Heir Lorenzo Bertelli vows to keep Prada in the family, ‘Self-understanding’ mission statement for Bahlsen push in US, Gautam Adani says climate change policies must be equitable and pragmatic.
Heir Lorenzo Bertelli vows to keep Prada in the family
Lorenzo Bertelli, heir apparent to Prada, promises to keep the Italian luxury fashion group under family control when he succeeds his father in three years’ time.
Frasers Group founder Mike Ashley anoints daughter’s fiance as successor, Toennies family cancels meat business exit, Murdoch family’s News Corp to buy Oil Price Information Service for $1.15 billion.
Frasers Group founder Mike Ashley anoints daughter’s fiance as successor
British billionaire Mike Ashley will make way for his future son-in-law as the head of his international $4.1 billion retail empire.
One of the greatest challenges any business experiences in transforming from a profitable small business to a legacy enterprise is navigating the waters of succession. An effective succession plan requires more than just moving names around on an org chart or a legal charter. To invest in its future, a family enterprise must build the power of its brand.
Many family enterprises develop strong branding around their visionary founders. But what happens to this brand when the next generation assumes leadership? We explore how a family enterprise should build the power of its brand in conjunction with succession planning.
