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Lauder

October 1, 2009

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas’ and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas' and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

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