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family business

December 2, 2014

Erramon Aboitiz, the fourth-gen chief executive officer of Filipino family business Aboitiz Equity Ventures, has postponed his retirement plans for three years in order to ensure a smooth leadership transition for his children.

Erramon Aboitiz, the fourth-gen chief executive officer of Filipino family business Aboitiz Equity Ventures, has postponed his retirement plans for three years in order to ensure a smooth leadership transition for his children.

According to a company statement, the board extended Aboitiz’s tenure in order to ensure the group’s long-term goals and said the 58-year-old would now retire in late 2019.

November 21, 2014

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

This issue may seem innocuous for many observers, but it is in fact one of the many pressing issues for the country’s economy, which is undergoing a painful process of rebalancing.  Why is the family succession issue so important?

November 19, 2014

The face of wealth in the UK is no longer dominated by ‘old' money after an increase in the number of entrepreneurs selling their companies has led to a spike in significant wealth generation, according to a new study.

The face of wealth in the UK is no longer dominated by ‘old' money after an increase in the number of entrepreneurs selling their companies has led to a spike in significant wealth generation, according to a new study.

November 12, 2014

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

More than two-thirds of family businesses in south-east Asia have implemented formal succession plans, as senior executives believe they are important for attracting investment, new research claims.

November 5, 2014

As the average life expectancy increases, the concept of an executive heading a family business well into their octogenarian years or even beyond is becoming more plausible and more common. So how does a young next-gen convince someone who has built up a family business empire that it is his or her chance to shine?

The world of family businesses is full of stories of the next generation struggling to deal with domineering parents and trying to find the courage to speak out. There’s the very public and long-running spat within Australia’s Rinehart family, which saw Gina Rinehart’s children trying to remove her as trustee of their multi-billion-dollar family trust.

October 24, 2014

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant 

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant

Toyota sells part of its Tesla stake

Toyota Motor Corp, owned by the Toyoda family, has sold part of its stake in US carmaker Tesla, as it bets on fuel cell vehicles to drive growth.

October 24, 2014

Her family’s business changed the world of travel, but while the rest of the clan have their sights set on the skies, Danielle Ryan is taking the road less travelled with her new luxury publishing, film and fragrance business.

A business focused on luxury and culture might seem at odds with the ethos of Irish budget airline Ryanair, but that is the path one of the former family business’s next gens has set out on. Ryanair, founded in 1985 by Tony Ryan with the support of his three sons, made regular holidays abroad achievable for middle and lower income households, while turning the Ryans into one of Ireland’s wealthiest families. It is notorious for its no-frills service.

October 2, 2014

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic. 

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic.

This week, family-owned Prada announced that its two chief executives, Miuccia Prada and Patrizio Bertelli, are under investigation for inconsistent tax filings during the decade their holding company was based in Luxembourg.

September 23, 2014

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The top five cities for billionaires, according to the Billionaire Census 2014, released by Wealth-X and UBS, are New York, Moscow, Hong Kong, London, and Beijing, which together host 379 of the world’s most wealthy.

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