Foreign News: Tycoon in Retreat

Globe-trotting Swedish Tycoon Axel Leonard Wenner-Gren went into economic and diplomatic eclipse 18 months ago when the U.S. and Britain black-listed him and his fabulous array of world enterprises (TIME, June 29, 1942). Last week, on an hacienda outside Mexico City, Hermann Göring's onetime friend was busy with earthy new interests. He was experimenting with the breeding and raising of hogs, poultry, sheep and dairy cattle—still with a pale blue, acquisitive eye on postwar opportunities. True to Wenner-Gren tradition, he bought not one hacienda but a half dozen.

Between chores, pink-faced, white-thatched Axel...

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