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family business

FB Roundup: Cargill, Merck, and Volkswagen

June 17, 2016

Cargill gets $10 million in tax breaks to stay in Wichita; Merck shares sore following lung cancer study; and Volkswagen families display unity ahead of annual general meeting

Cargill gets $10 million in tax breaks to stay in Wichita

A deal to keep family-controlled Cargill operating in Wichita includes nearly $10 million in tax breaks from government entities over a 10-year period, according to documents obtained by the Associated Press.

World family business leaders call for UK to remain in EU in Brexit survey

June 10, 2016

The global Campden Wealth community of family business leaders overwhelming believe Great Britain is better off staying in the European Union than leaving it.

The global Campden Wealth community of family business leaders overwhelming believe Great Britain is better off staying in the European Union than leaving it.

Eye on the social enterprise

May 27, 2016

Setting out to do good with your career is no longer just the realm of the charitable sector. Jessica Tasman-Jones spoke with social entrepreneurs from business-owning families trying to tackle the world’s ills one by one – and making financial returns while they’re at it

Setting out to do good with your career is no longer just the realm of the charitable sector. Jessica Tasman-Jones spoke with social entrepreneurs from business-owning families trying to tackle the world’s ills one by one – and making financial returns while they’re at it

Making scents: Benjamin Firmenich on engaging the next generation and impact investing

May 17, 2016

From perfume to mangroves, Benjamin Firmenich is a next gen with impact on his mind. Michael Finnigan spoke to him about doing good – both inside the eponymous family business and out

From perfume to mangroves, Benjamin Firmenich is a next gen with impact on his mind. Michael Finnigan spoke to him about doing good – both inside the eponymous family business and out

High Flyers: Why women are leading more enterprises than ever before

May 9, 2016

Statistics increasingly tout the number of women being considered for leadership roles in US family businesses. But should family businesses be patting themselves on the back for gender equality just yet?

Next-gens keen to employ non-family members, says report

April 20, 2016

Next-generation members of family businesses are increasingly recognising the importance of installing outsiders in senior roles, according to a report.

Next-generation members of family businesses are increasingly recognising the importance of installing outsiders in senior roles, according to a report.

Although nine out of ten next gens have, or expect to have, a governance role themselves in the business, many believe an external hire may be able to contribute more, according to PwC’s Great Expectations: The Next Generation of Family Business Leaders.

Powering up the superyacht circuit

April 14, 2016

Superyachts are synonymous with high-comfort cruising but, increasingly, owners are asking shipbuilders to design super slick vessels matching envy-making comforts with a hard-edge racing pedigree. Mike Owen reports

FB Roundup: Faber-Castell, Tata, and H&M

April 8, 2016

Adult colouring book craze prompts growth at Faber-Castell; Tata patriarch defends sale of UK steelworks; and Mixed first quarter for high street giant H&M

Adult colouring book craze prompts growth at Faber-Castell

A surge in the number of people buying adult colouring books has caused double-digit growth at German writing instruments manufacturer Faber-Castell.

The eighth-generation family firm has been forced to run extra shifts in its factory to keep up with demand, Sandra Suppa from Faber-Castell told The Independent.

Adult colouring books have become a surprise success in bookshops and have sold some 16 million copies worldwide.

Letter from the US: Pondering family business from New York

April 8, 2016

Family businesses claim superiority due to their long-term orientation. Nowhere is this more evident than their treatment of people

On a cold, rainy February night, I connected through New York’s La Guardia Airport. The plane stopped short of the gate, and the passengers walked down steps to the tarmac to collect our gate-checked bags and walk about 200 metres in the rain to the terminal. This is the airport for America’s greatest city, I thought, yet it is clearly suffering from neglect.

Panama Papers: family offices likely to remain unfazed, reputation biggest threat

April 8, 2016

The scandal over offshore investments is not set to influence the investment decisions of family offices, experts say, although reputational risk is a key consideration.

The Panama Papers revelations are unlikely to influence the decisions that ultra-high net worth (UHNW) families make over their finances, according to a leading specialist.

There are only likely to be “very, very limited” effects on how family offices operate, said Sascha Klamp, managing director and chief investment officer of London-based CITE Investments.