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Joachim Schwass

June 14, 2011

The high valuation of family-controlled Prada has caused concern about its management, with analysts worrying that the value cannot be sustained in the future due to the family’s lack of a clear succession plan. 

The high valuation of family-controlled Prada has caused concern about its management, with analysts worrying that the value cannot be sustained in the future due to the family’s lack of a clear succession plan. 

The fashion giant’s planned initial public offering values the company at over $15 billion according to a statement by Prada. The listing will see the family’s stake – controlled by the husband-wife team of Patrizio Bertelli and Miuccia Prada – fall to 80% from the current 95% owned through family holdings.

August 26, 2010

Selwyn Parker analyses why institutional investors are starting to appreciate the family business ownership model

Until the global financial crisis overturned the prevailing wisdom of institutional investors, the UK family-controlled brewer and pub owner Fuller, Smith & Turner was considered almost an anachronism in a highly-leveraged world. Listed on the London Stock Exchange, the firm had such low borrowing levels that it was shunned by most analysts and big investors in favour of much more highly-geared rivals who had not, in the phrase of the period, "tied up capital in the business".

August 11, 2010

Times are better for family businesses. Those reporting their first half results are notching up much-improved profits after the dark days of 2009, when many were losing money

Times are better for family businesses.
 
Those reporting their first half results are notching up much-improved profits after the dark days of 2009, when many were losing money. But few think a return to profits mean the good times are here to stay.
 
Recovery for family-controlled businesses has touched most sectors. Businesses in the retail, manufacturing, media and food and drink sectors are seeing strong rebounds.
 

July 30, 2009

The very public dispute between the Porsche family, owners of Porsche, and the Piech family, who control Volkswagen, may soon be coming to an end, in business terms at least.

The very public dispute between the Porsche family, owners of Porsche, and the Piech family, who control Volkswagen, may soon be coming to an end, in business terms at least. An announcement made by Porsche yesterday stated that the two companies are "in advanced talks" over the disposal of the cash settled options used by Porsche to build up a stake in VW. This is the clearest sign yet that a merger is finally coming to fruition.

July 1, 2004

A spate of international financial scandals has forced governments to crack down on corporations, bringing corporate governance to the fore. But are the recommended steps to improve corporate behaviour fully applicable to family firms?

Hywel Lewis is a freelance financial journalist specialising in family business.

A spate of international financial scandals has forced governments to crack down on corporations, bringing corporate governance to the fore. But are the recommended steps to improve corporate behaviour fully applicable to family firms?

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