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October 16, 2013

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

He had headed the family firm for almost 70 years, and still held the post of chief executive at the time of his death.

He had been convalescing following an operation to remove a benign brain tumour, but died of heart failure on Tuesday, in his hometown of Bonn in Germany.

February 1, 2002

Despite changing realities of the new economy, a group of companies – ‘hidden champions’ – has stayed true to its core principles, with business characteristics similar to those of family-run businesses

The media hype associated with the trends of the new economy has shown how modern management principles may come and go. The rise and fall of 'dot-coms'have left many people wondering what future business trends and principles will be. Throughout the good and bad times of the changing realities in the 'new'economy, a group of companies has stayed true to its core principles: the hidden champions. Many of the characteristics of the hidden champions run parallel to those of family-run businesses. In fact, many of the hidden champions are exactly that – family-run.

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