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Selling the Family Business: Letting Go While Preserving a Legacy

Selling the Family Business: Letting Go While Preserving a Legacy

“I’ve worked in the company for the last 42 years. And I never until this year even imagined the possibility that we might think about selling.” That’s what Don Graham, the head of the legendary Washington Post, told reporters shortly after he announced the sale of the family business to Amazon CEO Jeff Bezos.

Beating the Third Generation Curse

Beating the Third Generation Curse

German immigrant Bernhard Stroh came to America in 1849 armed with little more than a recipe for making beer. The beer was so popular that he set up a brewery shortly before the First World War. By 1980 it had grown to become America’s third largest beer company. At its height in the 1980s, the Stroh family’s wealth was estimated at $9 billion by Forbes. It was all lost by the early 2000s.

The Unique Investing Approach of Indian Family Office RNT Associates

The Unique Investing Approach of Indian Family Office RNT Associates

Image Credit: economictimes.indiatimes.com After 20 years of leading India’s largest family business, Tata Sons’ Ratan Naval Tata took a surprising step after retirement. He set up family office RNT Associates as a private investment vehicle to invest in startups eme...

How to Create a Fair Family Business

How to Create a Fair Family Business

Creating an equitable workplace is a challenge many businesses face. For family-owned businesses, the challenge can be amplified. Hiring and promoting family members isn’t necessarily wrong, but when handled poorly it could create ill will with non-family employees.

Avoiding the Pitfalls of Succession Planning

Avoiding the Pitfalls of Succession Planning

Besides growing and sustaining a business, the biggest challenge entrepreneurs face is succession planning. Making a decision on succession is as daunting as it is necessary. The complexity is compounded when the business is family owned and the successors are likely to be the next generation.

How to Keep the Next Gen Engaged in the Family Business

How to Keep the Next Gen Engaged in the Family Business

In his book “Family Wealth: Keeping It in the Family,” prolific author and family advisor James Hughes Jr. maintains that family businesses are too preoccupied with taxation and governance when their primary focus should be developing human capital. In other words, he believes families must prepare and mentor the next generation to create leaders that can help the business survive.

Succession Case Study: Dalian Wanda Group

Succession Case Study: Dalian Wanda Group

Wang Jianlin Founder - Dalian Wanda Group The struggles of China’s richest entrepreneur offer a case study in succession planning for wealthy families and family-run businesses across the world. Billionaire Wang Jianlin, the founder o...

IKEA: Lessons in Preserving a Legacy

IKEA: Lessons in Preserving a Legacy

IKEA founder Ingvar Kamprad was one of the richest men in the world when he passed away in early 2018. Over the course of his nearly 74-year career, Kamprad managed to redefine the global retail sector and create one of the world’s most recognizable brands. A long-term thinker with a unique strategy, Kamprad left behind an estate structured to preserve the business he spent a lifetime creating.

5 Family-Owned Conglomerates Across Asia

5 Family-Owned Conglomerates Across Asia

Family-owned businesses are a key pillar of Asian economies. Asian conglomerates tend to be passed down through multiple generations as they grow and expand. Here are five of the most successful family-run conglomerates in the region

Family Enterprise Profile: Zóbel de Ayala Family – Ayala Corp

Family Enterprise Profile: Zóbel de Ayala Family – Ayala Corp

Owned by the Zóbel de Ayala family, the Ayala Corporation is the oldest and largest conglomerate in the Philippines. Over nearly two centuries, the holding company has been diversified and expanded into sectors ranging from retail to healthcare. What began as a small distillery started by Domingo Róxas and Antonio de Ayala during the Spanish Colonial era is now the linchpin of the country’s economy.

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