies, to a group owned by the Pritzker family.

Milestone was sold for an undisclosed sum, and the Duchossois Group will keep a significant interest in the business, with representatives on the board of directors.

December 6, 2013

The controlling shareholder of one of the largest real estate companies in Hong Kong, Sun Hung Kai Properties, has handed a significant chunk of shares to two of her three sons, even though they are awaiting trial for bribery of an official.

The controlling shareholder of one of the largest real estate companies in Hong Kong, Sun Hung Kai Properties, has handed a significant chunk of shares to two of her three sons, even though they are awaiting trial for bribery of an official.

November 28, 2013

The Graham family, former owners of The Washington Post, have announced they are selling the newspaper's headquarters to another big family business.

The Graham family, former owners of The Washington Post, have announced they are selling the newspaper's headquarters to another big family business.

Graham Holdings, the family's holding company, formerly named the Washington Post Co, has agreed a deal worth $159 million (€117 million) with third-generation real estate development family business Carr Properties.

The Washington Post was sold to Amazon cofounder Jeff Bezos in August, and the newspaper will continue to rent office space in the building until it finds a new location.

November 28, 2013

Hong Kong-based real estate developer Wheelock & Co has appointed third-gen Douglas Woo, 35, to succeed his father, Peter Woo, 67, as chairman of the board.

Hong Kong-based real estate developer Wheelock & Co has appointed third-gen Douglas Woo, 35, to succeed his father, Peter Woo, 67, as chairman of the board.

Woo, who graduated in architecture from Princeton University, has only been a director on the board since July, when he was also appointed managing director of the company.

Wheelock & Co was founded in 1857, but has only been under the existing family’s ownership since 1985, when Woo’s maternal grandfather Yue-Kong Pao acquired it.

Click here >>
Close