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January 10, 2019

Share, anticipate and plan are the lessons family business founders can learn from Jeanne Augier, the grande dame of French luxury hospitality, who died aged 95 this week without naming an heir to her legendary palatial hotel.

Share, anticipate and plan are the lessons family business founders can learn from Jeanne Augier, the grande dame of French luxury hospitality, who died aged 95 this week without naming an heir to her legendary palatial hotel.

The board of directors and 180 employees of the Negresco Hotel in Nice said they were “extremely sad” to announce the passing of Jeanne Augier, owner and chief executive, on 7 January.

December 20, 2018

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

The world's second-largest wine and spirits group has came under fire from US billionaire Paul Singer’s Elliott, which has built up a stake worth about €1 billion ($1.13 billion) equivalent to about a 2.5% stake in the company controlled by the third generation Ricard family

July 23, 2018

Serving two masters can be a recipe for disaster, yet many large family businesses operate successful two board systems which separate the daily management from a supervisory board with a broader mandate. Is a supervisory board right for your family business? Or is the added level of decision-making a hindrance? Daniel Bardsley reports

Serving two masters can be a recipe for disaster, yet many large family businesses operate successful two board systems which separate the daily management from a supervisory board with a broader mandate. Is a supervisory board right for your family business? Or is the added level of decision-making a hindrance? Daniel Bardsley reports

Last year BMW sold more than 2 million vehicles under its own brand name, a record performance—even if it was not enough to catch arch-rival Mercedes-Benz.

July 6, 2018

The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.

The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.

Idemitsu Kosan, Japan’s second-largest oil wholesaler, is controlled by the founding Idemitsu family. Discussions have resumed with the country’s fourth-ranked rival refiner Showa Shell Sekiyu for a “business integration to enhance the corporate value of both companies,” Idemitsu Kosan said.

March 28, 2018

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

July 20, 2010

John B Fairfax, board member of the family-controlled media company, announced yesterday he will not stand for re-election at the next Fairfax Media AGM.

John B Fairfax, board member of the family-controlled media company, announced yesterday he will not stand for re-election at the next Fairfax Media AGM.

His announcement means the founding family will have only one representative on the company's board, John's son Nicholas Fairfax.

May 12, 2010

In recent years, many family-owned or controlled companies have done well preparing their late boomers or gen-Xers to pay a leadership role in the family business through planning, education and work, write Dennis Jaffe and Keith Whitaker

In recent years, many family-owned or controlled companies have done well preparing their late boomers or gen-Xers to play a leadership role in the family business through planning, education and work, write Dennis Jaffe and Keith Whitaker.

April 19, 2010

Porsche AG, the family-controlled luxury carmaker, has unanimously re-elected Dr Wolfgang Porsche as chairman of the supervisory board, but said goodbye to another family member.

Porsche AG, the family-controlled luxury carmaker, has unanimously re-elected Dr Wolfgang Porsche as chairman of the supervisory board, but said goodbye to another family member.

March 12, 2010

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company’s board.

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company's board.
 
The promotion of the 39-year-old was approved by shareholders today and increases speculation that Chung Eui-Sun will succeed his father, Hyundai's 71-year-old chairman Chung Mong-Koo, as head of the business.
 

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