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Ukrainian family firm suspected in international cyberattack

Published July 5, 2017 |

Police investigating an international cyberattack that affected major companies worldwide seized the servers of a father-and-daughter-run software business in Ukraine. The family denies being responsi...

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L’Oréal shares rise on speculation over sale of Nestlé’s stake

Published July 5, 2017 |

In June, hedge fund Third Point said it had taken a stake in Nestlé and encouraged the company to sell its stake in L’Oréal, the French cosmetics company controlled by the Bettencourt family. L’...

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Family firm stops producing sterile talc, citing ‘manufacturing issue’

Published July 5, 2017 |

Lymol Medical, a family-run, privately owned company in Woburn, Mass., is the only U.S. supplier of sterile talc powder. Sterile talc is a low-cost medicine is used to treat malignant pleural effusion...

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Hong Kong scion has big plans for waterfront

Published July 5, 2017 |

Adrian Cheng, 36, the third-generation executive vice chairman and joint general manager of New World Development, plans to build a $2.6 billion complex on Hong Kong’s Tsim Sha Tsui waterfront prope...

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Irish chicken processor is sold after eight generations

Published July 5, 2017 |

Manor Farm, an eighth-generation Irish chicken-processing business, has agreed to be acquired by Scandi Standard, a Nordic company, The Independent reported. The €70 million deal is one of the bigge...

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Japanese casino tycoon Kazuo Okada sues his family

Published July 5, 2017 |

Japanese casino tycoon Kasuo Okada, 74, who holds a 46.4% stake in Okada Holdings Ltd., is suing his son, daughter and wife in an effort to regain control of the enterprise, Reuters reported.Okada Hol...

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British government delays Murdoch’s Sky deal

Published June 30, 2017 |

U.K. media regulator Ofcom has ruled that 21st Century Fox, controlled by Rupert Murdoch, should not be allowed to complete its $15 billion bid for Sky without a further investigation.CNN reported tha...

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Louis Dreyfus Company seeks sale of stake in its metals unit

Published June 29, 2017 |

Giant commodities trader Louis Dreyfus Company has engaged Citigroup to seek an outside investor for its metals unit, the Financial Times reported. LDC Metals is the world’s third largest trader of ...

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Fifth-generation N.H. company to be acquired

Published June 29, 2017 |

Globe Holding Co., a fifth-generation Pittsfield, N.H., company that makes protective gear for firefighters, has agreed to be acquired by MSA Safety Inc., a publicly traded company with about 4,300 em...

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Rice family to make more than $1 billion from sale of Rice Energy

Published June 26, 2017 |

Gas producer EQT Corp. has agreed to buy Rice Energy Corp. for $6.7 billion. The Rice family, who control about 18% of Rice Energy’s shares, will make more than $1 billion from the deal, the Wall St...

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Brazil’s development bank seeks ouster of Batistas from JBS

Published June 23, 2017 |

The investment arm of BNDES, Brazil’s state-owned bank, has asked JBS SA to convene a shareholder meeting to remove the controlling Batista family from the company’s management and board, Reuters ...

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Giving the NextGen a Voice!

Published June 23, 2017 |

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Md. jeweler sues ex-employees

Published June 22, 2017 |

Smyth Jewelers, a 103-year-old family business with three Baltimore-area stores, has filed a lawsuit against four former employees, claiming they stole confidential lists of customers, vendors and emp...

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Rodale’s board considering a sale of the company

Published June 22, 2017 |

Rodale Inc., the family-owned lifestyle publisher in Emmaus, Pa., is exploring “potential strategic alternatives,” including a sale of the entire company, the Morning Call (Allentown, Pa.) reporte...

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JBS selling assets to cut debt

Published June 21, 2017 |

JBS has put some of its business units up for sale to reduce debt. The giant Brazilian conglomerate seeks to raise at least R$15 billion (US$4.5 billion), Folha de São Paulo reported.Cutting debt “...

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Li Ka-shing plans to step down as CK Hutchison chairman

Published June 20, 2017 |

Li-Kashing, who turns 89 in July, has told associates he plans to step down as chairman of Hong Kong-based CK Hutchison Holdings, Dow Jones Newswires reported. The company’s holdings include ports, ...

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Family Firm Divests Itself of Media Holdings

Published June 20, 2017 |

Calkins cites flagging media market, high expensesBy April Hall[[{"fid":"7028","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_tit...

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Walmart agrees to acquire Bonobos

Published June 16, 2017 |

Walmart has agreed to acquire Bonobos, an online menswear site, for $310 million in cash.“The deal is part of a bigger strategy at Walmart, the world’s largest physical retailer, to grow its e-com...

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PE firm buying stake in Tata Technologies

Published June 16, 2017 |

Private equity firm Warburg Pincus has agreed to buy a 43% stake in Tata Technologies Ltd. for about $360 million. The firm will acquire about 30% from Tata Motors and 13% from Tata Capital, Bloomberg...

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Columbia Sportswear reorganizes executive team

Published June 15, 2017 |

Tim Boyle, the third-generation CEO of publicly traded Columbia Sportswear Co., has been making changes to the company’s executive team, the Portland Business Journal reported.Bryan Timm, who had he...

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