Succession
Boomers are retiring in droves. Generation X is not far behind. Millennials are taking charge of family fortunes. Now what?
French industrialist Serge Dassault dies, JAB Holding adds Pret to portfolio, and Jack Daniels maker Brown-Forman appoints second successive non-family CEO
LG Group chairman dies, prominent Swedish families back ‘creative Davos’, LVMH-backed fund buys into Indian retailer
Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman at its AGM on 21 May.
Death is a sensitive topic in all cultures, but especially in predominantly Chinese societies. Despite this wariness, it is a topic I have broached with family members in several ways over the past year with revealing results.
Ghazi Abu Nahl, insurance magnate, philanthropist, and father-of-five, shows few signs of slowing down. Despite turning 72 this year, his schedule sees him in a new city virtually every week. So how did a former refugee, who describes his ideal day as being at home with his wife and children, build a global business empire with more than $5 billion in assets? Alexandra Newlove reports
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