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Where Billionaire Family Offices Placed Their AI Bets in November
Family office investment activity remained subdued in November despite the typical year-end uptick seen on Wall Street.
May
18
Walton Family Office Moved $48 Billion of Walmart Shares to Family Trust
According to regulatory filings in March 2020, Walton Enterprises LLC transferred 415 million shares, or roughly 15% of Walmart’s outstanding shares, to the Walton Family Holdings Trust. The value was estimated at US$ 48 billion. The migrated shares represented about 29% of the shares held by Walton Enterprises. Post-transaction, Walton Enterprises now owns about 1,000,891,131 shares of Walmart.
May
17
Ashcroft Partnership LLP launched as successor business to Cambridge office of BKL
Ashcroft Partnership LLP has been launched as the successor business to the Cambridge office of BKL, following a demerger. Focused on business and tax advice, corporate finance and private client services, the 40-strong team in the office have transferred over to Ashcroft following the partner buy-out.
May
17
THE OWNER OF SOUPLANTATION AND SWEET TOMATOES FILES FOR CHAPTER 7 BANKRUPTCY
Garden Fresh Restaurants, the owner of buffet-centric chains Souplantation and Sweet Tomatoes, has filed for Chapter 7 bankruptcy protection as the company opts to liquidate its assets and close its doors for good.
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