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Succession

July 1, 2014

A UK family business expert has called into question findings from a Barclays survey that claims to shed light on relatives' relationships in a family business.

A UK family business expert has called into question findings from a Barclays survey that claims to shed light on relatives' relationships in a family business.

The study, Second Generation Family SMEs in the UK, asked 2,003 members of the British public whether they would hire a family member when setting up a business.

According to the study, 23% of the British public would prefer to work with siblings, followed by fathers at 9% and mothers at 7%.

June 30, 2014

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement. 

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement.

Acciona

Spanish infrastructure giant Acciona has sold a 33% stake in its international renewable energy business, the firm said on Tuesday.

June 18, 2014

The winners of the European Families in Business Awards 2014, in association with Societe Generale Private Banking, have been announced. Take a look at the achievements of CampdenFB's shortlisted candidates.

UK retail family business Pentland Group has been awarded the top honour at the 2014 CampdenFB European Families in Business Awards in Barcelona.

June 9, 2014

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation. 

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation.

Speaking at the annual shareholders meeting in Arkansas on Friday, Walton revealed Penner, a board member since 2008, would act as chairman during periods of absence and use his expertise in technology and e-commerce to develop a range of smaller stores.

June 9, 2014

Succession at Samsung – South Korea’s largest family-owned conglomerate – could prove costly for the third generation, with analyst estimates putting the potential inheritance tax bill at almost €5 billion.

Succession at Samsung – South Korea’s largest family-owned conglomerate – could prove costly for the third generation, with analyst estimates putting the potential inheritance tax bill at almost €5 billion.

Analysts have been speculating about the future of the company following the hospitalisation of second-generation chairman Lee Kun-hee last month after a heart attack.

June 2, 2014

São Paulo-based MCassab Group is the face of today’s prosperous, entrepreneurial Brazil. An 86-year-old Brazilian family-run conglomerate with interests spanning Lego distribution to fish farming, its revenues are expected to double to $1 billion by 2018. Peter Shaw-Smith meets its chief executive and patriarch Fábio Cutait

Two miles north-west of the famous Interlagos Formula One racing circuit stands a group of offices, laboratories and warehouses that is the centre for one of the most successful family-run, and yet relatively unknown, conglomerates in Latin America’s biggest economy – MCassab Group. 

 

May 23, 2014

A top European business school has announced a new MBA programme aimed at improving the core skills of future family business leaders. 

A top European business school has announced a new MBA programme aimed at improving the core skills of future family business leaders.

The Edhec Business School in France will launch its first family business global executive MBA in February 2015, having seen an unfilled niche for such programmes on the continent.

May 23, 2014

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

Lorenzo Zambrano’s death from a heart attack in Madrid last Monday left directors with the task of replacing the man responsible for transforming Cemex’s regional operation into a global business.

May 14, 2014

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

Basing a family business in Cyprus or Poland instead of Denmark or France could significantly alter the tax burden on the next generation following succession, according to new analysis released by KPMG and European Family Businesses.

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