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Ownership and Management

June 24, 2014

Century-old Japanese drinks maker Suntory Holdings, owned by the Saji family, will reportedly appoint its first non-family chief executive for four generations later this year.  

Century-old Japanese drinks maker Suntory Holdings, owned by the Saji family, will reportedly appoint its first non-family chief executive for four generations later this year. 

According to media reports, fourth-generation chief executive Nobutada Saji, 68, will step down in October to make way for Takeshi Niinami, the current chairman of convenience store operator Lawson.

Saji will remain chairman of the family business, which was founded in 1899 in Osaka, and in 2012 had revenues of €13 billion. 

June 23, 2014

The third-generation chief executive of Portugal’s largest listed bank, Banco Espirito Santo (BES), is set to stand down and be replaced by a non-family member.

The third-generation chief executive of Portugal’s largest listed bank, Banco Espirito Santo (BES), is set to stand down and be replaced by a non-family member. 

The 94-year-old bank’s announcement came shortly after a rights offering earlier this month that cost the Espirito Santo family their controlling stake in the Lisbon-based company.

The family had had a 54% stake, but this dropped to 46% after the €1 billion rights issue.

June 20, 2014

Multi-billion dollar family-controlled shopping mall chain Westfields has only just gained enough shareholder votes to split the group into two independent companies.

Multi-billion dollar family-controlled shopping mall chain Westfields has only just gained enough shareholder votes to split the group into two independent companies.

Westfield Group currently has 87 properties across Australia, New Zealand, the United States and the United Kingdom, but under the restructure the business’s Australasian assets will merge with the Westfield Retail Trust (WRT) to form the Scentre Group.

The split leaves Westfield Group, controlled by the Lowy family, to focus on its international business.

June 18, 2014

The winners of the European Families in Business Awards 2014, in association with Societe Generale Private Banking, have been announced. Take a look at the achievements of CampdenFB's shortlisted candidates.

UK retail family business Pentland Group has been awarded the top honour at the 2014 CampdenFB European Families in Business Awards in Barcelona.

June 17, 2014

One of Asia’s richest families has failed to take property company New World China Land private, with minority shareholders voting against the deal and exercising their power under privatisation laws of the Cayman Islands, where the company is domiciled.

One of Asia’s richest families has failed to take property company New World China Land private, with minority shareholders voting against the deal and exercising their power under privatisation laws of the Cayman Islands, where the company is domiciled.

New World Development, one of the leading large-scale developers in mainland China, offered HK$18.6 billion (€1.8 billion) to buy back the 31% of New World China Land that it did not already own.

June 2, 2014

São Paulo-based MCassab Group is the face of today’s prosperous, entrepreneurial Brazil. An 86-year-old Brazilian family-run conglomerate with interests spanning Lego distribution to fish farming, its revenues are expected to double to $1 billion by 2018. Peter Shaw-Smith meets its chief executive and patriarch Fábio Cutait

Two miles north-west of the famous Interlagos Formula One racing circuit stands a group of offices, laboratories and warehouses that is the centre for one of the most successful family-run, and yet relatively unknown, conglomerates in Latin America’s biggest economy – MCassab Group. 

 

May 27, 2014

Nassef Sawiris is considering relisting part of OCI, the Netherlands-listed construction and fertiliser company, on the Cairo stock exchange.

Nassef Sawiris is considering relisting part of OCI, the Netherlands-listed construction and fertiliser company, on the Cairo stock exchange.

Sawiris, who is chief executive of OCI, allegedly sent out a number of proposals to local and international banks to test the water for a potential sale, which according to unnamed individuals close to the entrepreneur, could be worth €220 million.

May 23, 2014

A top European business school has announced a new MBA programme aimed at improving the core skills of future family business leaders. 

A top European business school has announced a new MBA programme aimed at improving the core skills of future family business leaders.

The Edhec Business School in France will launch its first family business global executive MBA in February 2015, having seen an unfilled niche for such programmes on the continent.

May 23, 2014

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

Lorenzo Zambrano’s death from a heart attack in Madrid last Monday left directors with the task of replacing the man responsible for transforming Cemex’s regional operation into a global business.

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