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Australia

July 11, 2013

Only a quarter of Australian family businesses saw an increase in profitably and market share over the past three years, and less than half expect the market to improve in the next year, according to research out of a Melbourne university.

Only a quarter of Australian family businesses saw an increase in profitably and market share over the past three years, and less than half expect the market to improve in the next year, according to research out of a Melbourne university.

The report also found family businesses did not feel the federal government gave them enough support.

Produced by RMIT University, Australian family businesses: Surviving, not thriving, found only 40% expect the market to improve in the next 12 months.

July 5, 2013

Five Guys, the US burger chain controlled by the Murrell family, has expanded to Europe, with the opening of its first restaurant in London on 4 July.

Five Guys crosses the Atlantic, while the Harmsworth and Germinder families have strengthened control over their respective businesses.

Five Guys
Five Guys, the US burger chain controlled by the Murrell family, has expanded to Europe, with the opening of its first restaurant in London on 4 July.

June 21, 2013

An Australian white paper examining the role of family businesses in the national economy could be forgotten in the wake of national elections this year, a family business expert says.

An Australian white paper examining the role of family businesses in the national economy could be forgotten in the wake of national elections this year, a family business expert says.

The report, Family Business in Australia – Different and Significant, published in March, was the result of months of research by a parliamentary joint committee aiming to quantify the contribution of family businesses to the economy and to assess the challenges they face.

April 16, 2013

Whether you fancy Sri Lanka or Loch Lomond, there are plenty of top-notch getaways to enjoy the sunshine. 

Whether you fancy Sri Lanka or Loch Lomond, there are plenty of top-notch getaways to enjoy the sunshine.   

HIGHLAND FLING
Stuckgowan House
Loch Lomond, UK

February 1, 2012

Employees at one Australian business recently got a welcome surprise, after the family behind bus company Grenda Corporation decided to reward workers with an AUS$15 million (€12.2 million) gift. 

Employees at one Australian business recently got a welcome surprise, after the family behind bus company Grenda Corporation decided to reward workers with an AUS$15 million (€12.2 million) gift.

The company, controlled by the Grenda family, sold off its transit operations last year, netting a cool AUS$400 million.

But rather than banking it all for themselves, patriarch Ken Grenda, along with his sons Geoff and Scott, decided to share a chunk of the profits with employees as a thank you for all their hard work.

January 30, 2012

Bianca Hope Rinehart, daughter of Australia’s richest woman, has officially left the board of mining family business Hancock Prospecting, following a fall-out with her mother.

Bianca Hope Rinehart, daughter of Australia’s richest woman, has officially left the board of mining family business Hancock Prospecting, following a fall-out with her mother.

The 33-year-old, who was considered the heir-apparent to Gina Rinehart (pictured), was reportedly removed from the board of the family’s flagship iron ore business on 31 October last year.

January 9, 2012

Perth will have a larger ultra-high net worth population than Brisbane by 2014, thanks to its growing mining sector and the surge in commodity prices. 

Perth will have a larger ultra-high net worth population than Brisbane by 2014, thanks to its growing mining sector and the surge in commodity prices.

Figures from research company Wealth-X show Perth is currently home to the fourth-highest concentration of ultra-wealthy in Australia, behind Sydney, Melbourne and Brisbane.

But in only a couple of years, the city, located in Western Australia, will see its UHNW population outgrow Brisbane’s, according to the report.

December 23, 2011

The third-generation of Australia’s Grollo family is set to take over the management of the family business, as second-generation and family patriarch Bruno Grollo is retiring from the development and construction company his father founded 60 years ago.

The third-generation of Australia’s Grollo family is set to take over the management of the family business, as second-generation and family patriarch Bruno Grollo is retiring from the development and construction company his father founded 60 years ago.

The company, which is still 100% owned by the founding family and intends to remain private, is best known for building some of Melbourne’s tallest buildings including the Eureka Tower and Rialto Towers.

November 8, 2011

Small-scale businesses dominate Australia's family business sector, but the country was also the birthplace of some of the world's most famous family business names, such as Rupert Murdoch. CampdenFB takes a look at some of the leading Australian family businesses in an interactive graphic.

Small-scale businesses dominate Australia's family business sector, but the country was also the birthplace of some of the world's most famous family business names, such as Rupert Murdoch. However, unlike Europe and Asia, the country's family business history is relatively short. Lionel Samson & Sons, thought to be Australia's oldest continuing family business, is six generations old.

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