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Family business Roundup: Marriott, Bombardier, and Lotte Group

November 20, 2015

Marriott buys Starwood in $12.2 billion deal; Bombardier sells 30% train unit stake to relieve financing pressure; and Lotte Group founder launches fresh lawsuits in succession wrangle

Marriott buys Starwood in $12.2 billion deal

Family-run hotel giant Marriott International revealed this week that it has agreed to buy Starwood Hotels & Resorts in a $12.2 billion cash and shares deal.

The acquisition will make Marriott International the largest hotel chain in the world, with access to more than a million rooms. It will also bring together 30 brands across all lodging segments, including Starwood’s higher-end W Hotels and Marriott’s Courtyard.

News: The great family business brainstorm

April 30, 2010

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

Professor Randel Carlock, INSEAD's Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director of the Wendel International Centre for Family Enterprise, outlines the results of a family business brainstorm at the FBN Global Summit.

Olivier de Richoufftz: Five ways to increase emotional ownership

April 27, 2009

The Family Business Network has recently published a report on emotional ownership (EO), written by Asa Bjornberg and Nigel Nicholson, which argues that a higher level of EO leads to higher commitment and participation of family members in the family business. EO can therefore strengthen the business culture, enabling survival and success. Here are five ways to increase the next generation's sense of belonging to the family business:

And now for some good news ...

March 5, 2009

If you’re feeling mugged by Madoff, restless about recession or fearful about your family’s future then two upbeat news stories this week should lift your spirits.

If you're feeling mugged by Madoff, restless about recession or fearful about your family's future then two upbeat news stories this week should lift your spirits writes Marc Smith.

First, Thierry Lombard, the newly installed president of the Family Business Network, has wasted no time in reminding owners that they are well placed to overcome the current financial crisis. In his inaugural statement he urges family businesses to continue to demonstrate their strength and the quality of their governance systems.

FBN in India: mixing tradition and innovation

November 1, 2008

The 19th Annual Summit of the Family Business Network took place in India during October. Jeannette Griesel, a next generation member present at the event, kept an exclusive diary for
Campden FB.

India is a land of contrasts. Rich and poor are closely interlinked and complement one another in a colourful atmosphere of peace and a unified strength against a backdrop of startling economic growth.

Hosting the FBN's 19th Annual Summit in such an environment turned out to be an enriching experience for all the participants who arrived in New Dehli from all over the world.

Olivier de Richoufftz: The time is right for family business growth

September 1, 2008

If you studied economics in the 1960s and 1970s you might have been told the family business sector would soon die out.

If you studied economics in the 1960s and 1970s you might have been told the family business sector would soon die out. It was argued that companies with hundreds of thousands of shareholders were in better positions to raise capital through stockmarkets. The future, it was claimed, belonged to them.

Invisible governance

July 1, 2008

Wagner Luiz Teixeira focuses on the importance of invisible governance to the business-owning family

Corporate governance has become a focus and has drawn efforts from enterprises of various industries looking for ways to meet market demands. This is mainly put into action during highly-recommended events, such as establishing the board of directors.

Successful family values

May 1, 2008

Professor K Ramachandran from the Indian School of Business looks at the impact that values and visions can have on the success of a family

Networking for the future

January 1, 2007

The Next Generation international event, due to be held in May this year, is a good opportunity for young entrepreneurs to share experiences and knowledge in a stimulating environment. Jesus Casado examines what's on offer for next generation members

Jesus Casado is director de relaciones empresariales de IEF and a member of the FBN International executive committee.

A question of unity

September 1, 2006

Fate forced Colombia’s Torres family into a generational succession, and a reinvention of the family business. Help from outsiders and a united family have meant this business has beaten the odds and evolved into a strategy- and growth-focused concern

The Torres family contributed this article. Their company Contempo Group are based in Bogotá, Colombia. The family are members of the FBN Colombia chapter.

Fate forced Colombia's Torres family into a generational succession, and a reinvention of the family business. Help from outsiders and a united family have meant this business has beaten the odds and evolved into a strategy- and growth-focused concern