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next gen

February 22, 2012

Family businesses in China might not be as old as their western counterparts – Chinese family firms are just nine years old on average – but there is plenty of opportunity for next-gens to learn from founding family members.

Family businesses in China might not be as old as their western counterparts – Chinese family firms are just nine years old on average – but there is plenty of opportunity for next-gens to learn from founding family members.

Tony Gao Hao, director of executive education at Tsinghua Alumni Association, part of the Tsinghua University, reckons that despite numerous challenges in the Asian country, family businesses in China are powering ahead.

February 6, 2012

Jayanti Chauhan, daughter of the founder of bottled water-maker Bisleri, has rejoined the Indian family business more than a year after she quit.

Jayanti Chauhan, daughter of the founder of bottled water-maker Bisleri, has rejoined the Indian family business more than a year after she quit.

The 27-year-old is being groomed by her father, Ramesh, to eventually take the helm of the family-run water business, according to a report in the Economic Times, a local newspaper.

When contacted, a spokeswoman for the company wasn’t available to comment.

February 1, 2012

The gender of next-gens is more important than birth order or financial needs to many wealthy parents who are faced with deciding who will inherit the family business.

The gender of next-gens is more important than birth order or financial needs to many wealthy parents who are faced with deciding who will inherit the family business.

That’s according to a study by Barclays Wealth, which found that gender was ranked as even more important than the child’s willingness to take over a business.

January 9, 2012

Davisco Foods International, the cheese and food company owned by the Davis family, has named third-generation Jon Davis as president and chief executive of the family business.

Davisco Foods International, the cheese and food company owned by the Davis family, has named third-generation Jon Davis as president and chief executive of the family business.

Jon, the former chief operating officer of Davisco, will follow in the footsteps of his father Mark and grandfather Stanley, who also previously served as CEOs of the company. Mark is currently chairman of the Minnesota-based family-run firm, while Stanley founded the family business in 1943 by purchasing St Peter Creamery.

November 22, 2011

Next-generation members need to show an understanding of the value of money if they are to gain their parents’ trust and inherit their family’s fortune, according to Barclays Wealth’s Catherine Grum.

Next-generation members need to show an understanding of the value of money if they are to gain their parents’ trust and inherit their family’s fortune, according to Barclays Wealth’s Catherine Grum.

November 17, 2011

Family-owned supermarket chain Giant Eagle has appointed fourth-generation Laura Shapira Karet as chief executive, as the company looks to expand operations to more parts of the US.

Family-owned supermarket chain Giant Eagle has appointed fourth-generation Laura Shapira Karet as chief executive, as the company looks to expand operations to more parts of the US.

Karet, who was so far the chief strategy officer and senior executive vice president, will be succeeding her father David Shapira to the role, who will step down to become executive chairman of the Pennsylvania-based grocery business.

September 26, 2011

London socialite Chloe Green is hoping to lead her father Sir Philip Green’s fashion company Arcadia with her brother in the future. 

London socialite Chloe Green is hoping to lead her father Sir Philip Green’s fashion company Arcadia with her brother in the future.

Speaking to The Daily Mail, the star of reality TV show Made In Chelsea said she hopes to be involved with running the creative side of Arcadia, which owns high street shops such as Topshop, Miss Selfridge, Evans, Wallis and Dorothy Perkins.

September 1, 2011

Is a degree key to success or are family members better off jumping straight into the business? For some, like Sir Anthony Bamford, the billionaire chairman at JCB, joining the family business was the preferred option.  

Every August, British newspapers are full of pictures of smiling young people, jumping for joy with hands clutched around a piece of paper.

In the accompanying articles, the students, who’ve just received their A-level results - the final set of secondary education exams in the UK - outline their plans for the future. “It’s medicine at Durham University for me”, or “I’m doing law at Oxford”, they say, setting out on the same career path as their parents, or carving out their own niche.

August 24, 2011

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

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