Share |

Family Business

How ‘Prop art’ became a seriously entertaining passion investment

March 9, 2023

Stephen Lane, the CEO and founder of Propstore, talks about the growth of a unique and valuable passion investment asset class, the importance of authenticity and the pitfalls to avoid when searching for that perfect entertainment memorabilia artifact.

As the CEO and founder of Propstore, Stephen Lane has grown his firm from a cottage industry into one of the world’s leaders in entertainment memorabilia. 25 years after establishing the company and after he and his team have unearthed and put to auction some of the most valuable and exciting artifacts from the history of film and television, Stephen is rightly recognised as one of the foremost experts in his field.

FB Roundup: Rafael del Pino Jr., Fred DeLuca, Tom Love

March 8, 2023

In this week’s FB Roundup, the Spanish prime minister speaks out against Rafael del Pino Jr’s headquarters move; Goldman Sachs joins the bid to buy Subway from founders’ heirs; and tributes are paid to US truck stop chain founder Tom Love.

Spanish prime minister speaks out against Rafael del Pino Jr.’s headquarters move
Spanish prime minister Pedro Sánchez has publicly criticised billionaire businessman Rafael del Pino Jr. after revealing plans to move the headquarters of Ferrovial SA to the Netherlands.

Family office investors turn to private equity to enhance long-term portfolio returns

March 8, 2023

Private Equity is mainstream among ultra-high-net-worth (94% engaged), with the bulk looking for enhanced returns (67%).

According to The Ultra-High Net Worth Private Equity Investing Report 2023 by Campden Wealth and Titanbay, 84% of ultra-high-net-worth (UHNW) investors hold private equity investments, with a further 10% interested in the asset class.

The generational handover in family business: Is it better to appoint internally or externally?

March 7, 2023

Sooner or later, all privately-owned companies have to tackle the quandary of the generational handover, but is it better to keep it in the family or bring in fresh blood, asks Jesús Rico, professor of strategy at EAE Business School?

Sooner or later, all large family companies have to tackle the quandary of the generational handover. Should they appoint a member of the family who knows the company and has its mission imprinted on their DNA? Or is it better to bring on board a director from outside the company who shakes things up with a new vision?

Enhancing human capital in business families: Creating a culture where everyone has a voice

March 3, 2023

Some younger family members aren’t waiting for formal transitions. They’re focused on contributing today to a world that will still be sustainable in 100 years' time, says KPMG's Creagh Sudding.

There are widespread and ongoing discussions among family businesses about the potential roles and contributions of next-generation family members. In some cases, this is the result of impending succession decisions and the need for a smooth transition from one generation to the next. But, in other cases, younger family members aren’t waiting for formal transitions. They’re focused on contributing today to aworld that will still be sustainable in 100 years' time.

FB Roundup: Sir Leonard Blavatnik, Mitchell Rales, Thomas Lee

March 2, 2023

In this week’s FB Roundup, Sir Leonard Blavatnik helps London’s V&A Museum to secure David Bowie archive; Mitchell Rales gifts $1.9 Billion to his own art museum; and tributes are paid to billionaire financier Thomas Lee.

Sir Leonard Blavatnik helps London’s V&A Museum to secure David Bowie archive
The extensive archive of the late singer-songwriter David Bowie will be made available to the public from 2025, thanks to a donation of £10 million from the Ukrainian-born businessman and philanthropist Sir Leonard Blavatnik through his Blavatnik Family Foundation.

George Muthoot George: ‘Sustainable practice is at the core of what we do’

February 27, 2023

In an exclusive interview with Campden FB, 19th-Generation family member George Muthoot George of the Muthoot Group talks about living up to family legacy, a passion for hospitality and the ultimate motivation for sustainable investment…

For nearly 800 years, the Muthoot family have been heavily involved in business and philanthropy in and around Kerala, India. Since its formal establishment in 1887, the Muthoot Group has grown into multi-layered conglomerate focussing on financial services, healthcare, agriculture, housing, media, education and more.

Does culture really eat strategy? The importance of family business continuity planning

February 23, 2023

Dr. Richard Orlando discusses the invisible glue that holds families together and how that can affect the success or failure of a family business.

For anyone who has worked with (or in) family businesses for any meaningful period of time, especially as it pertains to continuity planning engagements, they would have heard family members say something like:

FB Roundup: David Fattal, Sanjeev Gupta, Ted Lerner

February 21, 2023

In this week’s FB Roundup, Israeli billionaire David Fattal buys Brighton’s Grand Hotel; Sanjeev Gupta’s GFG Alliance aims to rescue collapsed UK steel companies; and tributes are paid to baseball team owner Ted Lerner.

Israeli billionaire David Fattal buys Brighton’s Grand Hotel
Leonardo Hotels UK and Ireland, part of Israel's Fattal Group, has bought one of the UK’s most famous seaside hotels as part of an expansion into the luxury market.

Owned by the billionaire David Fattal, Leonardo Hotels UK and Ireland said it planned to “Invest significantly” in the 159-year-old Grand Hotel in Brighton in a bid to return the 201-room Victorian building to its “Iconic status”.

Victoria Engelhorn: Becoming more than her family name

February 16, 2023

A beneficiary of the sale of her family’s multi-generational pharmaceutical companies, Victoria Engelhorn was determined to take the opportunity to grow, realise her own dreams and give back to society. In an exclusive interview with Campden FB, she reveals how forging her own socially responsible path gave her meaning and purpose.

The granddaughter of billionaire German businessman Curt Engelhorn, great-great granddaughter of Friedrich Engelhorn (the founder of chemical giant BASF) and the beneficiary of a family-wide windfall, Victoria Engelhorn understands all too well the heft and privilege of inheriting great wealth.