Succession Woes In Australia

By | April 8, 2016|Family Business|

Australia, in particular Victoria and South Australia, has a relatively high proportion of family businesses in the third generation and beyond who seem unprepared to face transition and exit. As per a recent survey conducted by KPMG and the University of Adelaide, family businesses in Australia appear to be ill prepared for exit/ succession. 76% [...]

Unceremonious Exit For Founder Of Korean Chaebol

By | April 8, 2016|Family Business|

The Lotte group was established in 1948 by Shin Kyuk-Ho in Tokyo as a snack maker. He later expanded to South Korea in 1967, and went on to become the country’s fifth largest business conglomerate. Today it consists of over 80 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, [...]

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