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Israel

February 20, 2021

William Clay Ford Jr, the family principal behind the motor giant’s electrification, Record revenue accelerates Walton family’s Walmart strategy, Sheldon Adelson heirs unlikely to gamble on his casino empire’s future.

William Clay Ford Jr, the family principal behind the motor giant’s electrification

The $1 billion electric vehicle transformation by the Ford Motor Company in Europe is a vindication for its fourth-generation executive chairman, William Clay Ford Jr, a lifelong environmentalist.

The $155.9 billion family-controlled automaker announced this week all of its passenger and commercial vehicle ranges in Europe will be zero-emissions capable—all-electric or plug-in hybrid—by 2026, moving to entirely electric by 2030.

March 22, 2018

Nordstrom ends talks with founding family, Porsche put next-gen in the driver's seat, and Ofers divide assets to avoid competition law

Nordstrom ends talks with founding family

Nordstrom have ended discussions with its founding family over re-privatising the business, following 10 months of negotiations.

The fashion retailer had appointed a committee to negotiate with the family—who own just over 30%—on behalf of shareholders, but the parties had been unable to reach an agreement and this week Nordstrom announced it had “terminated” discussions.

July 3, 2013

Israeli shipping magnate Eyal Ofer has made quite a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Israeli shipping magnate Eyal Ofer has made a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Through the Eyal Ofer Family Foundation, Ofer – who with his younger brother Idan controls the Herzliya-based Ofer Brothers Group – donated £10 million (€11.8 million) towards the extension of the Tate Modern.

March 5, 2013

The Iscar next-gen on being a TV singing star in her native Israel, and releasing her first album.

Sivan Talmor’s musical career began early. “At the age of nine I told my mother that I wanted to be a singer, and she took me to the local music school. They said that I was too young, but they let me audition anyway and said that my voice was mature enough, so I got in.”

It was the start of an unusual journey for the granddaughter of the man who set up Iscar, an Israeli tool-making firm founded in 1952 which is famous as the first non-US business that Warren Buffett invested in; he bought an 80% stake in 2006 for $4 billion (€3.1 billion).

September 26, 2011

There are limits to how far you can develop a business in the world’s most dangerous region – even more so if that country happens to be Israel.

There are limits to how far you can develop a business in the world’s most dangerous region – even more so if that country happens to be Israel.

When you’ve fought recent wars with some of your neighbours it’s not exactly easy to open a new factory or outlet in the neighbouring country, nor plan a regional marketing strategy – areas of little concern for companies in Europe and the US.

September 14, 2011

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

A statement issued by the US state department on 14 September said it will withdraw sanctions against the family-owned industrial conglomerate, which had been accused of alleged trading with Iran.

September 21, 2009

The Fuhrer family, owners of the Israel-based pharmaceutical company Neopharm, has made an offer for the acquisition of the drug supplier Goldshield Group.

The Fuhrer family, owners of the Israel-based pharmaceutical company Neopharm, has made an offer for the acquisition of the drug supplier Goldshield Group.

The bid was made through AIT Investment, a company set up by the Fuhrer family for the purpose of acquiring Goldshield. It has offered 440 pence per share for the company, valuing it at £162 million.

March 1, 2004

Family businesses in the Middle East generate billions of dollars in revenue. But times are changing and the political and economic outlook is a mixed bag for some 20 countries associated with the region. Membership in the World Trade Organisation, say commentators, will have a profound affect on family businesses.

Scott McCulloch is Editor of Families in Business magazine.

Family businesses in the Middle East generate billions of dollars in revenue. But times are changing and the political and economic outlook is a mixed bag for some 20
countries associated with the region. Membership in the World Trade Organisation, say commentators, will have a profound affect on family businesses.

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