8/26/2023 0 Comments Charles and keith lvmh![]() “Temasek guarantees the continuity and the autonomy of the company’s management team which, in our case, has proven to successfully face and overcome our sector’s challenges. On 1 August 2017, Business of Fashion reported that Singapore-based investment company Temasek had acquired a 30% stake in Sportswear Company S.p.A, owner of the Stone Island brand for an undisclosed sum. Lifestyle as a sector does not feature strongly. Singapore is meant to have the majority share. ![]() ![]() Temasek Holdings portfolio of investments by sector and geography. Effectively, Temasek Holdings was going to be managing investments made in the first decade of nation building since our separation in 1965, leaving the Ministry of Finance to focus on its core role of policymaking and regulations. Incorporated under the Singapore Companies Act in 1974, Temasek Holdings was mandated to own and commercially manage investments and assets previously held by the Singapore Government. Today, we might recognise the flagship carrier of Singapore as one of the most reputed of airlines in the world but to think its success and recognition is the result of the original Pierre Balmain sarong kabayas, Ian Batey’s Singapore Girl, its impeccable service or its fleet, is to ignore one prime element – backing of one singularly major shareholder – Temasek Holdings. That said, this airline didn’t make its maiden flight till May 1947, not the most auspicious of starts but nevertheless it persisted through wars, through separation, this fledgling airlines became incorporated as Singapore Airlines on 28 January 1972. In 1937, a little known airline was formed by British Imperial Airways, Straits Steamship Company and Ocean Steamship company of Liverpool.
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