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Australian family businesses

August 28, 2015

New Zealand’s most successful jewellery chain will fall into the hands of the second generation in November, following a vote at the company’s annual shareholders’ meeting.

New Zealand’s most successful jewellery chain will fall into the hands of the second generation in November, following a vote at the company’s annual shareholders’ meeting.

Michael Hill International launched in 1979, with one shop opened in Whangarei, a small city of just 54,000 people, but today has 300 stores across Australia, New Zealand and North America.

The jewellery business, which is now headquartered in Australia, last year had revenues of AU$505.6 million.

July 23, 2015

Wine snobs may wrinkle their noses at the wines produced by Australia’s Casella Family Brands, but the eponymous family behind the business doesn’t mind – their affordable tipples are taking the US by storm. 

A bouncing kangaroo, like that brandished across Yellow Tail wine bottles, might be a stereotypically Australian image, but Casella Family Brands, the company behind it, built its company offshore.

June 19, 2015

The Murdoch family likely had a considerable amount of discussion and debate about the succession of brothers James and Lachlan Murdoch to the helm of 21st Century Fox, a US family business expert says, and did well to keep those discussions contained.

The Murdoch family likely had a considerable amount of discussion and debate about the succession of brothers James and Lachlan Murdoch to the helm of 21st Century Fox, a US family business expert says, and did well to keep those discussions contained.

Earlier this month it was revealed that Rupert Murdoch was standing back as chief executive of the movie and entertainment studio, appointing his sons to top positions within the company, with James becoming chief executive.

June 12, 2015

Rupert Murdoch, the second-gen head of media empires 21st Century Fox and News Corp, has stepped back as chief executive of the former so his son James can step into the spotlight.

Rupert Murdoch, the second-gen head of media empires 21st Century Fox and News Corp, has stepped back as chief executive of the former so his son James can step into the spotlight.

The US media tycoon will remain chairman of both companies. James has been working as co-chief operating officer at the movie studio since last year.

His brother, Lachlan, who was last year appointed non-executive co-chairman of 21st Century Fox, will now be an executive co-chairman. He will move from Sydney to Los Angeles to take up the role.

May 28, 2015

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

The second-gen to a iron ore mining empire, Hancock Prospecting, Rinehart changed the vesting date of the multi-billion dollar Hope Margaret Hancock Trust in 2011 to 2068, just days before it was due to pay out.

April 17, 2015

Shares in family-controlled Australian business Seven Group Holdings dropped over 5% on the news second-gen Ryan Stokes would be taking over as chief executive and managing director in August.

Shares in family-controlled Australian business Seven Group Holdings dropped over 5% on the news second-gen Ryan Stokes would be taking over as chief executive and managing director in August.

Existing non-family executive Don Voelte had been part of the holding group for seven years, and chief executive since 2013, but said he wanted to dedicate more time to his family in the US.

Seven Group has interests in the media, mining and construction industries, and last year had revenues of AU$3.1 billion.

March 18, 2015

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

September 24, 2014

The matriarch of Australian family business Sue Ismiel & Daughters has this week revealed she is considering listing a majority stake in its hair removal subsidiary on the country’s stock exchange. 

The matriarch of Australian family business Sue Ismiel & Daughters has this week revealed she is considering listing a majority stake in its hair removal subsidiary on the country’s stock exchange.

Sue Ismiel started Nad’s in her Sydney home in 1991 to create a more pain-free way to remove unwanted body hair. The business took off when she started marketing her wax-free gel on television infomercials.

June 20, 2014

Multi-billion dollar family-controlled shopping mall chain Westfields has only just gained enough shareholder votes to split the group into two independent companies.

Multi-billion dollar family-controlled shopping mall chain Westfields has only just gained enough shareholder votes to split the group into two independent companies.

Westfield Group currently has 87 properties across Australia, New Zealand, the United States and the United Kingdom, but under the restructure the business’s Australasian assets will merge with the Westfield Retail Trust (WRT) to form the Scentre Group.

The split leaves Westfield Group, controlled by the Lowy family, to focus on its international business.

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