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April 16, 2019

Merck had been able to continually anticipate changes in the macro-environment and adapt itself

There are several things that family businesses can learn from the history of Merck.

Cohesion and continuity are the benefits of adherence to family values and tradition. Merck values of hard work, empathy, and striving for excellence were imbibed and inculcated across generations mainly through practice.

April 15, 2019

A trio of international family business academics reveal how a modest German pharmacy has evolved into a successful 12-generation dynasty complete with its own family university

A remarkable 350 years of steady growth and transformation—that’s what the German pharmaceuticals and chemicals company Merck has achieved since it opened its first pharmacy in Darmstadt, near Frankfurt, in 1668.

April 12, 2019

The “Core Characteristics of Impact Investing” have been unveiled to help family offices interested in creating positive change navigate the growing $502 billion impact market.

The “Core Characteristics of Impact Investing” have been unveiled to help family offices interested in creating positive change navigate the growing $502 billion impact market.

Intentionality, Evidence-Based Investment Design, Impact Management and Contribution to Industry Growth were declared as the core characteristics to provide reference points and practical actions to establish the baseline expectations for impact investing.

April 11, 2019

Sodexo acquires The Good Care Group; Cho Yang-ho, Korean Air chairman, dies age 70; and family businesses rank on Global RepTrak 100.

Sodexo acquires The Good Care Group

Sodexo, the French food services and facilities management conglomerate controlled by the Bellon family, has expanded its UK home care business by buying The Good Care Group (GCG)—a leading player in the UK live-in care market.

The GCG, founded in 2009, provides tailored live-in care services to customers who need physical help to live independently or have complex care needs.

April 10, 2019

Growth, innovation, and preservation—the three key themes that drove conversation, networking and thought-leadership at Campden’s 12th Americas Families in Business Conference in Miami last week.

Growth, innovation, and preservation—the three key themes that drove conversation, networking and thought-leadership at Campden’s 12th Americas Families in Business Conference in Miami last week.

More than 100 family members and the executives of their enterprises joined peers, experts and thought-leaders as we discussed what will help propel their businesses forward for the moment and years to come.

April 8, 2019

Dame Stephanie Shirley brought the same trailblazing zeal to philanthropy over the past quarter century as she did as an IT industry pioneer. She tells James Beech what she learned from starting and finishing charitable giving

How a philanthropist ends their legacy is just as important as how they start it. Just ask Dame Stephanie “Steve” Shirley CH, who at 85 and after decades of venture philanthropy is spending out her charitable Shirley Foundation while ensuring the good work continues.

April 4, 2019

Lego heir steps down to make way for the next generation, Ferrero to buy Kellogg’s brands in $1.3 billion deal, and JD Sports to acquire Footasylum in £90 million deal.

Lego heir steps down for fourth-gen son to step up

Kjeld Kirk Kristiansen, former chief executive of Danish toymaker Lego Group and grandson of founder Ole Kirk Kristiansen, is stepping down from the board to make way for the next generation.

Kristiansen (pictured), 71, announced he would quit Lego’s board next month in line with the company’s succession plan, leaving his son, Thomas, as deputy chairman. Thomas is the fourth generation to lead the company.

April 3, 2019

Sustainable investment assets have rocketed by more than a third in value in two years to $30 trillion worldwide, according to the new Global Sustainable Investment Review out this week.

Sustainable investment assets have rocketed by more than a third in value in two years to $30 trillion worldwide, according to the new Global Sustainable Investment Review out this week.

Japan, followed by Australia-New Zealand and Canada powered growth the most while Europe, the United States and Japan had the highest value of sustainable investing assets.

April 2, 2019

The landed estate operates as a distinct breed of family office, and with this comes a unique set of challenges and opportunities, with landed ultra-high net worth (UHNW) individuals contending with the weight of family expectations, stewardship obligations, tradition and long-standing commitments to the surrounding community.

The landed estate operates as a distinct breed of family office, and with this comes a unique set of challenges and opportunities, with landed ultra-high net worth (UHNW) individuals contending with the weight of family expectations, stewardship obligations, tradition and long-standing commitments to the surrounding community.

Family offices are finding that the most effective way to navigate competing objectives is looking to consolidate and focus on areas of inherent value—often property, land and development potential.

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