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Family Business

September 9, 2019

Family businesses play a significant role in the global economy, and a number of business empires are family-owned. And just like any company today experiencing a tech-driven change, family-run enterprises aren’t an exception. To remain competitive, however, these firms should have a clear sense of what they want to accomplish and adjust accordingly. 

Family businesses play a significant role in the global economy, and a number of business empires are family-owned. And just like any company today experiencing a tech-driven change, family-run enterprises aren’t an exception. To remain competitive, however, these firms should have a clear sense of what they want to accomplish and adjust accordingly. They can’t stubbornly oppose change and insist on the same business practices forever, because it could be detrimental for them and cause irreparable damage.

September 6, 2019

Third-generation family business Pernod Ricard has countered criticisms over its shareholder returns and governance from its activist investor with a rise in turnover, a €1 billion share buyback scheme, non-family board appointments and investments in China and the United States.

Third-generation family business Pernod Ricard has countered criticisms over its shareholder returns and governance from its activist investor with a rise in turnover, a €1 billion share buyback scheme, non-family board appointments and investments in China and the United States.

September 5, 2019

Business families of wealth are postponing their investments, considering moving their assets overseas and may even review their residencies as Britain’s turbulent exit from the European Union looms.

Business families of wealth are postponing their investments, considering moving their assets overseas and may even review their residencies as Britain’s turbulent exit from the European Union looms.

September 5, 2019

Tetra Pak billionaire Hans Rausing dies age 93, Billionaire Uniqlo founder wants to be succeeded by a woman and Marvel superheroes rescue Lego sales.

Tetra Pak billionaire Hans Rausing dies age 93

Hans Rausing, the billionaire Swedish industrialist who helped turn his family’s food packaging company Tetra Pak into a global giant, has died aged 93.

In a statement, his family said Rausing (pictured) died peacefully in his sleep at Wadhurst Park, his estate in East Sussex, with his wife, Marit, at his side.

He is survived by Marit, three children—Lisbet, Sigrid and Hans Kristian—and seven grandchildren.

September 4, 2019

Asian family offices prioritise wealth management over succession planning and governance, says the managing partner of a Hong Kong-based private multifamily office.

Asian family offices prioritise wealth management over succession planning and governance, says the managing partner of a Hong Kong-based private multifamily office.

September 2, 2019

With more billionaires now than any other region, Asia has the potential to become a world leader in philanthropic giving, but is it really that easy? Susan Lingeswaran explores the intricacies of giving among the world’s fastest-growing economies

When legendary Hong Kong actor Chow Yun-Fat—of Crouching Tiger, Hidden Dragon and Pirates of the Caribbean: At World’s End fame—announced plans in late 2018 to give away his entire $715 million fortune to charity after his death, the country’s media went into overdrive.

One Hong Kong newspaper called the announcement one of the biggest events in philanthropy to date. Another declared Chow, 63, the most selfless actor in the world and demanded other ultra-high net worth individuals in the region follow suit.

August 30, 2019

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

August 29, 2019

Sackler family offers up to $12 billion to settle opioid lawsuits, Lego family fund poaches Google director to join board and Asia’s richest families join the call to end Hong Kong unrest.

Sackler family offers up to $12 billion to settle opioid lawsuits

Purdue Pharma, the makers of OxyContin, the prescription painkiller at the heart of the US’ opioid crisis, have offered between $10 billion and $12 billion to settle more than 2,000 lawsuits from US states and cities.

The company, owned by the billionaire Sackler family, has been blamed for fuelling the US’ opioids crisis by aggressively and deceptively marketing its painkillers to doctors and downplaying the risks of addiction.

August 28, 2019

One of the trickiest aspects to navigate as a next generation member working in a family business is trying to find the right balance when it comes to work-life, family-life, and self-worth, says next gen entrepreneur Caroline Walerud.

One of the trickiest aspects to navigate as a next generation member working in a family business is trying to find the right balance when it comes to work-life, family-life, and self-worth, says next gen entrepreneur Caroline Walerud.

The second generation member of Sweden’s Walerud family is a partner in her family’s deep tech investment company, Walerud Ventures, and co-founder of Volumental, a startup which developed cloud-based 3D-scanning technology to customise products and services—namely footwear.

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