MILAN — Amping up its presence in the contract sector with special projects for luxury and hotels is at the top of the list for Rubelli’s joint chief executive officers. On Monday, the Venice-based firm known for its hand-loomed soprarizzo, or chiseled, silk velvet, said 94-year-old textile heir and entrepreneur Alessandro Favaretto Rubelli, a lawyer who has led his family’s company into a modern era and into markets worldwide since 1955, passed control of the firm to his two sons, Nicolò and Andrea Favare ...

That’s one way to tell investors you’re all in. All told, Lachlan’s side of the transaction will control roughly a third of both Fox Corp. and News Corp. voting shares, as well as smaller stakes in non-voting shares.Those funds are secured by Fox Corp. and News Corp. shares, which means Lachlan is taking on enormous exposure to the companies his father built and that he will run.Indeed, a new holding company established by Lachlan and two siblings on his side in the ordeal, Grace and Chloe Murdoch, borrowed ...