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About Team - Thomas Schmidheiny Centre for Family Enterprise

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So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 165 blog entries.

Succession problems facing China
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By | September 7th, 2016|Family Business|

In a recent article, Florence Tsai and John A. Davis have outlined the succession problems facing family businesses in China. After the country’s brief 30 year experience with market economy, the founder generation of China’s family businesses have just started their transition to the second [...]

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250 year old family firm continues to reinvent itself
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By | September 7th, 2016|Family Business|

Faber-Castell was founded in 1761 at Stein near Nuremberg by cabinet maker Kaspar Faber. Since then the firm has remained in the Faber family for eight generations. Today it is one of the world's largest manufacturers of pens, pencils, other office supplies and art supplies, [...]

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Canada’s Desmarais Clan starts succession planning
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By | August 29th, 2016|Family Business|

The Desmarais family controls Power Corp. of Canada, whose interests include stakes in giant companies on three continents. The clan is sometimes described as the closest thing Canada has to business royalty, its power amplified by close ties to presidents, prime ministers, bureaucrats and business [...]

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Walton Family Holdings Trust raises $256 million
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By | August 29th, 2016|Family Business|

Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. The company was founded by Sam Walton in 1962 and today has 11,539 stores and clubs in 28 countries. It is the world's largest company by [...]

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Fifth generation enters the board of a growing family business
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By | August 29th, 2016|Family Business|

Gordon Food Service is the largest family-operated broadline food distribution company in North America with an estimated $11.7 billion in annual sales. The company was founded in 1897 by Isaac van Westenbrugge, a 23-year-old Dutch immigrant, and later expanded by his son-in-law Ben Gordon. The [...]

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A Family Business linked to its Cultural Roots
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By | August 19th, 2016|Family Business|

Goya Foods, Inc. is a producer of a brand of foods sold in the United States and many Hispanic countries including Spain, Puerto Rico and the Dominican Republic. The company founded in 1936 by Prudencio Unanue Ortiz and his wife Carolina, is headquartered in Jersey [...]

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US Government Proposes Changes to Valuation of Family Business
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By | August 16th, 2016|Family Business|

As per a recent proposal by the US government, it would become harder for wealthy business owners to transfer assets to heirs without paying estate and gift taxes. This proposal would make it harder for taxpayers to claim valuation discounts to reflect the diminished value [...]

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Third Generation CEO Pushes for Changes in Family Business
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By | August 16th, 2016|Family Business|

Ferrero International SA is an Italian manufacturer of branded chocolate and confectionery products and the third biggest chocolate producer and Confectionery Company in the world. It was founded in 1946 by Pietro Ferrero. The company, remains wholly owned by the Ferrero family, and generates €9.5 [...]

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A clash of cultures in a family firm
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By | August 5th, 2016|Family Business|

Henkel, founded in 1876, is publicly listed and family-controlled. The German multinational makes industrial and household products including detergent and glue. In the fiscal year 2015, Henkel reported sales of 18.1 billion euros and an operating profit of 2.9 billion euros. More than 80 percent [...]

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Family controlled cosmetic giant acquires entrepreneurial new venture
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By | August 5th, 2016|Family Business|

L'Oréal is a French cosmetics company founded in 1909 by Eugène Paul Louis Schueller. The founding family still owns close to 33% shares in the company that is today the world's largest cosmetics company. The company has a history of making big acquisitions. In 2006 [...]

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Change of Guard at Ericsson
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By | July 29th, 2016|Family Business|

Ericsson is a multinational networking and telecommunications equipment and services company headquartered in Stockholm, Sweden. The company was founded in 1876 by Lars Magnus Ericsson and is now owned by the Wallenberg family. Today the company employs around 110,000 people and operates in around 180 [...]

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Family Businesses Retain Position in Fortune Global 500 Rankings Despite Dip in Revenues
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By | July 25th, 2016|Family Business|

Five of the world’s largest family businesses, in the top 20 of the new Fortune Global 500, have seen their combined revenues slump by more than $74.5 billion compared to last year. The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung [...]

