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Billionaire Castel’s daughter seeks CEO ouster in bitter split

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An increasingly acrimonious dispute over the direction of French billionaire Pierre Castel’s drinks conglomerate burst into full public view after a pair of heirs demanded the group CEO’s resignation and organized a vote aimed at ousting him.

Romy Castel, daughter of the 99-year-old founder, and Alain Castel, his nephew, told Bloomberg News they deeply disagree with the way Chief Executive Officer Gregory Clerc is running the wine and beer conglomerate and the power they say he’s amassed. 

Clerc “is attempting to take control,” Romy Castel, 51, said in a telephone interview, referring to a move by the CEO earlier this month to remove Alain Castel from two company boards.

In a separate statement, Alain Castel, 65, questioned Clerc’s strategic vision and ability to effectively run the group, which has a workforce of 43,000.

“For me and my family, it has become vital that Mr. Clerc fully appreciate the situation and realize that his resignation is the best solution,” he said. 

The closely held Castel Group, which had sales of about €6.5 billion ($7.6 billion) last year from its globe-spanning wine, beer and agricultural operations, has been torn in recent months by internal strife that has pitted key members of the family against Clerc. As the first outsider to oversee operations within the secretive empire, the dispute highlights the risks of generational change within family-controlled companies. 

In a statement, the eponymous Castel Group said that Clerc rejects the family members’ claims and added that he remains focused on his mandate to develop and grow the company “within a framework of demanding and responsible governance.” 

The website of another company in the group, Castel Afrique, posted a message saying that the board of Castel Group had met in Luxembourg on Dec. 11 and backed Clerc. 

The acrimony is escalating at a time when the founder’s health has been faltering. Pierre Castel remained the public face of the businesses until a few years ago, and Clerc was named CEO in 2023 after serving as the founder’s tax lawyer in Switzerland. 

The extent of the Castel fortune and the group’s labyrinthine corporate structure came to light through a tax dispute that the billionaire lost on appeal. A Swiss federal court ruled in a July 2023 decision that the businessman had evaded taxes as a longstanding resident in the country. Castel was fined more than €350 million.

Tax Probe

While the Swiss legal procedure is over, a tax probe by French authorities is ongoing, according to Romy Castel. 

The power struggle within the conglomerate surfaced earlier this month when Alain Castel, who heads the wine arm of the group, Castel-Vins, said he was removed from the board of a Luxembourg-based holding company, D.F. Holding, as well as Cassiopee Pte. Ltd., a Singapore-based entity that is higher up in the corporate structure. Clerc has seats on both boards. 

D.F. Holding is wholly owned by Cassiopee, which is ultimately controlled by Investment Beverage Business Fund, also in the city state. 

In his statement, Alain Castel said “deep disagreement” with Clerc has been simmering since his arrival as CEO, adding that one trigger was a survey carried out that he claims hurt a number of projects. 

Romy Castel said she has convened an extraordinary general meeting in Singapore on Jan. 8 of Investment Beverage Business Management, or IBBM, the fund management vehicle, to seek Clerc’s removal as director. 

A recent filing for that company lists Romy Castel, a French national based in Switzerland, as a shareholder, alongside another of her father’s nephews, Michel Palu. The other shareholders on the list are from outside the family: Two former longstanding French executives, Guy de Clercq and Gilles Martignac, as well as CEO Pierre Baer.  

Alain Castel described Romy as a “majority shareholder” of IBBM. The filing shows her having a 24% stake.

With the two former executives as allies “I have the majority,” to remove Clerc, Romy Castel said in the interview. “I am very, very confident.”

Pierre Castel’s empire spans the wine business that started in France and includes chateaus, vineyards, the Nicolas brand of stores and online seller Vinatis. The much bigger brewing and soda operation is focused on Africa, with some 61 brands of beer. 

D.F. Holding, which includes both beer and wine operations, reported sales of €6.5 billion in 2024, little changed from the year before. Dividends paid to shareholders rose about eight-fold to €350 million compared with €43 million. 

Since Clerc came on board, the firm has consolidated results across a swath of Castel operations. These include factories in 22 African countries as well as sugar plantations, flour and distillery activities.

This year it warned about lower wine consumption in France, political tension in a number of African countries and the war in Ukraine.



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You could win $1.6 billion with the right Powerball ticket, officials say

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The Powerball jackpot now stands at an estimated $1.6 billion, making it one of the largest lottery prizes in U.S. history, Powerball officials said Sunday.

No ticket matched all six winning numbers on Saturday — white balls 4, 5, 28, 52, 69 and red Powerball 20. That sets up the fifth-largest U.S. jackpot ever for Monday’s drawing, according to a news release from Powerball.

The biggest U.S. jackpot was $2.04 billion in 2022. The winner bought the ticket in California and opted for a lump-sum payment of $997.6 million.

