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November 22, 2019

Melia, Inditex and Damm families lead Spain’s digital revolution, family businesses H&M Group and IKEA unite to study recycled textiles, and Hays family creates 1,500 new careers in the UK’s travel industry.

Melia, Inditex and Damm families lead Spain’s digital revolution

Spanish family businesses Melia Hotels International, Inditex and Damm have been named among the top 10 companies leading the digital transformation of the Spanish economy.

Research by the Coordenadas Institute of Governance and Applied Economics hailed the families and public peers, such as Telefonica and Seat, for adapting their business models through digitalisation. Their motivation was to enhance their competitiveness and position themselves as international benchmarks.

October 9, 2019

British family business Hays Travel says it will buy the entire property portfolio of the collapsed travel group Thomas Cook and save up to 2,500 jobs.

British family business Hays Travel says it will buy the entire property portfolio of the collapsed travel group Thomas Cook and save up to 2,500 jobs.

The UK’s largest independent travel agent announced today they had agreed to acquire Thomas Cook’s 555 high street stores for an undisclosed amount. The 39-year-old company already owned 190 shops across the country and employed hundreds of homeworkers.

October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

September 25, 2019

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

September 19, 2019

Alessi sells sizable share to finance growth, Sodexo scores high on sustainability for 15th year, Rockefeller moves into tech founder succession planning.

Alessi sells sizable share to finance growth

The Italian Alessi family behind some of the most recognisable designer homeware products in the world has sold a 40% share of its business for an undisclosed sum to a UK private equity firm.

The Alessi company was fully owned by the founding family, who were looking for a partner to help them grow the firm, Oakley Capital announced this week. Alessi family members Alberto, Alessio, Michele and Stefano kept 60% of the company and pledged to reinvest in the firm.

September 6, 2019

Third-generation family business Pernod Ricard has countered criticisms over its shareholder returns and governance from its activist investor with a rise in turnover, a €1 billion share buyback scheme, non-family board appointments and investments in China and the United States.

Third-generation family business Pernod Ricard has countered criticisms over its shareholder returns and governance from its activist investor with a rise in turnover, a €1 billion share buyback scheme, non-family board appointments and investments in China and the United States.

September 5, 2019

Business families of wealth are postponing their investments, considering moving their assets overseas and may even review their residencies as Britain’s turbulent exit from the European Union looms.

Business families of wealth are postponing their investments, considering moving their assets overseas and may even review their residencies as Britain’s turbulent exit from the European Union looms.

July 18, 2019

Asia Pacific and North American business families of wealth have powered the record-breaking growth in the number of family offices by more than one-third in only two years.

Asia Pacific and North American business families of wealth have powered the record-breaking growth in the number of family offices by more than one-third in only two years.

The total estimated assets under management of family offices stands at $5.9 trillion, while the wealth of the families behind them totals a vast $9.4 trillion.

June 20, 2019

Investors say their impact investments meet—or beat—their expectations as the global $502 billion sector grows and matures, but they struggle to find the right people to manage their projects.

Investors say their impact investments meet—or beat—their expectations as the global $502 billion sector grows and matures, but they struggle to find the right people to manage their projects.

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