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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.

October 10, 2018

Succession planning among family offices worldwide is moving at a glacial pace despite families standing on the precipice of a huge transfer of wealth, the new Global Family Office Report warns.

Succession planning among family offices worldwide is moving at a glacial pace despite families standing on the precipice of a huge transfer of wealth, the new Global Family Office Report warns.

December 8, 2017

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

The 82-year-old co-founder of iconic Italian fashion retailer Benetton has taken over control of the family business from non-family executives as it struggles with mounting losses. 

In 1965 Luciano Benetton (pictured) established the company with his three siblings that became famous for colourful knitwear and provocative advertising campaigns in the 1980s and 1990s.

He served as Benetton's chairman from 1978 to 2012.

August 6, 2010

Hugh Hefner’s efforts to take full control of Playboy Enterprises Inc were buoyed by the latest results of the Chicago-based publishing company.

Hugh Hefner's efforts to take full control of Playboy Enterprises Inc were buoyed by the latest results of the Chicago-based publishing company.

Although revenues at Playboy dropped from $62 million for Q2 2009 to $56 million for the same period this year, net losses shrunk to $5.4 million from $8.7 million in 2009. The company's improved financial position was helped by the closing of the New York office and job cuts.

July 19, 2010

Friend Finder Networks has made a $210 million bid for family-controlled Playboy Enterprises Inc, which allows the company’s founder, octogenarian High Hefner, to retain a level of control.

Friend Finder Networks has made a $210 million bid for family-controlled Playboy Enterprises Inc, which allows the company's founder, octogenarian High Hefner, to retain a level of control. 

In an acknowledgement of the importance of the founding family to the Playboy brand, the offer includes a clause that allows Hugh Hefner to retain editorial control at the magazine and remain in the famous Playboy Mansion. 

July 13, 2010

Hugh M Hefner, the founder of the iconic Playboy brand, yesterday made a bid for the remaining shares in Playboy Enterprises Inc he does not already own in a bid to take the company private.

Hugh M Hefner, the founder of the iconic Playboy brand, yesterday made a bid for the remaining shares in Playboy Enterprises Inc he does not already own in a bid to take the company private.

In a proposal letter to the Playboy board, Hefner offered $5.50 per share in cash to acquire all outstanding Class A and Class B common stock, valuing the company at $185 million. He plans to partner with Traverse Management LLC to finance the deal.

January 15, 2010

Marcy Syms, second-generation CEO of the discount retail chain SYMS Corp, has been made chairman of the group, a role previously held by her father.

Marcy Syms, second-generation CEO of the discount retail chain SYMS Corp, has been made chairman of the group, a role previously held by her father.

Sy Syms, company founder, died in November 2009 at the age of 83. (Click here to read our coverage of the story) Marcy has served as company president since 1983 and succeeded her father as CEO in 1998.

November 18, 2009

Sy Syms, founder of the family-controlled discount retailer SYMS Corp, died on Tuesday of heart failure.

Sy Syms, founder of the family-controlled discount retailer SYMS Corp, died on Tuesday of heart failure.
 

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