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Milan

July 19, 2021

Founding Rothermere family mulls bid to take Daily Mail group private again, Ali Group merges with Welbilt after founder Luciano Berti dies aged 89, Arnault family’s L Catterton tipped to acquire Etro family business.

Founding Rothermere family mulls bid to take Daily Mail group private again

The British aristocratic billionaire Rothermere family could privately own the bestselling Daily Mail newspaper it founded after almost 90 years if the influential newspaper’s owner sells its insurance and financial assets.

May 3, 2021

Samsung’s Lee family to pay $10.8 billion inheritance tax bill, Ferruccio Ferragamo passes leadership torch to brother Leonardo Ferragamo, Fifth-gen Robert Buchbauer declares Swarovski sustainability goals.

Samsung’s Lee family to pay $10.8 billion inheritance tax bill

The family of late Samsung patriarch Lee Kun-hee has unveiled an instalment plan to pay its 12 trillion won ($10.8 billion) inheritance tax bill, to include large donations to South Korean healthcare and museums.

June 27, 2019

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

January 18, 2019

Campden Wealth is calling for nominations for its inaugural gala awards in the Americas to recognise the best-in-class family enterprises across the region.

Campden Wealth is calling for nominations for its inaugural gala awards in the Americas to recognise the best-in-class family enterprises across the region.

Organisers at the New York wing of Campden said they were “shocked” to discover there were no existing awards recognising excellence among multigenerational business families of sustainable wealth on the entire continent.

December 14, 2018

Nominations are now open for the European Families in Business Awards 2019, the most prestigious celebration of excellence among business families of wealth across the continent.

Nominations are now open for the European Families in Business Awards 2019, the most prestigious celebration of excellence among business families of wealth across the continent.

February 1, 2012

The family behind Benetton Group is considering making an offer to buy the shares it doesn’t already own, in a bid to take the Italian fashion retailer private.

The family behind Benetton Group is considering making an offer to buy the shares it doesn’t already own, in a bid to take the Italian fashion retailer private.

Through its holding company Edizione, the Benetton family said it is considering buying the 33% of the company's shares that are listed on the Milan Stock Exchange.

Edizione controls 67% of the family business, which is famous for its coloured knitwear and owns brands such as Sisley and Playlife.

April 14, 2011

Italian luxury goods maker Ferragamo, majority-controlled by members of the founding family, plans to list its shares in Milan, said reports.

Italian luxury goods maker Ferragamo, majority-controlled by members of the founding family, plans to list its shares in Milan, said reports.

The Florence, Italy-based Ferragamo has filed its initial public offering with the Italian stock exchange, according to Italy’s business newspaper Milano Finanza. Reports say it will list 30% of its shares in Milan by July. When contacted, the group was unavailable for comment. Reports also said that the listing, intended to fund expansion, could value the company at around $2 billion.

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.

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.

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