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eastern europe

Doris Sommavilla: Breaking the cycle of bad governance

May 30, 2022

A third-generation member of hotels and residential development businesses, Doris Sommavilla talks exclusively to Campden FB about family legacy, increasing diversity and planning for the future…

Having felt the aftershocks of her grandfather’s unprepared succession and experienced first-hand the effects of her father’s sudden passing, Doris Sommavilla knows all too well how poor governance can threaten the future of a family business.

A third-generation member of hotels and residential development businesses, Doris’ Italian family have invested their wealth in hospitality, entertainment, residential projects and beyond in Italy, Eastern Europe, and the United States.

Host, historic brewery, palace venue confirmed for awards

May 19, 2017

The event which celebrates Europe’s greatest family businesses is just one month away, and will see leaders converge on a spectacular Prague castle for two days of learning and celebration.

Infographic: Polish family businesses

April 17, 2014

Entrepreneurship has blossomed in Poland since the fall of Communism, but it remains to be seen if these new businesses will become long-term family companies.

Family-run firms, at first glance, appear to be enormously important to the Polish economy accounting for around 75% of all businesses and 50% of employment, according to academics. But as the majority are still under first-generation ownership, they can’t be classed as family businesses in the strictest sense of the term.

Emerging wealth yet to create global brands, research

March 28, 2013

First-generation wealth still dominates fortunes in emerging markets, meaning that companies started by entrepreneurs in these regions haven’t yet established recognisable global brands.

These are among the main findings of a new study by Forbes Insights and Societe Generale Private Banking, which found the majority – 78% – of emerging-market fortunes were first-generation and came from entrepreneurial ventures. Only 20% of those surveyed had inherited their wealth.

Eastern Europe: Going east for growth

September 1, 2008

As consumers in Eastern Europe becomes ever more affluent, family businesses around the world are looking to the region for growth rather than cheap land and labour, says Reg Crowder

Family businesses are increasingly turning to Eastern Europe for growth opportunities. But it's a completely different story from what the world saw in the years following the collapse of the Soviet Union.