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March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

February 13, 2021

Arnault family’s L Catterton in rumoured Birkenstock takeover bid, Mining magnate Gina Rinehart backs lithium venture, Rocketing e-commerce powers L’Oreal recovery.

Arnault family’s L Catterton in rumoured Birkenstock takeover bid

Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.

February 6, 2021

Danish Povlsen family’s Bestseller in UK Asos Top Shop deal, German family-controlled Bertelsmann mulls sale of French media group M6, Google co-founder Sergey Brin joins billionaire rush for Singapore family offices.

Danish Povlsen family Bestseller in UK Asos Top Shop deal

Anders Holch Povlsen, the second-generation Danish online retail billionaire, is behind the £295 million ($403 million) acquisition for UK high street names Topshop, Topman and Miss Selfridge.

January 29, 2021

Family distanced in revamped Ferragamo board amid slumping revenues, Rupert Murdoch ‘far from done’ at News Corp and warns of woke censorship, Crisis strategy helps H&M recover from lockdowns.

Family distanced in revamped Ferragamo board amid slumping revenues

The Ferragamo family is expected to streamline the management board of its luxury goods brand as it attempts to rally from the coronavirus impact on its global revenues.

January 8, 2021

Arnault heir joins power trio in charge of Tiffany and Co, Founder Leonardo Del Vecchio steps back in EssilorLuxottica power transfer, Rockefeller Foundation divests $5 billion in fossil fuels.

Arnault heir joins power trio in charge of Tiffany and Co

Alexandre Arnault is being widely regarded as the heir apparent of his father’s French luxury goods empire LVMH with his appointment to the new executive leadership of Tiffany and Co.

Arnault (pictured), 28, is the second eldest son of Bernard Arnault (pictured below), 71, the billionaire chairman and chief executive of LVMH. The next-gen led luggage manufacturer RIMOWA since January 2017, after initiating and leading its acquisition by LVMH.

December 21, 2020

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

December 2, 2020

How do attitudes towards the rich differ in the United Kingdom, France, Germany and the United States? The wealthy and ultra-wealthy are increasingly the targets of criticism and, as often in history, they become scapegoats for negative social developments, says renowned German author and journalist Rainer Zitelmann.

How do attitudes towards the rich differ in the United Kingdom, France, Germany and the United States? The wealthy and ultra-wealthy are increasingly the targets of criticism and, as often in history, they become scapegoats for negative social developments, says renowned German author and journalist Rainer Zitelmann.

November 27, 2020

Billionaire Ray Dalio to set up family office in Singapore, Gregg Lemkau quits Goldman Sachs to advise Michael Dell's investments, next-generation chairman Koo Kwang-mo shakes up LG Corporation.

Billionaire Ray Dalio to set up family office in Singapore

Ray Dalio, founder of the world’s largest hedge fund, is the latest billionaire to open a family office in Singapore.

Dalio, 71, the US investor who founded Bridgewater Associates in his New York apartment in 1975, felt it was “high time” to build on his links to Singapore and Asia-Pacific, his spokesman said.

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