Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.
NEWS & ANALYSIS
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The family behind French fashion house Sonia Rykiel is in talks to sell a majority stake in the family business to Fung Brands, the investment arm of Chinese billionaire brothers Victor and William Fung.
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Defining who is actually a family member is often a minefield – is it just blood relatives or does it also include in-laws? The definition has long since been debated but to no avail. However, this could be about to change as a US regulatory body has attempted to answer the age-old question of what defines a family member.
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Relinquishing control can often be difficult for company founders, but one Indian family business head is currently in the process of ensuring succession at his firm goes well.
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Jerry Throgmartin, who was the executive chairman of electronic appliance family business HH Gregg, died on Sunday, 22 January at the age of 57.
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Investment
In the American comedy series Curb Your Enthusiasm, Larry David greets pieces of obvious information that reflect badly on him by throwing up his arms and crying: “Who knew?” In truth Larry David always did know, of course.
Single family offices in Europe and the US anticipated the financial crisis, and were well prepared to ride out the worst period of 2008.
Family Office
The US Securities and Exchange Commission has published a list of questions and answers to help family offices understand if and how they could be affected by the Dodd-Frank Act.
Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.
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