Family Business

Arnault Family Office and Family Business enters Private Equity Partnership
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By | January 14th, 2016|Family Business|

LVMH is a European multinational luxury goods conglomerate, headquartered in Paris, France. It owns a portfolio of luxury brands that includes Louis Vuitton, Dom Perignon and Veuve Clicquot. It is currently owned by the Arnault family and led by the French businessman Bernard Arnault, who [...]

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Families Preferring to sell rather than pass on Business to Next Generation
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By | January 14th, 2016|Family Business|

At one point of time passing on the family business to the next generation was considered important. It involved preservation of the family legacy and heritage. It seems, times are changing and with them the priorities are changing as well. Families are slowly recognizing the [...]

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International Cooperation among Family Businesses
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By | January 14th, 2016|Family Business|

Wanda Group is a Chinese conglomerate and China’s biggest private property developer. It is owned by Chinese billionaire Wang Jianlin, whose other assets include a 20% stake in Spanish football team Atletico Madrid, as well as the Ironman Triathlons. He founded the company in 1988 [...]

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Overcoming Blind Spots in a Family Business
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By | January 7th, 2016|Family Business|

People growing up in a family business environment can often develop blind spots. During the recent Smart Business 2015 Family Business Conference, four family business leaders discussed how to address these blind spots. They came up with the following four suggestions: Seeing the unseen. An [...]

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A Growing Crisis In Chinese Business Families
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By | December 31st, 2015|Family Business|

A proud holder of the coveted Michelin star, the Yung Kee restaurant was once considered among the world’s top 15 restaurants (Fortune Magazine, 1968). However, today it symbolizes the problems faced by Chinese family businesses. In little over a decade after the death of the [...]

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There Is Something About Japanese Family Firms
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By | December 31st, 2015|Family Business|

Anyone interested in family business successions cannot ignore studying Japanese companies. As per a recent study by a South Korean bank, there are 5,586 companies worldwide that have existed for more than 200 years, of which 3,146 are Japanese. As per estimates there are more than [...]

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Indian Business Houses Rethink Overseas Investments
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By | December 31st, 2015|Family Business|

Over the years, Indian companies and family businesses in particular have been active in making overseas direct investments in the hope of getting access to newer and more extensive markets, and better technologies. While some of these cross-border M&A have been successful, many of these [...]

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Italian State Lender to set up Equity Fund for Family Businesses
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By | December 24th, 2015|Family Business|

State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country’s economy. The bank intends to buy minority stakes in promising companies that are seeking to build up [...]

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Philanthropy by Asian families on the Rise, but Quietly
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By | December 24th, 2015|Family Business|

In the US, an individual is entitled to charitable deductions of up to half of his adjusted gross income, provided that the money is donated to government-approved tax-exempt organizations. It is argued that the lack of such ‘tax shield’ mechanisms is one reason why the [...]

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Founder of Family Business Sheds Tears, Defending Daughter’s Appointment to Shareholders
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By | December 18th, 2015|Family Business|

Michael Hill International, a jewelry business, launched in 1979 with one shop, today has 300 stores across Australia, New Zealand and North America. It is headquartered in Australia and last year had revenues of AU$505.6 million. The Hill family owns 53% of the shares. Recently [...]

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New Generation of Asian Entrepreneurs are in Business for the Long Haul
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By | December 9th, 2015|Family Business|

According to a new research titled ‘Essence of Enterprise report’ conducted by HSBC and Scorpio Research, entrepreneurs in Asia are more likely to take a long-term approach to their enterprise compared to their western counterparts. The report surveyed 2800 entrepreneurs with a net worth of [...]

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Chinese Heirs Reluctant to join Family Business
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By | December 9th, 2015|Family Business|

An important aspect of succession planning in any family business is the manner in which the next generation is gradually introduced into the business. However alarmingly, a recent study by Peking University has shown that eighty percent of potential Chinese heirs are reluctant to follow [...]

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Oldest Surviving Family Business in UK
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By | December 9th, 2015|Family Business|

Professor William O’Hara, in his book ‘Centuries of Success’, asked: “Is there any institution more enduring or universal than a family business?” He himself answered this rhetorical question by stating: “Before the multinational corporation, there was family business. Before the Industrial Revolution, there was family [...]

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The Top 250 Multinational Family Firms
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By | December 4th, 2015|Family Business|

The Family Business Chair of the University of Seville (Spain), sponsored by Banco Santander, has recently come out with a ranking of the top 250 Multinational Family Firms. Firms that were included in the study had the following characteristics: A) One or more families exercise [...]

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The Utility of Family Business Advisory Boards
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By | November 27th, 2015|Family Business|

Family businesses use advisory boards as a means for the family to go beyond its inner circle and tap into more diverse experience and expertise. While many family businesses have advisory boards, most of them are not very helpful. It appears that this is a [...]

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The World’s Biggest Family-Run Companies
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By | November 27th, 2015|Family Business|

Recently, the Center for Family Business at the University of St. Gallen, Switzerland, compiled a list of the 500 largest family-run businesses. The list provides impressive evidence of the economic power and relevance of family firms across the world. The index is compiled by the [...]

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Succession Plan Vital for all Businesses Irrespective of Size
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By | November 20th, 2015|Family Business|

In a recent article published in the Silicon Valley Business Journal, Jody Meacham, argues that most family business owners don’t have a succession plan in place. The reasons he says are varied and quite personal: “Many owners feel they’re never going to stop working, they’re [...]

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The Succession Challenge in Middle East business families
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By | November 20th, 2015|Family Business|

Family businesses account for about eighty percent of non-oil GDP within the Middle East region, according to Deloitte Consultancy. Ninety-five per cent of all companies in the region are family owned. Family businesses are not just the backbone of these economies; they also represent an [...]

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Hiring Talent is main Challenge for Asian Family Businesses
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By | November 17th, 2015|Family Business|

As per the results of a recent survey conducted by United Overseas Bank (UOB) in collaboration with Singapore Management University's Business Families Institute (BFI@SMU), most Asian family businesses see talent recruitment and development as the main challenge to securing long-term success. A total of 192 [...]

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Importance of Corporate Governance in Family Business
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By | November 13th, 2015|Family Business|

At the recently concluded Family Business Conclave organized by the ISB in Mumbai, several fund managers remarked that family businesses make for easy, stable and resilient investments. However, they also cautioned that funds are wary of investing in companies run by second-generation family owners. Funds [...]

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Time to Document Indian Value System behind Family Businesses
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By | November 5th, 2015|Family Business|

At a recent book launch President Pranab Mukherjee remarked that family and business have been interconnected for a long time. Echoing a similar thought, in a recent article on how Indian business families were adopting the Hindu Undivided Family (HUF) structure, Professor Kavil Ramachandran commented [...]

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Indian Family Businesses Investing in Technological Start-Ups
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By | October 28th, 2015|Family Business|

Over the last year, Reliance Industries has backed more than 40 startups such as Covascis, Ecorithim and Videonetics through GenNext Ventures, the venture capital arm of Reliance Industries, which has a war chest of Rs 200 crore. They have an ongoing four month acceleration program [...]

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