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Family business roundup: Massmart and America Movil

August 12, 2013

Wal-Mart mulls buyout of one of several family-owned supermarkets in Kenya; and America Movil moves to buy remaining shares in Royal KPN.

Massmart
South Africa’s Massmart Holdings, a unit of Wal-Mart, is considering the buyout of one of several family-owned retailers in Kenya, as it tries to make inroads into the African nation.

According to Nairobi-based newspaper Business Daily, Naivas, Tuskys and Nakumatt, the family-owned businesses that dominate the sector, are the main targets for the food and household-goods retailer.

Wal-Mart CEO steps down amid praise from family

November 24, 2008

Rob Walton, chairman of the Wal-Mart board of directors and son of founder Sam Walton, has announced the surprise departure of CEO Lee Scott after nine years at the helm.

Rob Walton, chairman of the Wal-Mart board of directors and son of founder Sam Walton, has announced the surprise departure of CEO Lee Scott (pictured) after nine years at the helm. Mike Duke is promoted to succeed Scott who will continue serving as chairman of the executive committee of the board.

“This management change occurs at a time of strength and momentum for Wal-Mart,” said Walton, referring to the latest earnings figures released earlier this month that showed sales were up 7.5% on the same period last year.

Flying high

November 1, 2005

In family business, being successful doesn't necessarily mean you're doing well in dollars and cents. If your family isn't squabbling over who should be boss, or wrestling with decades of habit to bring the independence of your board up to speed – and business isn't suffering – then you're not doing badly at all. Families in Business examines the world's ten most successful family business CEOs, ranking equally by sales or revenue and the decisions and achievements the CEO has made during the year. All inheritor CEOs have worked to earn their place, bringing in major deals for their companies on their own merit prior to taking on the top job. Watch for these guys in 2006, writes Melanie Stern

Pride, prejudice and progress

September 1, 2004

Melanie Stern talks to Nan Langowitz, director of Babson College’s Centre for Women’s Leadership, and Jocelyn Larkin, lead litigation counsel for the 1.6m plaintiffs of the Wal-Mart sex bias class-action lawsuit, about the rising status of women leading family corporations

Melanie Stern is section editor of Families in Business magazine.

Melanie Stern talks to Nan Langowitz, director of Babson College's Centre for Women's Leadership, and Jocelyn Larkin, lead litigation counsel for the 1.6m plaintiffs of the Wal-Mart sex bias class-action lawsuit, about the rising status of women leading family corporations

How strong is the tradition of passing the family business to the son and not the daughter?

Building retail empires

July 1, 2004

Sam Walton: Made in America, by Sam Walton and John Huey (1996)

Christine Harland is Director of Camden Writers

Sam Walton: Made in America, by Sam Walton and John Huey (1996)

Born in 1918 in Kingfisher, Oklahoma, a whistle stop on the Oklahoma, Kansas & Texas railroad line, Sam Walton could feel small-town America in his bones. That profound sense of his environment lay at the heart of Walton's success. He understood the value of the hard-earned dollar for the majority of Americans and he appreciated the latent buying power in areas that a lot of larger corporations passed by.

Can family businesses survive?

June 1, 2003

Family businesses have always been here. They have survived vast change, dominated many fields and have made major, lasting contributions to the economy and to society. It will be interesting to see how family businesses evolve into the third millenium

James Olan Hutcheson spent 19 years in his family business, the world's largest photography company, before forming ReGENERATION Partners, an international business consulting group.