Chinese Firm acquires another German Family Business

By | July 8, 2016|Family Business|

Kuka AG is a German manufacturer of industrial robots and solutions for factory automation. The company was founded in 1898 in Augsburg, Germany, by Johann Josef Keller and Jacob Knappich. In 2014 Voith GmBH, one of the largest family owned businesses in Europe acquired 25.1 percent stake of Kuka. Now barely two years later, Voith [...]

The Impending Collapse of a Family Business

By | July 8, 2016|Family Business|

The Al Jaber Group is a family owned business based in Abu Dhabi, with interests spanning construction, engineering and shipping. It was established in 1970 by Obaid Khaleefa Al Jaber Al Marri, and today employs over 55,000 employees. The group borrowed extensively at the end of the last decade to expand operations, only to be [...]

Family Business Changes with Time and Trend

By | July 1, 2016|Family Business|

Readers Fine Jewelers was established more than seven decades ago in Santa Monica, California. It was acquired by Eddie Guerboian, a fifth generation jeweler in 1983. His son, Avedis “Avo” Guerboian, recently joined the business to become the sixth-generation jeweler. The store went on to become Santa Monica’s largest family-owned jewelry store and underwent an [...]

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