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family business

August 5, 2019

An idea borne from a classroom Eureka moment provided the basis for a groundbreaking field book for families. Randel Carlock discusses the vibrant guide he and co-author Keng-Fun Loh created to help families prepare for their own lunar landing.

Your book, A Family Business on the Moon, has an unusual title—where did the idea come from?

It came from (Canadian third-generation family business) Bata Shoes. They were training with me at INSEAD. We were working on their vision, and one of their sons, Charles, called out: “We’ve got shoe stores all over the world, let’s put one on the moon!” I thought, “What a great title!”

Who did you have in mind when you wrote it?

July 19, 2019

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

From 2020, Benetton Group collections will be increasingly sustainable with the use of mono-fibre, organic cotton, natural fibres, cellulose-based labels, natural dyes and laser and ozone treatments.

June 27, 2019

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

June 13, 2019

In the countdown to the coveted CampdenFB European Families in Business Awards, Vincent Lecomte and Sofia Merlo, co-chief executives of new partner BNP Paribas Wealth Management, discuss the trends they are seeing in Europe’s family business community and give their advice for sustainable success.

In the countdown to the coveted CampdenFB European Families in Business Awards, Vincent Lecomte and Sofia Merlo, co-chief executives of new partner BNP Paribas Wealth Management, discuss the trends they are seeing in Europe’s family business community and give their advice for sustainable success.

June 7, 2019

Sustainability, growth and jobs are at stake when the issue of UK family businesses and inheritance tax flares up, say sector experts.

Sustainability, growth and jobs are at stake when the issue of UK family businesses and inheritance tax flares up, say sector experts.

Tax Justice UK’s new research released this week said the British government was handing out up to £666 million ($849 million) a year in inheritance tax reliefs on land and business property to families who were already well off.

May 31, 2019

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The merger also shows how a dynastic family business can make bold strategic decisions to ensure its sustainability in an era of technological disruption.

May 27, 2019

Family offices are standing on the precipice of a multi-trillion dollar transfer of wealth between generations, yet succession planning among family offices is moving at a glacial pace. What are the barriers to planning? And what should families be doing now?

The cautionary tale of India’s Ambani family should be enough to scare any patriarch or matriarch into succession action. The sudden death of Reliance founder Dhirubhai Ambani, aged 69, in 2002 sparked an acrimonious battle between his two billionaire sons, Mukesh and Anil, leading to the brothers splitting up the family business in a deal mediated by their mother. Today relations are civil, but the businesses they inherited have had very different outcomes.

May 24, 2019

Britain’s biggest family businesses are stymied in entrepreneurialism by their older and less diverse boards of directors compared to their public company rivals.

Britain’s biggest family businesses are stymied in entrepreneurialism by their older and less diverse boards of directors compared to their public company rivals.

The average female representation on a UK family board was as low as 12%, much lower compared to all FTSE 100 companies at 23%, according to a new report out this week on the corporate governance arrangements of the country’s largest family firms by turnover.

May 2, 2019

A dispute between Danish shipping giant Maersk and Los Angeles (LA) dockers over plans to automate port vehicles has highlighted the challenges legacy businesses face balancing innovation with the social cost wreaked by disruption.

A dispute between Danish shipping giant Maersk and Los Angeles (LA) dockers over plans to automate port vehicles has highlighted the challenges legacy businesses face balancing innovation with the social cost wreaked by disruption.

The family-controlled business is facing a backlash from the International Longshore & Warehouse Union over plans to use unmanned electric vehicles instead of diesel trucks to shuttle shipping containers around LA Port—the largest in the US. 

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