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September 28, 2011

The challenges facing family businesses not only differ between emerging and western markets, but even within each of these markets, according to a family business expert. 

The challenges facing family businesses not only differ between emerging and western markets, but even within each of these markets, according to a family business expert.

Jörg Ritter, co-head of the family business advisory division of executive search firm Egon Zehnder International, said that despite operating in similar developed markets, family businesses in Europe and the US have to deal with very different issues that affect their success.

August 23, 2011

The families behind carmakers Ford and Toyota are teaming up to develop fuel-efficient hybrid vehicles, as the companies aim to increase their presence in the growing green-vehicle market.

The families behind carmakers Ford and Toyota are teaming up to develop fuel-efficient hybrid vehicles, as the companies aim to increase their presence in the growing green-vehicle market.

A joint statement released by the American and Japanese automobile manufacturers said that a memorandum of understanding has been signed between the two companies, aimed at pooling together technology and know-how to co-develop a hybrid system for trucks and SUVs.

May 20, 2011

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

The survey, which questioned around 100 UK-based UHNW clients of the bank, revealed that around half of them give over 5% of their wealth to charity, while three-quarters give regularly to charitable causes.

May 17, 2011

Family businesses in the US will make a significant contribution to the country’s economic recovery, according to the latest survey by Family Enterprise USA.

Family businesses in the US will make a significant contribution to the country’s economic recovery, according to the latest survey by Family Enterprise USA.

The survey, which questioned around 190 family businesses in the US, revealed that companies plan to add employees or retain their current staff numbers despite an overall sluggish recovery.

According to the survey, 52% of respondents will add more staff while 42% of businesses intend to maintain their workforce over the next 12 months.

February 23, 2011

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

In a statement, the Arkansas-based retailer said that revenues rose by 2.5% to $115.6 billion while its profits increased by 27% for the fourth quarter. This rise was attributed to the company’s strong operations of Walmart International and Sam’s Club, while emerging markets too had seen a boost with every country contributing to an increase in sales.

January 4, 2011

A $2 billion-plus lawsuit filed against family-controlled automobile giant Porsche was dismissed by a US federal judge on 30 December 2010.

A $2 billion-plus lawsuit filed against family-controlled automobile giant Porsche was dismissed by a US federal judge on 30 December 2010.

Porsche was being sued by 39 hedge funds for lying over its intentions towards Volkswagen. Specifically, they claimed Porsche disguised its intentions to takeover VW at the end of 2008.

July 16, 2010

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years.

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years. 

June 17, 2010

Edward A Fish, the founder of family-owned construction conglomerate EA Fish Companies, has died at the age of 77.

Edward A Fish, the founder of family-owned construction conglomerate EA Fish Companies, has died at the age of 77.
 
The Boston-based business leader and philanthropist served as chairman of EA Fish until his death on Tuesday. Fish was known for his commitment to creating affordable housing alongside the commercial construction projects the business also ran.
 

April 30, 2010

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

When third-generation Akio Toyoda took the helm at the world's largest automaker in June 2009, he knew he was in for a tough ride. The world was in the grips of recession, the car industry was on its knees and Toyota had just posted its first annual loss in 59 years. It hasn't got any easier.

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