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Ownership and Management

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

Family businesses are more nimble and better able to respond to crises than non-family businesses, according to a new academic paper, which uses as a case study the BP oil spill in the Gulf of Mexico in 2010.

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership.

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership. 

A fourth-gen of George Weston Limited, the Canadian branch of the Weston family empire, has been promoted to the role of president at its supermarket subsidary Loblaws.

A fourth-gen of George Weston Limited, the Canadian branch of the Weston family empire, has been promoted to the role of president at its supermarket subsidary Loblaws.

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

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