LEE Kum Kee International is a Hong Kong-based food company that manufactures oyster flavored sauce and a wide range of Chinese and Asian sauces. The brand was founded in 1888 by Lee Kum Sheung, a chef working in a small eatery that sold cooked oysters. He eventually formed the Lee Kum Kee company to market [...]
Imagine a mom and dad at the age of 67 who own a small, but profitable bed and breakfast in New Hampshire. They want to retire soon, but their two kids aren’t interested in taking over the family business. What do they do? As the baby boomer generation reaches retirement age, this is a question [...]
The business magazine Forbes-Middle East released the 2017 rankings for the top 100 Indian business owners in the Gulf region. The 61 year old retail magnate, Yusuff Ali M.A., Managing Director of Lulu Group International, came at the top of the list. Yusuff Ali hails from Thrissur, Kerala and his group operates 133 hypermarkets and [...]
The French tycoon, Vincent Bollore, aims to merge the media giant Vivendi and advertising firm Havas, the two groups that his family conglomerate controls. As per the merger plan, Vivendi offers to buy Group Bollore's 60 percent stake in Havas at a price of 9.25 Euros per share, in a 2.4 billion Euro deal. After [...]
Nicole Kushner Meyer, the next generation member of the Kushner properties group, invited rich Chinese investors to make investments in the group's luxury apartment complex Kushner 1, in New Jersey. She gave presentations to rich Chinese citizens and urged them to invest USD 500,000 in the US to obtain the EB-5 immigrant investor visa. The [...]
The 120 year old, Mumbai based Godrej Group's flagship company Godrej Consumer Products Limited (GCPL) gets a new Chairman. The company has appointed Nisaba Godrej, Chairman Adi Godrej's younger daughter as its executive chairman. According to the succession plan, the 75 years old patriarch, Adi Godrej becomes the company's Chairman Emeritus. In February, 2017 a [...]
Two family foundations are to gift USD 25mn each to the business school of the Utah State University. The gift from the Huntsman Foundation and Charles Koch Foundation will help the school expand its faculty and increase its student scholarship offers. The money will be paid over a period of ten years, said Doug Anderson, [...]
Moldex Composites, the carbon composites technology arm of auto components firm, Rockman Industries, has set up an office in the UK. The Gurgaon based Hero group company has made the move with an aim to enter into Europe and the USA. “We just opened an office in the UK at Silverstone for our carbon composite [...]
The Olayan family, which owns one of the biggest conglomerates in Saudi Arabia plans to take public a part of its business and list it on the country's Tadawul stock exchange. The group may setup a holding company for 20 of its business units that are valued about $5billion. It has hired Saudi Fransi Capital [...]
The publisher of Business Insider, Berlin based publishing and digital media firm Axel Springer SE bought a stake in the taxi service firm Uber Technologies. Though the company did not disclose the amount of stake acquired or investment made, Springer said that the stake was intended to be a financial investment, not a strategic one. [...]