European Family Business Diversifying, Internationalising

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. As per company sources, the diversification in the portfolio of [...]

Asian Tycoon acquires American Cultural Icon

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 the head of digital for Wenner Media, is speculated to [...]

Germany changes inheritance tax to protect family business

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 least seven years, and protect jobs and wages. But the [...]

Mexican firm braves antitrust laws to eye acquisition of Brazilian rival

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 subsequently bought stakes in cellular companies across Latin America and [...]

Founding family reasserts itself in troubled times

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 since 1996. The company was founded by Captain Peter Mærsk-Møller [...]

Breaking the third generation jinx through growth and innovation

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 1969. Soon the company secured apparel manufacturing contracts from Europe [...]

Canadian food conglomerate passes into fourth generation

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 is still controlled by the Weston family. In a recent [...]

Succession problems facing China

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 generation. The founder generation is split in China between older [...]

250 year old family firm continues to reinvent itself

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, as well as high-end writing instruments and luxury leather goods. [...]

Succession at French conglomerate

By | September 7, 2016|Family Business|

Bouygues SA is a French conglomerate that specialises in construction, real estate development, media, and telecommunications. The company was founded in 1952 by Francis Bouygues and since 1989 has been led by his son Martin Bouygues. In 2015 it had over 120,000 employees in 100 countries, generating €32.428 billion in revenue.  The company has been [...]

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