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January 10, 2008

Maus Frères SA has, through its subsidiary Procastor, increased its ownership in Swedish clothing company Gant.

Family-owned Swiss retail group Maus Frères has, through its subsidiary Procastor, increased its ownership in Swedish clothing company Gant (pictured). The group has acquired 480,000 additional shares, representing 2.9% of the stock for €33 per share. In total, Maus Frères now owns 29.9% of the shares and votes in Gant.

January 10, 2008

Tata Motors, part of the family-owned Tata Group, has unveiled the world’s cheapest car.

Tata Motors, part of the family-owned Tata Group, has unveiled the world's cheapest car. Priced at a reported $2,500, the Tata Nano – also known as the "People's Car" – aims to bring the comfort and safety of a car within the reach of thousands of families in India.

Ratan Tata (pictured), chairman of the Group, said at the unveiling ceremony that he had watched too many families getting by with just two wheels. "It led me to wonder whether one could conceive of a safe, affordable, all-weather form of transport for such a family," he said.

January 9, 2008

Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

The trial centres around former VW manager Klaus-Joachim Gebauer and ex-labour leader Klaus Volkert. Volkert is charged with demanding illegal bonuses while Gebauer is accused of breach of trust for reportedly organising these payments.

January 8, 2008

News Corporation has acquired a 14.58% stake in Premiere AG, the German pay-TV operator, for €287 million in cash.

News Corporation has acquired a 14.58% stake in Premiere AG, the German pay-TV operator, for €287 million in cash. This comes only one month after James Murdoch became chief executive of News Corporation Europe and Asia. With over 10 million viewers and more than four million subscribers, Premiere AG is the leading pay-TV operator in Germany and Austria.

January 7, 2008

Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10.

Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10. It was also designated the best developer in Hong Kong and Asia for the third year running in the magazine poll.

January 4, 2008

Family-owned Landmark Communications, the US-based media conglomerate, has confirmed it is putting itself up for sale.

Family-owned Landmark Communications, the US-based media conglomerate, has confirmed it is putting itself up for sale following reports that two investment banks had been called in to assist in exploring strategic alternatives, including the possible sale of the company's businesses.

January 3, 2008

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

Ford bought Jaguar in 1989 after BL Ltd floated it on the London Stock Exchange, and Land Rover was sold by BMW in 2000.

In a statement, Lewis Booth, Ford executive vice-president, said that the company "is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.

January 3, 2008

GenSpring family offices, the US-based wealth management firm for ultra high net worth families, has acquired Inlign Wealth Management for an undisclosed sum.

GenSpring family offices, the US-based wealth management firm for ultra high net worth families, has acquired Inlign Wealth Management for an undisclosed sum.

Inlign is the leading wealth management firm in southwest US with more than $2 billion in assets under advisement. The combined firm will assume the GenSpring Family Offices name, serving over 600 families with nearly $15 billion in assets under advisement.

January 2, 2008

Guler Sabanci (pictured), chairman of Sabanci Holding, has issued an upbeat New Year's address to employees of the family-owned group by claiming revenues will grow by a massive 21% and operating profit will increase by 28%.

Guler Sabanci (pictured), chairman of Sabanci Holding, has issued an upbeat New Year's address to employees of the family-owned group by claiming revenues will grow by a massive 21% and operating profit will increase by 28%.

The Turkey-based group, which owns 70 companies and is predicting revenues to reach $16 billion this year, has invested approximately $900 million in its main lines of business.

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