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Nordstrom family considers taking their company private

Published June 13, 2017 |

[[{"fid":"7026","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Image courtesy of Nordstrom","field_file_image_title_text[und][0][value]":"Image courtesy...

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Hong Kong’s Lo family locked in a feud

Published June 13, 2017 |

The Lo family, a prominent Hong Kong real estate family who control Great Eagle Holdings through a trust, are feuding, and reconciliation appears unlikely, the South China Morning Post reported.Great ...

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Earth Pride Organics files for bankruptcy protection

Published June 13, 2017 |

Earth Pride Organics, a family-owned holding company based in Lancaster, Pa., has filed for Chapter 11 bankruptcy protection, the Philadelphia Business Journal reported.Earth Pride Organics has four s...

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Santander buys Banco Popular for €1

Published June 13, 2017 |

Banco Santander SA has acquired a Spanish competitor, Banco Popular Español SA, for just €1 ($1.13). The European Central Bank had determined Banco Popular was near collapse, a Wall Street Journal ...

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Board Cuts Molina Healthcare’s Family Roots

Published June 13, 2017 |

How can families keep control after an IPO, avoiding the Molinas’ fate?By April HallMolina Healthcare saw its family business roots cut last month, when Dr. J. Mario Molina and his brother John C. M...

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Lebenthal family investment firm struggles in latest iteration

Published June 9, 2017 |

By April Hall[[{"fid":"7003","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Alexandra Lebenthal in an ad for municipal bonds in the 1990s.","field_file_...

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JBS to sell its operations in three countries

Published June 7, 2017 |

Brazilian meatpacking company JBS SA has agreed to sell its beef operations in Argentina, Paraguay and Uruguay for $300 million, the Wall Street Journal reported.The buyers are Pul Argentina SA, Frigo...

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Moersch family doubles wine production with Tabor Hill acquisition

Published June 5, 2017 |

Entente Spirits, which is based in Southwest Michigan and owned by the Moersch family, has acquired Tabor Hill Winery, the fourth-largest winery in the state, the Detroit News reported.Entente Spirits...

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Brazilian meatpacking company to pay $3.2 billion penalty

Published June 1, 2017 |

J&F Investimentos, the Brazilian holding company that controls meatpacking company JBS SA, has agreed to pay a penalty of 10.3 billion reais ($3.2 billion) after admitting to bribing politicians.J...

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Yuengling’s Ice Cream opens freestanding store

Published May 30, 2017 |

Yuengling’s Ice Cream has opened its first freestanding store at the Skylands Stadium in August, N.J., home of the Sussex County Miners baseball team, the Philadelphia Business Journal reported. Yue...

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Benetton family makes bid for Abertis

Published May 30, 2017 |

Atlantia, the toll road operator partly owned by Italy’s Benetton family, has made a €16.3 billion takeover offer for Abertis, a Spanish infrastructure group. The Financial Times called the bid ...

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N. Ireland sporting-goods company acquires Scottish rival

Published May 30, 2017 |

McMurray Sports, a sporting-goods company in Northern Ireland, has agreed to acquire Gilmour Sports of Scotland for an undisclosed price. Both companies are family-owned and specialize in field hockey...

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Publicity-shy Abigail Johnson speaks about bitcoin

Published May 24, 2017 |

Abigail Johnson, the third-generation chairman and CEO of Fidelity Investments, rarely speaks to the press or in public forums. However, she recently spoke at Consensus 2017, a New York conference hos...

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Constellation Brands makes bid for Brown-Forman

Published May 24, 2017 |

Constellation Brands has made an offer to acquire Brown-Forman, which owns Jack Daniel’s and other brands, CNBC reported.The Brown family, who control the company’s voting stock, have said they ar...

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IKEA Group names new CEO

Published May 24, 2017 |

IKEA Group, which owns most of the IKEA stores worldwide, has named Jesper Brodin as its new CEO, effective September 1. Brodin will replace Peter Agnefjall, who will leave the company.Brodin, who has...

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Merger Next Chapter for Huntsman Chemical Empire

Published May 23, 2017 |

By Barbara Spector and April Hall[[{"fid":"6896","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Jon M. Hunstman","field_file_image_title_text[und][0][va...

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Ford shuffles management, promotes executives

Published May 22, 2017 |

Ford Motor Company named Jim Hackett as its new president and CEO, replacing a retiring Mark Fields, the company announced in a statement.During Fields’ three-year tenure, Ford’s share price is do...

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Munro unit hits $100 million revenue milestone

Published May 22, 2017 |

Styletread, an online shoe retailer owned by Australia’s Munro family, recently hit the $100 million revenue milestone, the Sydney Morning Herald reported.The Munros acquired Styletread in 2013, whe...

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Feil family feud: Eight years, tens of millions … for what?

Published May 19, 2017 |

By Barbara Spector[[{"fid":"8419","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false},"type":"media"...

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Family Automakers Facing Tough Times

Published May 18, 2017 |

It’s been a tough week for family-controlled automakers.Ford Motor Co. announced that it will offer early retirement packages to 10% of its salaried employees in North America and Asia as “an acce...

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