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The New Sons-In-Law in Indian Family Businesses
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By | July 25th, 2016|Family Business|

It is a new trend that is catching in fast in Indian family businesses. This story is about a group of entrepreneurs who were successful in their own right. Then they married into big Indian family businesses and started helping their in-laws in new ventures. [...]

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Murdoch Brothers Face Toughest Challenge since Succession
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By | July 25th, 2016|Family Business|

Close to a year ago, James and Lachlan Murdoch took over the reins of 21st Century Fox from their father, Rupert Murdoch. Since then, have been remaking the company at breakneck speed. However, they have left Fox News alone as it contributes to nearly 20% [...]

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Malaysian Next Gen to Take on Bigger Role in Family Business
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By | July 19th, 2016|Family Business|

The Hong Leong group is a Malaysian conglomerate, which was founded as a trading company in 1963 by Tan Sri Quek Leng Chan. This second-generation company controls 14 listed companies involved in the financial services, manufacturing, distribution, property, and infrastructure development. Tan Sri Quek Leng [...]

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New Venture Brings In Rewards For Century Old Family Business
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By | July 19th, 2016|Family Business|

Nintendo is a Japanese multinational consumer electronics and software company that is today the world's largest video game company by revenue. It was founded in 1889, by Fusajiro Yamauchi, and is still owned by the sixth generation of the Yamauchi family. Nintendo then developed into [...]

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The Dominance of Business and Politics by a Family
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By | July 8th, 2016|Family Business|

As per a recent report by Global Witness, titled ‘Hostile Takeover: The Corporate Empire of Cambodia's Ruling Family’ the Cambodian Prime Minister Hun Sen's family has stakes in over 114 domestic companies spanning key sectors, including energy, telecoms, mining and trading. More than 27 relatives [...]

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Chinese Firm acquires another German Family Business
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By | July 8th, 2016|Family Business|

Kuka AG is a German manufacturer of industrial robots and solutions for factory automation. The company was founded in 1898 in Augsburg, Germany, by Johann Josef Keller and Jacob Knappich. In 2014 Voith GmBH, one of the largest family owned businesses in Europe acquired 25.1 [...]

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The Impending Collapse of a Family Business
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By | July 8th, 2016|Family Business|

The Al Jaber Group is a family owned business based in Abu Dhabi, with interests spanning construction, engineering and shipping. It was established in 1970 by Obaid Khaleefa Al Jaber Al Marri, and today employs over 55,000 employees. The group borrowed extensively at the end [...]

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Family Business Changes with Time and Trend
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By | July 1st, 2016|Family Business|

Readers Fine Jewelers was established more than seven decades ago in Santa Monica, California. It was acquired by Eddie Guerboian, a fifth generation jeweler in 1983. His son, Avedis “Avo” Guerboian, recently joined the business to become the sixth-generation jeweler. The store went on to [...]

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Annual European Families in Business awards announced
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By | June 24th, 2016|Family Business|

CampdenFB, in association with Societe Generale Private Banking, organized the fifth annual European Families in Business Awards in Berlin on 21 June. The awards were held in conjunction with our European Families in Business Conference. The winners of the 2016 European Families in Business Award [...]

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Family Moving from Operations to Oversight at Maersk
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By | June 17th, 2016|Family Business|

A.P. Moller–Maersk Group, also known as Maersk, is a Danish business conglomerate, with interests primarily in the transportation and energy sectors. The company was founded by Peter Mærsk-Moller and his son Arnold Peter Moller in 1904. The fourth-generation family business is today the largest shipping [...]

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Family Owned Fiat Eyeing Tie-Ups with Leading Tech Companies
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By | June 17th, 2016|Family Business|

Fiat Chrysler Automobiles, also known as FCA, is an Italian-controlled multinational corporation and currently the world’s seventh-largest auto maker. Exor S.p.A, an Italian investment group owned by the Agnelli family, owns 29.19% of FCA and controls 44.31% through a loyalty voting mechanism. The company traces [...]

