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German family business

Mittelstand successors wanted by 2019
March 27, 2018

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

My business: Brigitte von Boch
November 7, 2016

Family businesses often identify core values, but ninth-generation Oliver von Boch has taken the process one-step further and distilled them into a lifestyle brand. 

Family businesses often identify core values, but ninth-generation Oliver von Boch has taken the process one-step further and distilled them into a lifestyle brand. Michael Finnigan reports

German family business profile: Bosch
July 14, 2016

Founded in 1886, Bosch has grown to become one of the largest multinational engineering and electronics companies in the world. The Gerlingen-headquartered firm had revenues of €70.6 billion ($80.5 billion) in 2015.

Founded in 1886, Bosch has grown to become one of the largest multinational engineering and electronics companies in the world. The Gerlingen-headquartered firm had revenues of €70.6 billion ($80.5 billion) in 2015.

 

 

FAMILY

FB Roundup: Lavazza, Fiat Chrysler, and Lotte Group
July 24, 2015

Lavazza to acquire Carte Noire for €800 million; Fiat Chrysler announces Ferrari IPO; and Shin Dong-bin appointed CEO at Lotte Holdings

Lavazza to acquire Carte Noire for €800 million

Lavazza, the family-run Italian coffee maker, has put in a formal bid to acquire French brand Carte Noire for €800 million ($879 million).

According to a company statement, the deal will treble the company’s turnover in France and will help it grow organically in the surrounding regions.

Russia sanctions hit German family businesses
August 1, 2014

German family businesses are feeling the pinch from Russia’s confrontation with the West, particularly carmaker Volkswagen, who has reported an 8% year-on-year decrease in Russian sales. 

German family businesses are feeling the pinch from Russia’s confrontation with the West, particularly carmaker Volkswagen, who has reported an 8% year-on-year decrease in Russian sales.

With further sanctions on the horizon, Volkswagen, controlled by the Piech family, is just one of approximately 6,000 German family businesses operating in Russia that are expected to suffer from the incoming “level three” sanctions.

Family business roundup: Fiat doubles media stake; Ottobock and Pohlig join forces
July 3, 2013

Fiat doubles its share in an Italian publishing group while German family firms Ottobock and Pohlig join forces for a greater footprint in the orthopaedics sector.

Fiat doubles its share in an Italian publishing group while German family firms Ottobock and Pohlig join forces for a greater footprint in the orthopaedics sector.

Fiat

Fiat – controlled by the Agnelli family's Exor – has announced it will double its holding in struggling Italian publishing group RCS MediaGroup from 10% to 20%.

Third-gens take over at headphones manufacturer Sennheiser
June 13, 2013

German headphones and electronics company Sennheiser has announced the appointment of two third-gens to take control of the family business.

German headphones and electronics company Sennheiser has announced the appointment of two third-gens to take control of the family business.

Daniel and Andreas Sennheiser will take over as joint chief executives and speakers of the executive management board, effective 1 July.

Their father, Jorg, is the current chairman of the supervisory board. His father, Professor Fritz Sennheiser, founded the company in 1945.

Joined at the hip
October 26, 2011

One of Europe's biggest logistics companies is grooming the management skills of the sons of the two brothers who run the business. Rashmi Kumar asks whether the German company has struck upon the perfect succession plan.

Felix and Jens Fiege could easily be Europe’s poster boys of next- generation family business success.

Cousins Felix and Jens are the fifth generation of the Fiege family to work at the eponymous business, set up more than a century ago by their great-great-grandfather Joan Joseph Fiege in the small town of Greven in the German state of North Rhine-Westphalia.

Germany’s family businesses remain optimistic
August 25, 2011

Family businesses in Germany are becoming “more realistic” about the economic outlook, despite businesses in the European country reporting lower levels of confidence overall, according to the country’s main family business pressure group.

Family businesses in Germany are becoming “more realistic” about the economic outlook, despite businesses in the European country reporting lower levels of confidence overall, according to the country’s main family business pressure group.

Reforms needed to secure future of German family businesses
May 10, 2011

The future of Germany’s family businesses could be affected by the government’s lack of reforms, according to a spokesman for Germany’s main family business pressure group.

The future of Germany’s family businesses could be affected by the government’s lack of reforms, according to a spokesman for Germany’s main family business pressure group.

The group, Die Stimme Der Familienunternehmer, told CampdenFB that they had expected a more business-oriented policy to be put in place by Chancellor Angela Merkel and the German government in the last 18 months. But with no reforms to the social security system, the lobby group said that this could affect the future of family businesses in Germany.

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