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Aldi

October 3, 2020

Walton family’s Walmart sells Asda to British billionaire brothers, Persson family’s H&M closes 250 stores and ramps up online investment, Lotte Group prepares for the hands-free “untact” future today.

Walton family’s Walmart sells Asda to British billionaire brothers

Walmart, the world’s largest family business, has sold most of its ownership of the Asda supermarket chain in the UK after 21 years to a fledgling British family business owned by the billionaire Issa brothers for £6.8 billion ($8.7 billion).

FB Roundup: Bacardi, Dick Smith, and South East Asian impact investing

August 2, 2018

Bacardi to eliminate one billion straws, Aldi banishes Australian icon, and South East Asian impact market picks up

Bacardi to eliminate one billion straws

Bacardi, the world’s largest privately held spirits group, is aiming to eliminate one billion plastic straws by 2020.

US family ambitions for UK icons Sainsbury's and Wembley Stadium

May 4, 2018

United States based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

United States-based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

Retail giant Walmart, owned by the Walton family, announced on Monday its “combination” of its UK subsidiary Asda with rival chain Sainsbury’s to create the country’s largest grocer by market share.

As pretty as a picture? Smart investments in the art world

September 27, 2016

With concerns over fraud and ownership, the art world offers myriad pitfalls for the unwary, causing experts to advise bringing in specialists to help ensure that investments do not turn sour.

With concerns over fraud and ownership, the art world offers myriad pitfalls for the unwary, causing experts to advise bringing in specialists to help ensure that investments do not turn sour. Daniel Bardsley reports

When the painting Judith Beheading Holofernes was presented in public for the first time earlier this year, some hailed it as a lost masterpiece.

Infographic: German family businesses

June 23, 2016

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

FB Roundup: Banque Havilland, Hotel Lotte, and Aldi

May 27, 2016

Banque Havilland expands into Switzerland; Hotel Lotte to launch $4.8 billion IPO next month; Family feud spills into public eye at Aldi

Banque Havilland expands into Switzerland

Luxembourg-based Banque Havilland, established in 2009 by the Rowland family, has expanded its ultra-high net worth client base in Europe with the acquisition of Switzerland's Banque Pasche SA.

According to a press release, Banque Pasche SA will be renamed Banque Havilland (Suisse) SA.

Family Business Roundup: Aldi, Chow Tai Fook Enterprises, and Ting Hsin International Group

November 14, 2014

Asian billionaire becomes majority shareholder in forestry group Greenheart; Aldi to double amount of UK stores; and Taiwanese family business chair faces jail time

Asian billionaire becomes majority shareholder in forestry group Greenheart

Hong Kong conglomerate Chow Tai Fook Enterprises, controlled by billionaire Cheng Yu-tung, has become a majority shareholder in forestry company Greenheart Group, purchasing 496 million shares for $44.65 million.

The Chinese logger has been considering investment since July, after former controlling shareholder Emerald plantation announced it was looking for a buyer.

Aldi co-founder, Karl Albrecht, dies aged 94

July 22, 2014

The reclusive co-founder of the Aldi discount supermarket chain, Karl Albrecht, has died in his hometown of Essen, Germany, aged 94.

The reclusive co-founder of the Aldi discount supermarket chain, Karl Albrecht, has died in his hometown of Essen, Germany, aged 94.

Albrect passed away almost a week ago but the company only confirmed his death yesterday, after his funeral took place.

Long-term European fortunes mostly family controlled

April 3, 2014

European family businesses have been some of the most successful enterprises at preserving family fortunes over the past 25 years, new research suggests.

European family businesses have been some of the most successful enterprises at preserving family fortunes over the past 25 years, new research suggests.

The Societe Generale Private Banking sponsored Forbes Insight study looked at the ‘survival rates’ of individual fortunes, defined as wealth of $1 billion and above, by counting the wealthy who appeared on both Forbes’ first billionaires list in 1989 and those that remain there today.

Secretive supermarket billionaire dies

July 29, 2010

Theo Albrecht, the highly secretive co-founder of discount retailer Aldi, died on Saturday at 88.

Aldi Nord, the company he headed for half a century, said in a statement that he had died in his hometown of Essen, Germany, but did not give the cause of death.