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August 22, 2011

Boodles, the high-end British jeweller owned by the Wainwright family, has opened a new store in Hong Kong, as the company attempts to break into the Asian market. 

Boodles, the high-end British jeweller owned by the Wainwrights, has opened a new store in Hong Kong, as the family business attempts to break into the Asian market.

The family decided to set up the concession, located in luxury department store Lane Crawford, because of growing demand from the Asian market, said joint managing director Michael Wainwright, whose great-great-grandfather purchased the business in the early 1900s.

June 16, 2011

Italian luxury goods maker Ferragamo, controlled by members of the founding family, will list up to 25% of the family’s stake on the Milan stock exchange, as part of its plans to raise funds for expansion.

Italian luxury goods maker Ferragamo, controlled by members of the founding family, will list up to 25% of the family’s stake on the Milan stock exchange, as part of its plans to raise funds for expansion.

The company said that following the IPO, the Ferragamo family holding company will hold a 56% stake in the company, with another 11% held by individual family members. In March, the family sold an 8% stake to the Hong Kong-based Woo family in an attempt to strengthen its market presence in Asia.

March 29, 2011

Family-controlled fashion group Prada announced on 29 March that its sales for 2010 rose by over 30%, buoyed by strong demand in the Asia-Pacific region, but made no comment about speculation it is planning an IPO.

Family-controlled fashion group Prada announced on 29 March that its sales for 2010 rose by over 30%, buoyed by strong demand in the Asia-Pacific region, but made no comment about speculation it is planning an IPO.

The Milan-based company said in a statement that its revenues increased to €2.05 billion, up from €1.56 billion the previous year. With brands including Miu Miu and Church under its umbrella, the Italian group’s net profits doubled in 2010 to €250.8 million.

February 24, 2011

London-based property group Capital & Counties (CapCo) is in talks with one of Hong Kong’s wealthiest families, the Kwoks, to provide funding for the redevelopment of London’s Earls Court site, according to reports in the Financial Times.

London-based property group Capital & Counties (CapCo) is in talks with one of Hong Kong’s wealthiest families, the Kwoks, to provide funding for the redevelopment of London’s Earls Court site, according to reports in the Financial Times.

February 2, 2011

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

The US-based publisher will take control of 102 magazine titles in 15 countries from the US to Hong Kong – a business which had revenues of €774 million last year.

January 28, 2011

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Analysts say that the initial public offer could value Prada at more than $8 billion. With demand for luxury goods on the rise in Asia, Prada has bargained that the timing of the listing would be ideal.

January 26, 2011

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia’s better-known entrepreneurs.

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia's better-known entrepreneurs.

According to some sources, the casino and property entrepreneur has allegedly been linked to the Chinese organised crime group, the Triads, and allegedly collaborated with the Japanese during World War II.

Not the sort of background – it might be felt – you would want hung out for wider scrutiny.

January 25, 2011

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

A filing with the Hong Kong stock exchange reveals that Ho's shares in the holding company have been divided between his wives and children. Ho, chairman of SJM, said through his lawyer that he had not authorised this transfer of shares to his family.

January 18, 2011

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.

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