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Ownership and Management

February 25, 2014

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business.

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business.

The second-generation of the Ward family are mulling giving up the Missouri-based manufacturer of boxed chocolates, and have appointed investment bank Goldman Sachs to assess their options.

February 24, 2014

Fifth-generation family business Fiat is losing its image as an Italian company, according to an Italian business expert, as it expands globally and moves its tax affairs and company registration to other European countries.

Fifth-generation family business Fiat is losing its image as an Italian company, according to an Italian business expert, as it expands globally and moves its tax affairs and company registration to other European countries.

Founded by Giovanni Agnelli in 1899, the company is now headed by fifth-gen John Elkann, who confirmed this month that the carmaker was moving its tax domicile to the UK and registering its business in the Netherlands.

February 21, 2014

The recapitalisation of French family business PSA Peugeot Citroen sends a message to other family firms that they need to join forces with foreigners to survive in the modern world, says a business and corporate governance expert based in France.

The recapitalisation of French family business PSA Peugeot Citroen sends a message to other family firms that they need to join forces with foreigners to survive in the modern world, says a business and corporate governance expert based in France.

This week the Peugeot family announced it was diluting its shares in the carmaker, France’s largest family business, from its existing 25% holding and 38% voting rights.

February 14, 2014

Turkish next-gens are placing greater importance on corporate governance and professionalisation of their family businesses than preceding generations, according to new research released today.

Turkish next-gens are placing greater importance on corporate governance and professionalisation of their family businesses than preceding generations, according to new research released today.

February 7, 2014

The decision by the Yamauchi family's sixth-generation to sell part of their 10% stake in Nintendo does not prevent the family from retaining control of the gaming company, according to a Japanese business academic. 

The decision by the Yamauchi family's sixth-generation to sell part of their 10% stake in Nintendo does not prevent the family from retaining control of the gaming company, according to a Japanese business academic.

In a statement released this week, Nintendo said it would buyback up to 9.5 million shares – around 114 billion yen (€822 million) - which accounts for 7.4% of the total common shares outstanding.

January 27, 2014

UK-based family bakery business Frank Roberts and Sons has appointed Robert Higginson as chairman of the board, marking the continuation of the businessman’s career at the helm of a baked goods family business.

UK-based family bakery business Frank Roberts and Sons has appointed Robert Higginson as chairman of the board, marking the continuation of the businessman’s career at the helm of a baked goods family business.

Higginson was managing director at Warburtons, a fifth-generation firm controlled by the eponymous founding family, for 11 years between 2001 and 2012.

January 24, 2014

One of the biggest family businesses in the Middle East could launch its first IPO in a matter of months, according to media reports. 

One of the biggest family businesses in the Middle East could launch its first IPO in a matter of months, according to media reports.

Saudi Binladin Group, a second-generation construction company, could list one of its biggest divisions, Construction Products Holding (CPC), as early as June.

January 23, 2014

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman.

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman.

Kwek Leng Joo, 60, has held the post since 1995, but now Grant L Kelley, the first non-family member to head the executive management team, will become the company’s first chief executive.

City Developments Limited (CDL) is one of the largest private developers in Singapore, and saw revenues of $3.4 billion (€2.5 billion) in 2012.

January 10, 2014

Canadian fourth gen Rob Sobey has announced he is retiring as chief executive and president of Lawton's Drugs, an operating division of the eponymous family business, Sobeys Inc.

Canadian fourth gen Rob Sobey has announced he is retiring as chief executive and president of Lawton's Drugs, an operating division of the eponymous family business, Sobeys Inc.

Sobey, 47, who has worked in the family firm for 32 years, says his decision will allow him more time to focus on his philanthropy and outside business interests, which include his role on the board of private investment Seafort Capital, alongside his father, Donald.

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