Retail News CRM

Tag: brothers

  • Thai Beer Tycoon Dismisses Family Exec Following Brothers Abuse Claims

    Thai Beer Tycoon Dismisses Family Exec Following Brothers Abuse Claims

    A prominent member of Thailand’s Bhirombhakdi family, known for their control of Singha Beer, was dismissed from the family’s business empire due to allegations of sexual abuse. The dismissal followed several days of public controversy ignited by the allegations.

    A Family Rift

    Siranudh Scott, an environmental activist from the Bhirombhakdi family, accused his elder brother of sexually abusing him during his teenage years. Scott announced these allegations in an emotional video posted on his Facebook page. He claimed that his family was aware of the abuse, citing a taped confession as proof, but took no action against it.

    Scott expressed his disillusionment with his family, stating his unwillingness to be identified as a Singha heir and his desire to distance himself from a family that he felt lacked empathy for him. Scott, a marine conservationist known for his work with his group Sea You Strong in southern Thailand, is the son of a Scottish father.

    Company Response

    Following the allegations, the family’s business conglomerate, Boonrawd Brewery Company, announced the dismissal of Sunit, Scott’s brother, from all his positions within the company. In a statement, the company expressed regret for Scott’s experiences and declared their cooperation with authorities in ongoing investigations.

    The statement was given by the company’s CEO, Bhurit Bhirombhakdi, who is also a cousin of the two men. Bhurit additionally shared a letter from Sunit, in which the accused resigned from all his duties until the matter could be thoroughly investigated and resolved. Although Sunit has denied the allegations of sexual abuse, he admitted to instances of rough play between boys.

    The Bhirombhakdi family, who are identified as Thailand’s fifteenth wealthiest family by Forbes, with an estimated net worth of $1.75 billion, have interests extending beyond Singha Beer. They are also engaged in food manufacturing, hotel operations, power, and property.

    Questions & Answers

    What led to the dismissal of a member from the Bhirombhakdi family’s business empire?
    The dismissal occurred following allegations of sexual abuse made by Siranudh Scott against his elder brother, Sunit, which stirred public controversy.

    Who announced the dismissal from the family’s business empire?
    CEO Bhurit Bhirombhakdi, the cousin of the two men, announced the dismissal in a statement.

    What are the other business interests of the Bhirombhakdi family?
    Apart from Singha Beer, the family’s business interests include food manufacturing, hotels, power, and property.

  • Zegna’s Power Duo: Brothers Edoardo and Angelo Take the Helm as Co-CEOs of Luxury Fashion Giant

    Zegna’s Power Duo: Brothers Edoardo and Angelo Take the Helm as Co-CEOs of Luxury Fashion Giant

    Italian luxury fashion label Zegna recently appointed Edoardo and Angelo Zegna as its co-CEOs. The appointment is effective immediately and represents a significant shift in the company’s leadership structure.

    Former CEO Gildo Zegna has transitioned into an executive chairman role in the company. In this new capacity, Gildo Zegna will oversee the management of the three major brands under the company’s umbrella: Zegna, Thom Browne, and Tom Ford Fashion. His responsibilities will also include supervising the textile division, the general counsel’s office, which includes internal audit, as well as the external relations department. The latter encompasses sustainability, investor relations, and corporate communications.

    Gildo Zegna expressed his confidence in the new co-CEOs, stating, “Edoardo and Angelo’s complementary strengths and clear vision will make them a highly effective team to lead the Zegna brand. They continue the family legacy and have demonstrated their business leadership in recent years. Together, they will not only carry forward the brand’s timeless heritage but will further strengthen it.”

    In his role as co-CEO, Edoardo Zegna, who previously served as the group’s chief marketing and digital officer and group chief sustainability officer, will now lead the brand’s strategy. His responsibilities will include overseeing everything from brand image to marketing, as well as looking after design elements, including store design, alongside artistic director Alessandro Sartori.

    Angelo Zegna, the former CEO of Zegna’s Emea region and global client strategy director, will handle product development, merchandising, and commercial strategy as a co-CEO.

    Regarding their new roles, the brothers commented, “Our father passed the baton to lead a brand and protect its integrity, values, and long-term vision. As the fourth generation, our role is not to rewrite this story, but to move it forward with clarity, respect, and ambition.”

    Zegna, established in 1910 in Trivero, Italy, is celebrated for its high-quality tailoring and textiles. The brand is also recognized for its innovative fabrics, such as the Oasi cashmere and Trofeo wool.

    Questions & Answers

    Who are the new co-CEOs of Zegna?
    Edoardo and Angelo Zegna have been named as the new co-CEOs of the Italian luxury fashion brand.

    What role will Gildo Zegna play in the new leadership structure?
    Gildo Zegna will now serve as the executive chairman of the group, overseeing multiple brands and departments including sustainability, investor relations, and corporate communications.

    What is Zegna known for?
    Established in 1910 in Italy, Zegna is renowned for its premium tailoring and textiles, and for producing innovative fabrics like Oasi cashmere and Trofeo wool.