Word: staking
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...bread company, based in Parma, Italy, dates back to 1877--hit a big snag in the early 1970s, when the third generation of family managers--brothers Pietro and Giovanni--quarreled and sold the business to W.R. Grace of the U.S. In 1979, however, Pietro bought back a majority stake, this time on his own, and started the company on a rapid expansion course. By 1993, when he died, Barilla produced 35% of the pasta sold in Italy. Now his three sons--Guido, Luca and Paolo--and their sister Emanuela are pushing aggressively into international markets, especially in the U.S., where...
...Family's Stake: $4.4 billion
Today, however, the Benettons no longer view their $2.3 billion creation as a family company. They continue to hold a majority stake, but since taking the firm public in 1986, they have relied more on outside managers and this month announced that the family is withdrawing from management completely. Meanwhile, the family fortune has undergone a massive diversification. Through Edizione Holding, a family-owned company, the Benettons have bought stakes in operations as diverse as Formula One racing, Prince tennis racquets and a firm that refurbishes railway stations. Just last month they paid $7 billion to acquire a majority stake...
Michael Otto, 59, has aggressively pushed to countries beyond Germany, including the U.S., where he has a majority stake in Crate & Barrel. (The family separately owns the Spiegel catalog group, which includes Spiegel, Eddie Bauer and Newport News, an online women's-clothing retailer.) Otto has also invested heavily in technology, including e-commerce, to improve efficiency, cut costs and reach out to customers. Last year the company turned a profit for the first time on its online sales, which reached $1.9 billion. Otto boasts that it's the second largest Internet retailer after Amazon.com The advantages of running...
...Family's Stake: $250 million...