Nemer Kaleel arrived at Ellis Island from his native Lebanon in 1905, with nothing but his dreams. The 17-year-old Nemer left Beirut on a cattle boat and eventually settled in Spring Valley. He scraped up enough money to buy a horse and buggy, and the framework of a family business was born – Kaleel’s Country [...]
Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Fieges’ road to success has been paved with their unerring work ethic, smart business decisions, and wise succession planning. In just five generations, the business went [...]
W Carter & Son has been in the same premises since the business was established nearly 200 years ago. Brian Holmes inherited the company with his brother Tad when their father died in the 1950s. “Apart from carpets and paint, the shop interior is the same as it always has been,” says Paulette Newman, Brian [...]
Louis Gelder moved from Chicago to Millburg, Mich., near Benton Harbor, bought a hardware store, changed its name and started making high-end leather harnesses for wagons and buggies along with selling hardware and household products in 1910. Business was good through the decades as Louis reacted to trends, such as adding the production of barrels [...]
Donald Trump is President-elect of the United States of America. He brings with him potential conflicts of interest across all areas of government that are unprecedented in American history. It will be interesting to observe how the Trump administration manages these conflicts of interests, even as more and more business families enter politics. Trump, has [...]
JAB Holding is the investment vehicle of Germany’s Reimann family, one of Europe’s wealthiest business families. JAB Holdings is controlled by the second generation of Germany’s Reimann family: Renate Reimann-Haas, Wolfgang Reimann, Stefan Reimann-Andersen, and Matthias Reimann-Andersen. Forbes has estimated that these four family members who control JAB Holding have a combined wealth of more [...]
As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest challenge for the next 12 months. As a result, Chinese and Hong Kong family businesses are now more cautious, with 65 per [...]
Hancock Prospecting is an Australian mineral exploration and extraction, privately owned, company that holds the rights to some of world's largest iron ore deposit. Gina Rinehart is chairman of Hancock Prospecting, a company founded by her father Lang Hancock. Rinehart has inherited 76.6% of the company with the remaining 23.4% constituting the Hope Margaret Hancock [...]