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July 25, 2022

In this week’s FB Roundup, Shipping billionaire Rodolphe Saade opposes a French windfall tax plan; Zara founder Amancio Ortega buys a luxury New York apartment building for $500 million; and ancient artifacts seized from US billionaire Michael Steinhardt are returned to Italy.

Shipping billionaire Rodolphe Saade opposes French windfall tax plan
Rodolphe Saade, the billionaire head of multi-generational family-owned shipping giant CMA CGM SA, has vocally opposed a plan by French lawmakers to impose a windfall tax on corporate profits to moderate the impact of inflation.

CMA CGM SA, the world’s third-largest container carrier, has seen its profits rise dramatically following strong global demand for consumer goods resulting in shipping rates being raised more than ten-fold during the Covid-19 pandemic.

November 15, 2021

Rogers Communications won’t challenge court ruling on family boardroom battle, Primark-owning Weston family plans overseas expansion, Li Ka-shing family bets on Bamford’s green hydrogen fund.

Rogers Communications won’t challenge court ruling on family boardroom battle

The Rogers family behind their eponymous $24 billion Canadian telecoms giant has been embroiled in a damaging public feud which could jeopardise a $26 billion merger with fellow family-controlled telecom company Shaw Communications.

October 29, 2021

A new generation is driving change in a tea category where for decades price has meant more than taste or goodness. The trend they are forcing is about taste and wellness, but so much more. As younger customers turn to tea, they are demanding a more sincere appreciation of ethics and sustainability. This offers a glimmer of hope for passionate tea growers who make tea for the love of the leaf.

A new generation is driving change in a tea category where for decades price has meant more than taste or goodness. The trend they are forcing is about taste and wellness, but so much more. As younger customers turn to tea, they are demanding a more sincere appreciation of ethics and sustainability. This offers a glimmer of hope for passionate tea growers who make tea for the love of the leaf.

May 26, 2021

In the family council meeting in a city in India, the patriarch of the fast-moving consumer goods family business proudly proclaimed: “I have blocked a bed, nurse, doctor, oxygen cylinder and injection, which will be available for anyone of us if we fall prey to Covid-19. I’m not taking any chances.”

In the family council meeting in a city in India, the patriarch of the fast-moving consumer goods family business proudly proclaimed: “I have blocked a bed, nurse, doctor, oxygen cylinder and injection, which will be available for anyone of us if we fall prey to Covid-19. I’m not taking any chances.”

A hand went up: “Uncle, what if more than one of us needed it at the same time?” He smiled and said not to worry.

April 1, 2021

Elisabetta Fabri, family principal of the private Italian luxury hospitality group Starhotels, is helping women in business achieve their potential by launching a new vocational training initiative.

Elisabetta Fabri, family principal of the private Italian luxury hospitality group Starhotels, is helping women in business achieve their potential by launching a new vocational training initiative.

The programme was among the measures by the multi award-winning second-generation president and chief executive in response to the impacts of Covid-19 on the world’s hotel, travel and tourism industries.

February 16, 2021

Family offices can act as reliable providers of direct company equity and debt funding to successful private businesses who are finding it difficult to find sustainable sources of efficiently priced capital  from institutional providers currently caught up with responding to Covid liquidity requirements for public companies and governmental agencies. 

Family offices can act as reliable providers of direct company equity and debt funding to successful private businesses who are finding it difficult to find sustainable sources of efficiently priced capital  from institutional providers currently caught up with responding to Covid liquidity requirements for public companies and governmental agencies.

September 24, 2020

PureTerra Ventures has been involved in water in various aspects for more than 25 years, from senior management experience in technology companies to organisation of one of the largest water and wastewater exhibitions globally.

PureTerra Ventures has been involved in water in various aspects for more than 25 years, from senior management experience in technology companies to organisation of one of the largest water and wastewater exhibitions globally.

January 13, 2020

For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).

For the first time, legal persons and other entities are obliged to declare their Ultimate Beneficial Owners (UBO) to the Central Register of the Ministry of Finance (MFA).

January 13, 2010

Jamnalal Bajaj, founder of The Bajaj Group, was a close confidant and disciple of Mahatma Gandhi. The family is known for the major contributions it made during India’s independence movement as well as industrialisation. Unfortunately, the family is also known for infighting over ownership and control of different businesses, writes Kavil Ramachandran

Jamnalal Bajaj, founder of The Bajaj Group, was a close confidant and disciple of Mahatma Gandhi. The family is known for the major contributions it made during India's independence movement as well as industrialisation. Unfortunately, the family is also known for infighting over ownership and control of different businesses.

The latest spat arose when fifth-generation managing director Rajiv Bajaj announced that the company would discontinue the production of their famous scooters from 2010.

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