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The decision to sell or not to sell the family business: Do emotions matter?

April 14, 2021

Anheuser-Busch, Champagne Taittinger, Malt-O-Meal and The Wall Street Journal are some illustrative examples of the behaviour of family owners relinquishing the control of the business, not without expressing regret after the sale.

In family businesses, the underlying processes of the divestment decision-making are not only driven by financial logics, but also by emotional logics. How do they play out across family business archetypes and what families can do to make the right decision of selling or not selling the business with limited regret?

FB Roundup: Olivier Dassault, Exor, Hancock Agriculture

March 12, 2021

French heir and MP Olivier Dassault dies in helicopter crash, ‘Shared family values’ as Agnelli family buys foothold in Christian Louboutin, Gina Rinehart’s Hancock Agriculture goes to market with beef portfolio.

French heir and MP Olivier Dassault dies in helicopter crash

The sudden death of Olivier Dassault, billionaire heir to the French aerospace and software family business and politician, is “a great loss”, President Emmanuel Macron said in tribute.

FB Roundup: Birkenstock, Tata Group, Las Vegas Sands

March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

Should you sell the ancestral family estate?

November 19, 2020

Why would a family who at one time owned up to 50,000 acres sell a house that has been in the family for 40 generations? This is what Will Garton-Jones, owner of the Llanfendigaid Estate in Wales has chosen to do, but it is not a decision that he will have taken lightly.

Should you sell your family business to your family?

September 8, 2020

You’ve worked hard to build the family business from scratch, or perhaps you are the latest of several generations running the business. Either way, you must plan for the day you step down well before you intend to.

Why? Because when a business passes from one generation to another, there is much more than money at stake.

FB Roundup: Walmart, Barbour, Grosvenor

April 22, 2020

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale, Barbour family switches production from clothing to personal protection equipment, Grosvenor Estate targets help at vulnerable businesses and families.

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale

Walmart, the world’s biggest family business, reached its goal of hiring 150,000 new employees by the end of May in less than a month and has pledged to hire an extra 50,000 staff as part of the US retailer’s response to the coronavirus crisis.

FB Roundup: Lego, Haidilao and Lupa Systems

March 9, 2020

Founder’s great-grandson takes chair as Lego builds in China, billionaire “hotpot queen” chooses Singapore for her new family office and next-gen James Murdoch joins the fight against fake news.

Founder’s great-grandson takes chair as Lego builds in China

Thomas Kirk Kristiansen (pictured), a fourth generation member of Lego’s founding family, has taken over the role of chairman as the Danish toy giant announces record sales.

FB Roundup: James Murdoch, Musgrave Group and Henkel

January 16, 2020

Next gen James Murdoch’s burning rift with father’s media empire, revamped Musgrave Group snaps up drinks distributor and the World Economic Forum hails Henkel as frontrunner in the fourth industrial revolution.

Next gen James Murdoch’s burning rift with father’s media empire

James Murdoch, heir of Rupert Murdoch, has publicly criticised his family’s media empire for climate change denial as lethal bushfires blaze in Australia.

Morgan Motor Company accelerates car development by selling to Italian investor

March 14, 2019

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

Sports car manufacturer Morgan Motoring Company will be acquired by Italian investment group Investindustrial next month on undisclosed terms. The investment was made without financial debt and Morgan will have a positive net cash position upon closing of the transaction in April.

Washington Post leaves family-ownership

August 6, 2013

Family media dynasty the Grahams have sold The Washington Post, one of the most respected news organisations in the US, after eight decades of family ownership.

It has been bought, along with a number of weekly newspapers, for $250 million (€188.6 million) by Jeff Bezos, the founder and chief executive of online retailer Amazon.