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third-generation

February 19, 2021

Humility can be a powerful asset for a family business leader, stimulating corporate innovation and employee loyalty, says David C Bentall, a Canadian third-generation family business veteran, in his new book.

Humility can be a powerful asset for a family business leader, stimulating corporate innovation and employee loyalty, says David C Bentall, a Canadian third-generation family business veteran, in his new book.

January 15, 2021

Chung family driving Hyundai make $2 billion on Apple tie-up reports, Bacardi raises the bar on post-Covid ‘mindful drinking’ trend, Associated British Foods stares at $1.4 billion sales loss but rules out Primark e-commerce.

Chung family driving Hyundai make $2 billion on Apple tie-up reports

The Chung family in control of Hyundai became almost $2 billion better off when South Korean media reported the automaker was in early talks of a partnership with Apple, Inc.

Share prices in Hyundai Motor Co soared by up to 25% in Seoul last week, which boosted the family fortunes of Euisun Chung (picture), 50, chairman, and his father, Mong-Koo, 82. Together they hold about 8% of stock in the group, but maintain influence through complex governance arrangements.

December 23, 2019

Reimann family’s JAB Holding blends coffee brands, Lauder family fortunes rise as empire grows, Wallenberg family’s Electrolux makes white goods go green.

Reimann family’s JAB Holding blends coffee brands

JAB Holding, family office of Germany’s billionaire Reimann family, is merging two of its coffee brands with a view to a major listing in 2020 as competition with Nestle heats up.

April 19, 2013

Gerald Bowthorpe, third-gen former chairman of UK-based facilities management group OCS, has died of cancer aged 74.

Gerald Bowthorpe, third-gen former chairman of UK-based facilities management group OCS, has died of cancer aged 74.

Bowthorpe worked for OCS for 44 years, starting as a contracts manager in 1957, and eventually retiring as chairman in 2001.The business grew extensively during this time, and expanded into multiple markets outside of the UK.

OCS is now the UK's largest family-owned facilities management group with an annual turnover of more than £750 million. There are currently 20 family members working in the business.

January 1, 2003

Makassar Jewelry: A successful third generation family business

Petrina Faustine is a professor at Magister Management of Administration and Technology Program at Bandung Institute of Technology in Indonesia.

Makassar Jewelry: A successful third generation family business

In a new series, Families in Business readers will learn about family business in Asia. This first article examines a family business in Indonesia that has been in existence for over 70 years.

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