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Family-controlled investment company Wendel said that it would appeal a €1.5 million fine imposed by the French market regulator AMF, as it attempts to bolster its reputation.

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

A $2 billion-plus lawsuit filed against family-controlled automobile giant Porsche was dismissed by a US federal judge on 30 December 2010.

Two of France’s largest and most famed family businesses, Hermes and L’Oreal, have taken steps this week to bolster family control and reaffirm the family’s commitment to the company. But the question remains as to whether this is enough to ensure continued family ownership.

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