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Sodexo mobilises and board cut salaries, Henkel makes disinfectants and donates millions, coronavirus-testing Roche hailed by UK government.
NEWS & ANALYSIS
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When the elements speak, elemental forces are unleashed, and it is important, in the middle of this storm, to capture the right tone of voice. Any false attempt to give reassurance, to boast about early success, to bury oneself in clichés, is unhelpful—even worse, it is historic: by the time these words are read, events will have unfolded which make them, as the CD music reviews have it, ‘Of historic interest only’. We are a long way from terra firma; at the time of writing, it’s a case of ‘so far, so good’. If this were a tennis match, all we could say is that we’ve had a decent first set.
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In this unprecedented time of high uncertainty from a sanitary and economic perspective, the different drivers at play are moving in different directions. These forces make the exercise of GDP forecasting quite tricky and not particularly helpful for the time being.
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The coronavirus pandemic may take an unprecedented toll on a family’s mental health, as well as their business wealth, with some members reacting to the threat with fear, aggression or optimism, while millennial next gens are coming of age in leadership.
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James Dyson says “race is on” to make 10,000 coronavirus ventilators, Escarrer family braces Melia Hotels for coronavirus and world recovery, AB InBev adapts to changing consumer tastes with premiumisation strategy.
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Features
A childhood spending summers among her family’s Remy Martin vineyards in the Cognac region of France gave Marie-Amelie Jacquet a deep appreciation for her family’s history. She speaks to Susan Lingeswaran about seeking her own path and coming back into the family fold
Search funds have gained prominence in the US and are gathering steam in other parts of the world. Why have they caught the attention of family businesses and family offices? Jeremy Hazlehurst reports
Family Office
Sir James Matthew, the 19th century Anglo-Irish judge, is reputed once to have said: “In England, justice is open to all, like the Ritz Hotel.” That may be the hope of Sir Frederick Barclay, who, with his daughter Amanda, recently began proceedings in the High Court in London alleging that their private discussions in the hotel had been bugged for months by children and at least one grandchild of Sir Frederick’s estranged brother, Sir David.
The families behind a British hospitality group, a German automaker and an emirates conglomerate are doing their bit in the fight against the coronavirus pandemic by cancelling commercial rents, providing face masks and donating ambulances.
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