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April 19, 2021

Walton, Adani and Ambani families vie for Indian e-consumers, James Packer’s Crown casino courted by second US private equity firm, ‘Visionary’ retail magnate W Galen Weston dies aged 80.

Walton, Adani and Ambani families vie for Indian e-consumers

The Walton family-controlled e-commerce platform Flipkart and Gautam Adani, principal of India’s second wealthiest family, are taking on the Ambani family’s Reliance Industries and Amazon by building a huge new fulfilment centre in Mumbai.

March 27, 2021

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid, Next-gen hotel heir David Marriott to succeed father Bill Marriott, Grosvenor Estate appoints new family office head in management revamp.

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid

Crown Resorts, Australia’s largest casino operator and majority owned by billionaire heir James Packer, is mulling an acquisition offer of $6.2 billion from US private equity giant Blackstone.

June 6, 2019

Bollinger family buys into UK wine merchant, Springer family and KKR consider bid to take Axel Springer private, and James Packer sells half his stake in Crown to Hong Kong's Melco.

Bollinger family buys into UK wine merchant

One of France’s most established winemaking families has bought a minority stake in a UK-based fine wine merchant backed by City tycoon Michael Spencer.

Société Jacques Bollinger (SJB), the family-owned holding company behind Bollinger and Ayala Champagnes, is understood to have acquired a minority stake of up to 10% in BI Wines and Spirits.

June 17, 2016

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Former chairman James Packer, son of the late media mogul Kerry Packer, remains the majority controller of Crown Resorts with a 53% stake.

August 14, 2015

James Packer steps down as chairman of Crown Resorts; Chey Tae Won receives pardon from president; and Cargill to expand agriculture business in Mexico

James Packer steps down as chairman of Crown Resorts

Australian billionaire James Packer has stepped down as chairman of Crown Resorts amid an earnings slump at the casino group.

According to a statement, the 47-year-old will instead take on the role of senior executive director and plans to focus on the group’s global expansion.

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