The odds of winning Monday’s jackpot, which is the fourth-largest in Powerball history, are 1 in 292.2 million, according to Powerball.

The winner can opt for a lump-sum payment estimated at $735.3 million or an annuitized prize estimated at $1.6 billion. Both prize options are before taxes.

The annuity option offers one immediate payment followed by 29 annual payments that increase by 5% each year, Powerball said.

Powerball is available in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. It is overseen by the Multi-State Lottery Association, a nonprofit group made up of state lotteries. Profits from ticket sales are used by states to support public education and other services.

This story was originally featured on Fortune.com



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‘That really stuck’: Here’s how a 1970s campaign to sell Kentucky Fried Chicken with a bottle of wine became a Japanese Christmas tradition

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Christmas is a Christian holiday that observes the birth of Jesus. But did you know that the earliest followers of Jesus did not annually commemorate his birth? Or that Santa Claus is inspired by the acts of kindness of a fourth-century Christian saint? And have you heard about the modern-day Japanese tradition of eating Kentucky Fried Chicken on Christmas?

Since the early 20th century, Christmas has evolved from a religious holiday to a hugely popular cultural holiday observed by Christian and secular people across the globe who gather with families, exchange gifts and cards and decorate Christmas trees.

Here’s a look at the history, beliefs and the evolution of Christmas:

Origins and early history of Christmas

Early followers of Jesus did not annually commemorate his birth but instead focused on commemorating their belief in his resurrection at Easter.

The story of the birth of Jesus appears only in two of the four Gospels of the New Testament: Matthew and Luke. They provide different details, though both say Jesus was born in Bethlehem.

The exact day, month and even year of Jesus’s birth are unknown, said Christine Shepardson, a professor at the University of Tennessee who studies early Christianity.

The tradition of celebrating Jesus’ birth on Dec. 25, she said, only emerged in the fourth century.

“It’s hard to overemphasize how important the fourth century is for constructing Christianity as we experience it in our world today,” Shepardson said. It was then, under Emperor Constantine, that Christians began the practice of gathering at churches instead of meeting at homes.

Some theories say the date coincides with existing pagan winter solstice festivals, including the Roman celebration of Sol Invictus, or the “Unconquered Sun,” on Dec 25.

While most Christians celebrate Christmas on Dec. 25, some Eastern Orthodox traditions celebrate the holy day on Jan. 7. That’s because they follow the ancient Julian calendar, which runs 13 days behind the Gregorian calendar, used by Catholic and Protestant churches as well as by much of the secular world.

Rowdy medieval celebrations

For centuries, especially during the Middle Ages, Christmas was associated with rowdy street celebrations of feasting and drinking, and for many Christians, it “was not in good standing as a holiday,” said Thomas Ruys Smith, a professor of American literature and culture at the University of East Anglia in England.

“Puritans,” he said, “were not fond of Christmas.”

But in the 19th century, he said, Christmas became “respectable” with “the domestic celebration that we understand today — one centered around the home, the family, children, gift-giving.”

The roots of modern-day Christmas can be traced back to Germany. In the late 19th century, there are accounts of Christmas trees and gift-giving that, according to Smith, later spread to Britain and America, helping to revitalize Christmas on both sides of the Atlantic.

Christmas became further popularized with the publication of “A Christmas Carol” by Charles Dickens in 1843, and the writings of Washington Irving, who was a fan of St. Nicholas and helped popularize the celebration of Christmas in America.

The first Rockefeller Center Christmas tree was put up by workers in 1931 to raise spirits during the Great Depression. The tradition stuck as the first tree-lighting ceremony was held in 1933 and remains one of New York City’s most popular holiday attractions.

America’s secular Santa is inspired by a Christian saint

St. Nicholas was a fourth-century Christian bishop from the Mediterranean port city of Myra (in modern-day Turkey). His acts of generosity inspired the secular Santa Claus legend.

The legends surrounding jolly old St. Nicholas — celebrated annually on Dec. 6 — go way beyond delivering candy and toys to children. He is believed to have interceded on behalf of wrongly condemned prisoners and miraculously saved sailors from storms.

Devotion to St. Nicholas spread during the Middle Ages across Europe and he became a favorite subject for medieval artists and liturgical plays. He is the patron saint of sailors and children, as well as of Greece, Russia and New York.

Devotion to St. Nicholas seems to have faded after the 16th century Protestant Reformation, except in the Netherlands, where his legend remained as Sinterklaas. In the 17th century, Dutch Protestants who settled in New York brought the Sinterklaas tradition with them.

Eventually, St. Nicholas morphed into the secular Santa Claus.

