Arnault Family to Take Full Control of Christian Dior in $13bn Deal

By | May 2, 2017|Family Business|

The Arnault family, which controls the French luxury products maker, LVMH Louis Vuitton Moët Hennessy SE, announced a $13bn plan to buy the 25.9% outstanding stake of the fashion firm Christian Dior SE. With this, the Arnault family will take complete control of Christian Dior. The move will also allow LVMH to take full charge [...]

Admit your family business needs help before it’s too late

By | April 25, 2017|Family Business|

In a 2007 article published in the New York Times, author Nora Klaver of May Day! Asking for Help in Times of Need says that asking for help “makes business sense.” Yet, it is rare that small-business owners — especially family owned businesses — will admit that they need help, much less become proactive in [...]

Australia: Family business succession: When to pass control? Watch out for tax and duty traps.

By | April 25, 2017|Family Business|

A common question for family business succession, and particularly for primary production family business, is when control of the business should be passed to the next generation, without risking the valuable assets of the business if something goes wrong. Unfortunately, it is far too common to see the first generation wishing to retain control of [...]

CSR a key element for success at top family businesses

By | April 7, 2017|Family Business|

Fast-growing, mid-sized family businesses around the world have identified corporate social responsibility (CSR) as an important element for their success, according to a joint report by Citi Private Bank and UK-based family business information provider Campden Wealth Research. The report, entitled The Top 50 Global Challengers, released last week (March 30), profiles 50 fast-growing family [...]

The growing interest of innovation at family businesses

By | April 7, 2017|Family Business|

It strikes me that one of the most interesting areas of research around the world of family enterprises today is innovation. There are a number of reasons for this, but, from my perspective, two stand out. One is obvious and involves how family businesses continue to remain innovative even though the original entrepreneur may have [...]

Luxury Family Businesses Hermès and LVMH Buck Downward Market Trend

By | March 30, 2017|Family Business|

Hermès and LVMH announcing record profits for 2016 suggests the French family businesses are resuscitating the moribund $1.1 trillion global luxury market despite ongoing political and economic uncertainty. Hermès Group, the French high fashion clothing and accessories manufacturer and retailer started its 180th anniversary in 2017 on a high note. The group’s consolidated revenues for [...]

Why the 21st Century Will Belong to Family Businesses

By | March 30, 2017|Family Business|

An oft-cited statistic is that only 30% of family businesses make it through the second generation, 10-15% through the third, and 3-5% through the fourth. These are disheartening numbers. But let’s put them in perspective. A study of 25,000 publicly traded companies from 1950 to 2009 found that, on average, they lasted around 15 years, [...]

Four Solutions to Taking Control of Your Family Business

By | March 24, 2017|Family Business|

In business, few things can be as stressful as running a company that’s staffed and managed by a mix of family and non-family employees. The constant juggling of family drama, emotions and entitlements conflicting against the needs of your non-familial staff can quickly contribute to an extremely volatile company culture. Here are four solutions to [...]

Wealthiest in the region prioritize capital growth, succession planning

By | March 24, 2017|Family Business|

Amid a politically uncertain landscape, the main concerns for the world’s and the Kingdom of Saudi Arabia’s (KSA) most affluent people are wealth preservation, capital growth and succession planning, according to Knight Frank’s annual Attitudes Survey, produced exclusively for The Wealth Report. The Survey looks at the most important factors for ultra-high-net-worth individuals (UHNWIs), canvassing [...]

Governance of Family Business

By | March 17, 2017|Family Business|

The concept of corporate governance was invented after the recent economic crisis that led to the bankruptcy of several European and American companies. This new concept is an integrated system based on the construction of three main pillars of direction, control and execution. There lies the need to separate these three pillars from each other, [...]

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