Wallenberg Family Fortune Feels the Sting of Brexit, Trump
- Firms owned are adjusting supply chains, building inventory
- Political uncertainty is upending corporate efforts to plan
The waterfront in the old city area of Stockholm.
Photographer: Casper Hedberg/Bloomberg
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The holding company that manages about $37 billion in assets for Sweden’s Wallenberg family says political risk stemming from trade wars and Brexit could have serious repercussions for a number of its investments.
Johan Forssell, the chief executive officer of Investor AB, says some of the companies it owns are building up inventory in an effort to prepare for the worst outcome of Brexit negotiations. Meanwhile the trade dispute between China and the U.S. has put businesses in a state of limbo as they try to figure out what kind of an agreement will be struck.