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Ladies first: How daughters are playing the succession game

February 26, 2019

Succession is one of the most widely-discussed issues in the family business realm, but it is still relatively newsworthy when a daughter—rather than a son—takes the reins. Alexandra Newlove explores the upsurge in women inheriting ownership and management

For more than half a century, 80-year-old Marchese Piero Antinori has been a driving force behind one of the world’s oldest family businesses—Italy’s Marchesi Antinori.

But the 26-generation wine dynasty nearly slipped out of family control in the 1980s, partly due to the fact that the Marchese had three daughters and no sons, and thus assumed he had no successor.

FB Roundup: Lego, Novartis, VW and Suzuki

September 4, 2015

Lego posts double-digit growth across all territories; Novartis launches copycat cancer drug at 15% discount; and VW and Suzuki settle four-year legal dispute

VW and Suzuki settle four-year legal dispute

An international court has ordered German carmaker Volkswagen to sell its 19.9% stake in Japan’s Suzuki Motor, bringing to a close a four-year dispute between the companies.

The two automakers had accused each other of breaching their 2009 partnership agreement, which was intended to provide Volkswagen with greater access to India and Suzuki with new technology.

Family Business Roundup: Suzuki, Institutional Shareholder Service, and One Thousand & One Voices

July 3, 2015

Suzuki CEO names eldest son as successor, ISS adds voice to contentious Samsung merger, and family-backed equity firm invests in African beef, and

Suzuki CEO names eldest son as successor

Osamu Suzuki, the 85-year-old CEO of Japanese auto maker Suzuki, named his eldest son as the new president this week, easing investor concern over the firm’s succession plan.

Executive vice president Toshihiro Suzuki took over the role of president and chief operating officer on Tuesday. His outspoken father will remain CEO and chairman for the foreseeable future, according to Tuesday’s statement.

Suzuki begins arbitration against Volkswagen

November 24, 2011

Family-controlled carmaker Suzuki has started arbitration proceedings against Volkswagen, as it aims to end its alliance with the German group by buying back its shares.

The arbitration, which will take place in London, follows Volkswagen’s “lack of response to Suzuki’s requests for the disposition of its shares” either back to the company or a third party, according to a statement issued by Japan’s Suzuki.

Suzuki wants to end its two-year alliance with VW over Fiat controversy

September 12, 2011

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family.

Suzuki Motor offered to buy Volkswagen’s stake in the company on 12 September after the German firm accused its Japanese partner of breaking the terms of their contract by agreeing to buy diesel engines from Fiat, instead of first considering VW.

However, in a statement, Suzuki denied the allegation: “We can affirm that we have not breached the contract.”

VW looks bullish with second acquisition this week

December 9, 2009

Volkswagen AG, the family-controlled car manufacturer, announced today it plans to take a 19.9% stake in the Japanese car company Suzuki Motor Corporation.

The move is an attempt to access the emerging Asian markets, particularly the Indian market, in VW's quest to become the world's largest automaker.

Suzuki gives family member complete control as recession bites

December 11, 2008

Suzuki Motor Corp has announced that Osamu Suzuki, the company’s chairman and CEO, will also take over the roles of president and COO following the resignation of Hiroshi Tsuda for health reasons.

Mr Suzuki, who will shortly turn 79, is married to the daughter of the company’s second president from the founding family. He will be charged with leading the company through the global recession.

At a press conference he said he was in fine health, but admitted that the economic climate meant he was acting beyond the call of many people his age.

Al-Futtaim Group moves into Sri Lanka with acquisition

July 29, 2008

Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, is to acquire a majority shareholding in Associated Motorways (AMW), one of the “crown jewels” of Sri Lanka's corporate sector.

The deal, which is worth in excess of $65 million, means Al-Futtaim will acquire the 51% held by Associated Electrical Corporation and the 20% held by John Keells – both investment holding companies.