Wednesday , November 14 2018
Home / thailand / CP: Chatchawan Chearavanont pay $ 5 billion to buy a Fortune magazine

CP: Chatchawan Chearavanont pay $ 5 billion to buy a Fortune magazine



Getty Images

CP: Chatchawan Chearavanont to Pay $ 5 Billion to Buy Fortune News – BBC Thai

Chatchawan Chearavanont, nephew Dhanina Chearavanonta, Senior Vice President Charoen Pokphand Group Buy Fortune Magazine in the US With nearly 5 billion bahts for private investment. Targeted as the world's leading business media brand.

One article on the Fortune website, written by Andrew Nucka, states that Meredith, headquartered in Des Moines, Iowa, announced on Friday. The company has agreed to sell Fortune Media Group Holdings, a $ 150 million daughter of Fortune Media Group Holdings Limited, owned by Mr. Chatchawan Chearavanont, the son of Mr. Sumate Chearavanont (brother). Mr. Dhanin is responsible for the Charoen Pokphand Group's business in Indonesia. The largest group of companies in Thailand Transaction is a private investment by Mr. Chatchawan. It is expected to be completed this year.

Charoen Pokphand's staff explained to the BBC that. The transaction does not apply to Charoen Pokphand Group. But it's a private purchase.

Meredith was redeemed by Time Inc. in January for $ 1.8 billion, or $ 5.95 billion, two months later. The company announced it. It sells some of Timex's oldest brands, including Time, Fortune, Money and Sport Illustrated. Time Magazine later sold Mark Benin, Executive Director of Salesforce and Lenne's wife for $ 190 million or $ 6.28 billion.

Forbes reports that the Chearavan family is. It is the fourth richest family in Asia. Owned by Charoen Pokphand Group One of the largest producers of animal feed and livestock in the world. By 2017, assets increased by nearly $ 9 billion, or $ 298 billion, partly due to the value of shares held in Ping An ($ 1.5 billion). Ping An) China's insurance company has grown. How bond yields and earnings increase.

CP: Chatchawan Chearavanont


Getty Images
Alan Murray will continue to be the president and will be the chief executive of Fortune. After selling it to Mr. Chatchawan Chearavanont

Forbes identified the job of the Chearavan family. It began in 1921 when Mr. Jia Jiaqi and Mr. Congraroed Chearavanont, two brothers, opened a trade that sold imported seeds from China to a Thai farm. Represents the Charoen Pokphand Group led by Mr. Dhanin Sin Mr. Jia Zhang, Mr. Dhanin is the Senior Chairman. After 48 years in January last year he had the office of President and Chief Executive Officer Mr. Dhanin gave Mr. Soopti his 53-year-old son is president and 50-year-old Supachai succeeds him.

Among Mr Dhanin's brothers, including Mr. Dhanin G. Charan, Mr Montri, Mr. Sumet and Mr Dhanin

Mr. Chatchawan, Mr. Sumet's son. In that statement. "Our vision is to make Fortune a global business media brand." Available and relational to the world The need for quality business information is increasing, and this is why we are committed to investing in the vast technology of journalism and the work we do believe it will gain in the field of print media. events. "

Three women on the stage.

Getty Images
Fortune holds several annual conferences, including the Global Forum and the Most Powerful Women's Summit.

Fortune Magazine Known as one of the first 100 Fortune 500 companies or the top 500 companies in the world, the world's top 100 companies, the most powerful women in the world. The world's most powerful women, the world's most prestigious companies etc. There are also several annual conferences including the Global Forum, Women's Summit Positive Impact in the World (the Most Powerful Women's Summit).

Alan Murray, President of Fortune, will still serve as president. And it will be CEO Fortune Magazine. After selling it to Mr. Chatchawan Mr. Murray in that statement. "I'm glad to be the owner of Fortune." Believe in the mission, appreciate editorial independence, want to invest in our journalism work, and I'm thinking of Fortune, the leading brand that provides business insights and information around the world. "


Source link