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Restricting Control of Founder after Retirement
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By | June 10th, 2016|Family Business|

The professionalization of family businesses is a tricky subject. More often than not, the business transitions from a founder led to a founder controlled organization. It becomes difficult for founders to let go and hand over the reins to a professional team, even after retirement [...]

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Court Ruling against Samsung Merger
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By | June 10th, 2016|Family Business|

Samsung, the largest South Korean chaebol (business conglomerate) was founded by Lee Byung-chul in 1938. Following Lee's death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. The founder’s third son Lee Kun-Hee took over [...]

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Top 13 Wholly-Owned US Family Businesses Concentrated in Select Sectors
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By | May 20th, 2016|Family Business|

Campden research studied the wholly-owned US family businesses and found that the top 13 among them were dominant in a select few sectors. If they were a nation, their GDP (i.e. total revenues of $232 bn) would be 45th largest on the globe. The sectors [...]

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Debiopharm Group Donates to IMD To Promote Best Practice In Family Business Philanthropy
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By | May 20th, 2016|Family Business|

The Swiss biopharmaceutical company Debiopharm Group has pledged to setup a Chair in Family Philanthropy at IMD business school, Lausanne. The Chair's objective is to promote family philanthropy and developing best practices by offering decision-making techniques and performance assessment mechanisms to improve the social and [...]

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Carlos Slim’s Grandchildren Join Family Business Boards
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By | May 20th, 2016|Family Business|

Continuing the family legacy, Carlos Slim, head of one of the world's largest family business empires has brought two of his grandchildren on the boards of group companies. Daniel and Rodrigo, both in their early 20s, are sons of Slim's eldest daughter Vanessa. Daniel has [...]

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Secretive Reimann Family’s Growing Coffee Investments
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By | May 13th, 2016|Family Business|

Adam Benckiser had started a namesake chemical company in 1823. He was succeeded by his son-in-law Ludwig Reimann. Albert Reimann Jr., the great grandson of Ludwig took the reins of the company after his father died in 1952. Upon Albert's death in 1984, Wolfgang Reimann [...]

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Succession Plan Unveiled at Bouygues
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By | May 6th, 2016|Family Business|

Bouygues S.A., an industrial group headquartered in Paris, was founded in 1952 by Francis Bouygues and since 1989 has been led by his son Martin Bouygues. In 2015 it had over approximately 120,000 employees in 100 countries, generating €32.428 billion in revenue. The group specializes [...]

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Family Business in Britain
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By | May 6th, 2016|Family Business|

The country’s medium-sized enterprises, often family owned, generate a quarter of private sector GDP, despite making up just 2% of British companies. British family businesses are more domestically focused than their global counterparts, with exports accounting for just 16% of their revenues, compared to 25% [...]

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Family Business Member As President Of Argentina
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By | April 29th, 2016|Family Business|

Recently Argentina appointed a new president, Mauricio Macri, who is a member of family-run conglomerate Grupo Macri. It has raised hope that the 57-year-old’s innate understanding of the issues faced by families will result in better conditions for businesses across the board. Among the top [...]

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New York Magazine Gets Family Member As CEO
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By | April 29th, 2016|Family Business|

Bruce Wasserstein, bought the New York magazine for $55 million in 2004, but died unexpectedly five years later, at age 61. Later the magazine was owned by a Wasserstein family trust and there were speculations that the family might sell the company. Recently, Pamela Wasserstein, [...]

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Chinese Family Feuding Over Japanese Reparations
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By | April 29th, 2016|Family Business|

Mitsui OSK was founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan. The company is now independent of the zaibatsu, but remains part of the Mitsui keiretsu (group of aligned companies). Chen Shuntong was a shipping magnate [...]

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