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Takata

January 29, 2016

Third-gen Takata CEO and chairman forced to deny he is stepping down; Swedish family business H&M sees drop in gross profit margins; and James Murdoch returns as UK Sky chairman

Third-gen Takata CEO and chairman forced to deny he is stepping down

The third-generation CEO and chairman of Japanese family business Takata has had to confirm via the company that he will not be stepping down from the helm of the company in the midst of a product recall scandal.

The airbag maker is currently responsible for the largest auto recall in history, totaling 18 million vehicles since 2013 and attributed to at least 10 deaths. 

February 5, 2015

Smucker snaps up Big Heart Pet Brands for $3.2 billion; Japanese airbag maker adds $30 million to annual losses; and LVMH posts 64% gain in annual profit

Smucker snaps up Big Heart Pet Brands for $3.2 billion

J M Smucker, the Ohio-based family business founded in 1897, has this week purchased Big Heart Pet Brands for $3.2 billion (€2.8 billion).

The deal, Smucker’s biggest ever, will add brands like Milk-Bone dog treats and Meow Mix cat food to a portfolio that already includes Folgers Coffee and Smucker’s jellies.

December 5, 2014

Antofagasta appoints Codelco veteran as new mining executive;Nakumatt retail chain plans strategic partnership in Kenya Nakumatt, the largest retail chain in East Africa by number of outlets;  Japanese airbag maker refuses regulator recall demands; and BMW launches car sharing scheme in London

Family Business Roundup: Antofagasta, Nakumatt, Takata and BMW

Antofagasta appoints Codelco veteran as new mining executive

Chilean firm Antofagasta, controlled by the Luksic family, has appointed a new chief executive to head its mineral unit.

The family-run firm said Ivan Arriagada Herrera, 51, would take up the appointment in Feburary. He currently works at state-owned competitor Codelco. 

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