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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 234 blog entries.

Australian Mineral Tycoon Invests in the UK
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By | November 4, 2016|Family Business|

Hancock Prospecting is an Australian mineral exploration and extraction, privately owned, company that holds the rights to some of world's largest iron ore deposit. Gina Rinehart is chairman of Hancock Prospecting, a company founded by her father Lang Hancock. Rinehart has inherited 76.6% of the [...]

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Succession planning continues to bother family businesses
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By | October 31, 2016|Family Business|

As per a new study in the UK, almost all family businesses confess they are operating without a strategy for succession, despite knowing full well the issue of generational transition is looming.  A remarkable 97% of family business owners surveyed complained of a lack of [...]

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Family moves in during troubled times
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By | October 31, 2016|Family Business|

The multinational network equipment maker, Ericsson was founded in 1876 by Lars Magnus Ericsson. The Wallenberg family saved the company from bankruptcy in 1960, and has since controlled the company. However history seems to be repeating itself. In recent quarters, the company has been reporting [...]

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Succession plan for fifth generation at New York Times
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By | October 31, 2016|Family Business|

The New York Times founded and continuously published in New York City since September 18, 1851, has won as many as 117 Pulitzer Prizes, more than any other news organization. Since 1896, when Adolph S. Ochs bought it, the Ochs-Sulzberger family has controlled the newspaper. [...]

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Pinarello in Talks to Sell Majority Stake
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By | October 24, 2016|Family Business|

Cicli Pinarello SpA, the Italian bicycle maker, was founded in the early 1950s when Giovanni Pinarello, a professional cyclist, received 100,000 pounds to give up his spot at the 1952 Giro d’Italia road cycling competition. He used the money to open a workshop for hand-made [...]

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Italian Family Business Selling Stake for Overseas Expansion
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By | October 24, 2016|Family Business|

 Atlantia SpA is an Italian holding company, controlled by the Benetton family, whose primary asset is Autostrade per l'Italia, the Italian toll-road operator. The main business interests of Atlantia are in infrastructure. The company which has been so far concentrated on projects in Italy now [...]

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Collaboration among Family Run Car Makers continue
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By | October 24, 2016|Family Business|

In continuation with last week’s report on tie-ups among car majors, now a new alliance seems to be forming among Toyota Motor Corp. and Suzuki Motor Corp. The two family run car manufacturers are in talks to share the burden of developing self-driving cars and [...]

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Bill Ford taking Ford Motor in new directions
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By | October 17, 2016|Family Business|

A family owned old economy manufacturing behemoth such as Ford is turning towards services as its new growth engine. It intends to generate a 20% return on its new mobility services, or more than twice the profit margin from its traditional business. As per Bill [...]

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Collaboration between two family car makers on the increase
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By | October 17, 2016|Family Business|

Two family-owned carmakers BMW and Toyota coming from different parts of the world are cooperating on a number of new ventures. Toyota, owned by the Toyoda family, reported revenues of 28.4 trillion yen ($274 billion) in 2016, while BMW had revenues of €76.8 billion in [...]

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Family member faces investor backlash
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By | October 17, 2016|Family Business|

James Rupert Jacob Murdoch the chief executive officer of 21st Century Fox, and Chairman of Sky plc received investor backlash earlier this week. This is significant as many analysts view this third-gen Murdoch, the youngest of Rupert Murdoch’s children by his second wife Anna, as [...]

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Samsung faces pressure from activist investors
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By | October 10, 2016|Family Business|

Samsung, the South Korean chaebol, founded in 1938, and owned by the Lee family, is under pressure from the New York based hedge fund Elliott Management. Elliott owns 0.62% of Samsung Electronics. The firm wants Samsung to simplify its complicated ownership structure. It argues that [...]

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European Family Business Diversifying, Internationalising
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By | September 30, 2016|Family Business|

France's Peugeot family, which owns a 14 percent stake in automaker PSA Group, will further diversify its investments and expand outside of France to strengthen its holding company and offset the weight of its shareholding in the car manufacturer founded by Armand Peugeot in 1896. [...]

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Asian Tycoon acquires American Cultural Icon
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By | September 30, 2016|Family Business|

Rolling Stone is an American biweekly magazine that focuses on popular culture. It was founded in San Francisco in 1967 by Jann Wenner, who is still now the magazine’s publisher. His family controls the publication through Wenner Media. Mr. Wenner’s son Gus, who is currently [...]

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Germany changes inheritance tax to protect family business
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By | September 23, 2016|Family Business|

German politicians have agreed to changes in the tax rules for people who inherit companies. Under the new compromise thrashed out by a parliamentary mediation committee, most German company heirs will still be freed from inheritance tax if they keep their business running for at [...]

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Mexican firm braves antitrust laws to eye acquisition of Brazilian rival
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By | September 23, 2016|Family Business|

América Móvil is a Mexican telecommunications corporation that is the fourth largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Telecom, the holding company for América Móvil, was incorporated in 2000 by Carlos Slim. It [...]

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Founding family reasserts itself in troubled times
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By | September 23, 2016|Family Business|

A.P. Moller–Maersk Group, also known as Maersk, is a Danish business conglomerate based in Copenhagen, Denmark, with subsidiaries and offices in more than 135 countries worldwide and around 89,000 employees. It has been the largest container ship operator and supply vessel operator in the world [...]

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Breaking the third generation jinx through growth and innovation
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By | September 16, 2016|Family Business|

Sing Lun Holdings was started by Lee Chee Hung, a Chinese immigrant in Singapore in 1951 as an importer, exporter and wholesaler of textiles. His son, Patrick Lee, moved the company upstream towards apparel manufacturing. The first apparel factory was set up in Singapore in [...]

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Canadian food conglomerate passes into fourth generation
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By | September 16, 2016|Family Business|

George Weston Ltd is Canada's largest food processing and distribution company. Founded by George Weston in 1882, the company today consists of Weston Foods, a wholly owned subsidiary, and Loblaw Companies Limited, the country's largest supermarket retailer, in which it maintains controlling interest. The company [...]

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Succession problems facing China
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By | September 7, 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 7, 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 29, 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 29, 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 29, 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 19, 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 16, 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 16, 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 5, 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 5, 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 29, 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 25, 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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Murdoch Brothers Face Toughest Challenge since Succession
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By | July 25, 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 19, 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 19, 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 8, 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 8, 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 8, 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 1, 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 24, 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 17, 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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