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To counter his intentions, the Hermès family, already protected by a limited partnership structure, has created a holding company to group more than 50 percent of its shares.
It created a holding company that it used to issue $300 million more in debt, which paid an additional $238 million dividend to the private equity firm.
Paul talked to a family who chose a different, and more complex, option: they created a holding company to own and manage the business and brought in professional managers to actually run the operations.
To ensure that Mr. Arnault cannot further increase his portion, the family created a holding company giving it the first right to buy any shares that family members choose to sell.
In 2005 Schmitz changed Data Protect's name to Megaupload (and his own name to Kim Dotcom); also, under the name Kim Tim Jim Vestor, he created a holding company, Vestor Limited, to serve as Megaupload's owner.
She created a holding company to manage the group's assets, which include car dealerships and real estate ventures, and set up a board to run the daily operations of the retail chain.
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"One of the things the teacher is doing is creating a holding space for that.
It's not good enough to create a holding space to preserve the archive.
On December 5th the family said they would create a holding company into which they would put 51% of Hermès's shares.
The firms said they planned to create a holding company for the newly combined business, but did not provide specifics on the merger.
After creating a holding company, Transamerica Corporation (1928), for his banking interests, he merged the Bank of Italy and the Bank of America of California in 1930, resulting in the Bank of America National Trust and Savings Association.
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