Vimeo
LinkedIn
Instagram
Share |

Ownership and Management

February 12, 2015

A measure introduced by the Italian government to incentivise partial listing of family businesses and encourage long-term shareholdings has been amended after institutional investors raised concerns that it unfairly benefited controlling shareholders.

A measure introduced by the Italian government to incentivise partial listing of family businesses and encourage long-term shareholdings has been amended after institutional investors raised concerns that it unfairly benefited controlling shareholders.

Last year the Matteo Renzi-led government allowed listed companies to introduce “loyalty shares”, which grant shareholders double voting rights if they hold stock for more than two years.

January 30, 2015

British airline Monarch has said it expects to return to profit this year following a multi-million pound rescue package by Greybull Capital family office, which purchased the firm in October.

British airline Monarch has said it expects to return to profit this year following a multi-million pound rescue package by Greybull Capital family office, which purchased the firm in October.

The Luton-based airline was reportedly on the brink of collapse before Greybull Capital, headed by the Meyohas brothers, injected £125 million (€166 million) in October in exchange for a 90% stake.

January 28, 2015

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

Almost two-thirds of US family businesses see recruitment of skilled personnel as a major challenge in the next 12 months and are predicting that the issue is likely to hamper growth, new research has revealed.

The PwC survey of 154 mid-sized US family businesses also found that 66% of respondents believe that staffing issues are likely to get worse over the next five years with many investing in training in order retain employees.

January 26, 2015

Not one but two family business dynasties are in court this week, in generational battles questioning the decision-making ability of aging family members. 

Not one but two family business dynasties are in court this week, in generational battles questioning the decision-making ability of aging family members.

In the US, Tom Benson, the billionaire owner of pro-American football team the New Orleans Saints, will be in court over the future control of his sports and business empire.

And starting today in Southern France, 10 people will be answering to allegations that they capitalised on the mental frailty of L’Oreal heiress, Liliane Bettencourt.

January 23, 2015

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

1: Shareholder revolts

January 19, 2015

Shin Dong-joo, the eldest son of Lotte Group founder Shin Kyuk-ho, has been ousted from his position as vice chairman at Lotte Holdings, after disobeying his father and increasing his stakes in a subsidiary of the Korean conglomerate.

Shin Dong-joo, the eldest son of Lotte Group founder Shin Kyuk-ho, has been ousted from his position as vice chairman at Lotte Holdings, after disobeying his father and increasing his stakes in a subsidiary of the Korean conglomerate.

According to a company statement, the decision was made during a shareholders’ meeting last Thursday and puts Shin Dong-bin, the younger son of the group’s founder, in line to succeed control of the conglomerate.

January 15, 2015

Mexican billionaire Carlos Slim has become the largest shareholder in fourth-generation family business The New York Times Company, increasing his stake to nearly 17%, but the Sulzberger family will retain control of the media giant through its dual-class share structure.

Mexican billionaire Carlos Slim has become the largest shareholder in fourth-generation family business The New York Times Company, increasing his stake to nearly 17%, but the Sulzberger family will retain control of the media giant through its dual-class share structure.

It follows a bumpy year for the 164-year-old company, in which it continued to find its feet in the digital era, and also saw a mishandled staff changes at the senior editorial level.

January 13, 2015

A $1.25 billion share sale at a subsidiary of South Korean family-owned conglomerate Hyundai has flopped, potentially stalling succession between the second and third generations.

A $1.25 billion (€1.06 billion) share sale at a subsidiary of South Korean family-owned conglomerate Hyundai has flopped, potentially stalling succession between the second and third generations.

Despite a discount on the share price of up to 12%, the Chung family failed to reduce its 43% in Hyundai Glovis, the group’s logistics subsidiary.

December 17, 2014

Germany’s highest court has this morning ruled a 2009 law that provides tax breaks and exceptions on inheritance for the country’s family business illegal and unconstitutional.

Germany’s highest court has this morning ruled a 2009 law that provides tax breaks and exceptions on inheritance for the country’s family businesses illegal and unconstitutional.

The Federal Constitutional Court said the law violated the principle of fair taxation as it provides special treatment to some companies.

But family business advocates say the new ruling could unfairly disadvantage firms that are family owned, compared to competitors that don't face inheritance tax bills.

Click here >>
Close