UK construction group Wates Group has acquired another family-owned building business, the third-generation Purchase Group, based in the Midlands town of Walsall. The family will stay in charge.
Hedge fund billionaire George Soros’ interest in a Spanish construction business raises and intriguing possibility – that he (or someone else) could mimic Warren Buffett’s investment strategy in Europe.
It might not be a household name, but Sweden’s Kinnarps is one of Europe’s biggest furniture makers. It combines a strong family tradition, roots in the town where it was founded with financial success. We met its non-family CEO.
They are best-known for developing some of London’s most expensive property, so the rumour that the Candy brothers want to buy the FT seems bizarre. But families still own much of the world’s publishing businesses. So it might work.