It’s not just Santa who delivers the gifts

In the U.K., it’s Father Christmas; in Greece and Cyprus, St. Basil (who arrives on New Year’s Eve). In some parts of Italy, it’s St. Lucy (earlier in December) and in other Italian regions, Befana, a witch-like figure, who brings presents on the Epiphany on Jan. 6.

Instead of a friendly Santa Claus, children in Iceland enjoy favors from 13 mischievous troll brothers, called the Yule Lads. They come down from their mountain cave 13 days before Christmas, according to folklore.

Christian traditions of Christmas

One of the oldest traditions around Christmas is bringing greenery — holly, ivy or evergreen trees — into homes. But determining whether it’s a Christian tradition is harder. “For many people, the evergreen can symbolize Christ’s promise of eternal life and his return from death,” Smith said. “So, you can interpret that evergreen tradition within the Christian concept.”

The decorating of evergreen trees is a German custom that began in the 16th century, said Maria Kennedy, a professor at Rutgers University—New Brunswick’s Department of American Studies. It was later popularized in England and America.

“Mistletoe, an evergreen shrub, was used in celebrations dating back to the ancient Druids — Celtic religious leaders — some 2,000 years ago,” Kennedy writes in The Surprising History of Christmas Traditions.

“Mistletoe represented immortality because it continued to grow in the darkest time of the year and bore white berries when everything else had died.”

Other traditions include Christmas services and Nativity scenes at homes and churches. More recently, Nativity scenes — when erected on public property in the U.S. — have triggered legal battles over the question of the separation of church and state.

Christmas caroling, Kennedy writes, can also be traced back to European traditions, where people would go from home to home during the darkest time of the year to renew relationships within their communities and give wishes for good luck, health and wealth for the forthcoming year.

“They would recite poetry, sing and sometimes perform a skit. The idea was that these acts would bring about good fortune to influence a future harvest,” Kennedy writes.

Kentucky Fried Chicken for Christmas in Japan

Among the many Christmas traditions that have been adopted and localized globally, there’s one that involves KFC.

In 1974, KFC launched a Christmas campaign where they began to sell fried chicken with a bottle of wine so it could be used for a Christmas party.

KFC says the idea for the campaign came from an employee who overheard a foreign customer at one of its Tokyo restaurants saying that since he couldn’t get turkey in Japan, he’d have to celebrate Christmas with Kentucky Fried Chicken.

“That really stuck,” Smith said. “And still today, you have to order your KFC months in advance to make sure that you’re going to get it at Christmas Day.”

___

Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.



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Trump team triples bonus to $3,000 for migrants who self-deport

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The Trump administration is offering undocumented migrants $3,000 and paid travel if they agree to leave the US voluntarily before the end of the year, its latest effort to escalate mass deportations and slash enforcement costs.

Undocumented migrants who self-deport using the CBP Home app will have their travel arranged and paid for by the Department of Homeland Security and will qualify for forgiveness of any civil fines or penalties for failing to leave the US, according to the department. The $3,000 stipend is triple the $1,000 payout the department unveiled in May.

The policy announcement is part of a holiday-season campaign aimed at speeding up deportations. One post on the Homeland Security Department’s X account warned people living illegally in the US that they are “GOING HO HO HOME.” 

“Illegal aliens should take advantage of this gift and self-deport because if they don’t, we will find them, we will arrest them, and they will never return,” Homeland Security Secretary Kristi Noem said in a statement.

Since January 2025, 1.9 million undocumented migrants have voluntarily self-deported and tens of thousands of them have used CBP Home, according to Noem. Those figures could not be independently verified. The app was created during the Biden administration for migrants to schedule asylum interviews but President Donald Trump’s team re-branded it and transformed its purpose.

Officials have called the program a more efficient alternative to costly arrests and removals. Even the increased bonus payments would save money for the government, which estimated the average cost to arrest, detain, and remove a migrant at roughly $17,000 per person.

DHS didn’t immediately respond to a request for comment on how that calculus changes with the increased stipend.

Immigration lawyers and activists have raised doubts about the Trump administration’s claim that migrants who leave voluntarily may be able to return legally. Bloomberg previously reported that in many cases, people who have lived in the US without legal status face automatic bans that can last years, for which waivers are not typically granted.

The stipend increase comes as non-voluntary arrests and deportations haven’t met the administration’s early target of 1 million. Since taking office, the Trump administration has deported more than 261,000 people, according to US Immigration and Customs Enforcement data.

During that same period, ICE arrested more than 285,000 foreigners accused of being in the country illegally or of being deportable.

Officials have also taken steps to narrow legal immigration pathways. It announced that it will re-review the cases of all refugees resettled under former President Joe Biden and freeze their green card applications, and will consider among “significant negative factors” a country’s inclusion on the president’s vast travel ban. 

The administration has also expanded its travel ban, which initially covered nationals of 19 countries, to those hailing from more than 30 countries. 



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