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succession planning

Family ‘key motivation’ for many Hispanic business owners

August 9, 2011

Family is the greatest motivator for Hispanic business owners, with nine in ten starting their own company to provide for their family, according to new research.

This compares with just 77% among the general US business-owing population, the study by Massachusetts Mutual Life Insurance Company found.

40 under 40—Rising stars in family business

July 13, 2011

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

IPO causes succession concerns at Prada

June 14, 2011

The high valuation of family-controlled Prada has caused concern about its management, with analysts worrying that the value cannot be sustained in the future due to the family’s lack of a clear succession plan.

The fashion giant’s planned initial public offering values the company at over $15 billion according to a statement by Prada. The listing will see the family’s stake – controlled by the husband-wife team of Patrizio Bertelli and Miuccia Prada – fall to 80% from the current 95% owned through family holdings.

Families still ignoring succession, shows survey

June 7, 2011

Family businesses are not well prepared for succession despite plans to change hands within the next five years, reveals a survey by PricewaterhouseCoopers released on 5 June.

Kin in the game, a survey of 1600 family businesses around the world, showed that over half of the respondents don’t have a succession plan in place, although 30% of the families expect to transfer control over the next five years.

Loss complicates succession planning

September 15, 2010

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will impact their succession process, writes Jennifer East

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will have a significant impact on their complex succession process, writes Jennifer East.