With No Successor for the Family Business, What Should Retiring Baby Boomers Do?

By | May 26, 2017|Family Business|

Imagine a mom and dad at the age of 67 who own a small, but profitable bed and breakfast in New Hampshire. They want to retire soon, but their two kids aren’t interested in taking over the family business. What do they do? As the baby boomer generation reaches retirement age, this is a question [...]

Forbes Middle East Unveils the Top Indian Business Leaders 2017

By | May 19, 2017|Family Business|

The business magazine Forbes-Middle East released the 2017 rankings for the top 100 Indian business owners in the Gulf region. The 61 year old retail magnate, Yusuff Ali M.A., Managing Director of Lulu Group International, came at the top of the list. Yusuff Ali hails from Thrissur, Kerala and his group operates 133 hypermarkets and [...]

Bollore makes first step to merge Vivendi and Havas with 2.4 billion euro deal

By | May 19, 2017|Family Business|

The French tycoon, Vincent Bollore, aims to merge the media giant Vivendi and advertising firm Havas, the two groups that his family conglomerate controls. As per the merger plan, Vivendi offers to buy Group Bollore's 60 percent stake in Havas at a price of 9.25 Euros per share, in a 2.4 billion Euro deal. After [...]

Kushner Properties Markets New Jersey Project to Rich Chinese

By | May 12, 2017|Family Business|

Nicole Kushner Meyer, the next generation member of the Kushner properties group, invited rich Chinese investors to make investments in the group's luxury apartment complex Kushner 1, in New Jersey. She gave presentations to rich Chinese citizens and urged them to invest USD 500,000 in the US to obtain the EB-5 immigrant investor visa. The [...]

Nisaba Godrej elevated as Godrej Consumer’s Chairperson

By | May 12, 2017|Family Business|

The 120 year old, Mumbai based Godrej Group's flagship company Godrej Consumer Products Limited (GCPL) gets a new Chairman. The company has appointed Nisaba Godrej, Chairman Adi Godrej's younger daughter as its executive chairman. According to the succession plan, the 75 years old patriarch, Adi Godrej becomes the company's Chairman Emeritus. In February, 2017 a [...]

Huntsman family and Koch foundation give $50 million Gift to Utah State University’s Business School

By | May 12, 2017|Family Business|

Two family foundations are to gift USD 25mn each to the business school of the Utah State University. The gift from the Huntsman Foundation and Charles Koch Foundation will help the school expand its faculty and increase its student scholarship offers. The money will be paid over a period of ten years, said Doug Anderson, [...]

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