National — a family business where ‘time and truth travel together’

By | February 23rd, 2017|Family Business|

Lynda Smith Swann is the president and owner of National Wholesale, a women’s apparel business, started in 1952, which is now celebrating its 65th year of business. Although Lynda grew up at National, she went into counseling after receiving her undergraduate in psychology and her master’s in education from the University of North Carolina. From [...]

Six Key Issues Millennials Should Consider Before Diving Into a Family Business

By | February 22nd, 2017|Family Business|

Joining a family business isn’t for everyone. It’s a risky decision that needs a lot of careful consideration. You might build a successful dynasty that grows into a Fortune 500 company, with generations of family continuing to lead the business. Or, like the vast majority of family businesses in the U.S., your business might not [...]

The Wallenbergs: where money meets Swedish science

By | February 22nd, 2017|Family Business|

The Wallenberg family’s main philanthropic vehicle, the Knut and Alice Wallenberg foundation (KAW), which celebrated its 100th anniversary this year, is the second-biggest backer of basic scientific research in Europe, having distributed SKr24bn or $2.7bn in its lifetime. As much as the foundation has done for science in Europe, and specifically in Sweden where it [...]

Ping’s new president John K. Solheim talks about leading his family’s business

By | February 13th, 2017|Family Business|

Since the company's inception in 1959, Ping has been a family-run business. The recent elevation of John K. Solheim, the oldest son of Ping chairman and CEO John A. Solheim, and grandson of company founder Karsten Solheim, to the next president of Ping maintains that continuity for the foreseeable future. John K. - who served [...]

Lee Family Business is in Full Swing

By | February 13th, 2017|Family Business|

Just like in any sport, gymnasts need a place to train. However, these places require a monthly payment for training, competing and much more. For MaJe Lee, University of Utah gymnast Kari Lee’s mother, instead of writing that check every month for her five kids, it made more sense just to run a gym herself. [...]

Family Firms Are More Innovative Than Other Companies

By | January 27th, 2017|Family Business|

Family firms aren’t typically thought of as particularly innovative. More often, they’re viewed as risk averse, traditional, and stagnant. However, many family-owned businesses are among the most innovative in their industries. Consider Herr’s Potato Chips and Enterprise Rent-A-Car. There are countless other examples of family firms that have brought innovations to market. We wanted to [...]

100-Year-Old Founder of Cross Insurance Remains Committed to Family Business

By | January 27th, 2017|Family Business|

Shortly after Woodrow Cross founded Cross Insurance out of his family’s home in Bangor, Maine, in 1954, he sold his first insurance policy for just seven dollars. More than 60 years and nearly 115 agency acquisitions later, with roughly 800 employees and offices throughout New England, Cross remains as dedicated to the agency as he [...]

Sugar Bowl owner reflects on nearly 100 years of family business

By | January 20th, 2017|Family Business|

Gaylord’s oldest restaurant and one of the city’s most iconic businesses is temporarily closed after longtime owner Bob Doumas sold the Sugar Bowl and retired. As of 2 p.m. Sunday, Jan. 15, the Sugar Bowl, located at 216 W. Main St., closed. It has been sold to a new organization. “It’s bittersweet,” said Doumas, 86. [...]

Global Family Office Report 2016 Key Findings – Impact Investing

By | January 20th, 2017|Family Business|

According to legend, The Rockefeller Foundation coined the term ‘impact investing’ in 2007, putting a name to investments made with the intention of generating both financial return and social/environmental impact. Has the concept reached maturity nearly a decade later? Family offices around the world are far more active in impact investing than originally thought, with [...]

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