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Ownership and Management

May 6, 2014

When establishing succession arrangements business owners should always consider how such arrangements correspond with personal estate planning. One recent case, involving a family farm in Cambridgeshire, illustrates the importance of such considerations. 

When establishing succession arrangements business owners should always consider how such arrangements correspond with personal estate planning. One recent case, involving a family farm in Cambridgeshire, illustrates the importance of such considerations.

May 6, 2014

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943. 

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943.

Kamprad, 88, left his roles on the boards of the two foundations that control Ikea's assets in late December last year, but the announcement was only made recently.

April 28, 2014

French family-controlled conglomerate Louis Dreyfus Commodities is on the hunt for a new chief executive after its current head announced he was stepping aside after just one year.

French family-controlled conglomerate Louis Dreyfus Commodities is on the hunt for a new chief executive after its current head announced he was stepping aside after just one year.

Ciro Echesortu's appointment to the chief executive role was only ever intended to be a short-term arrangement, but Louis Dreyfus never announced just how short his tenure would be. Echesortu will leave his role on 1 June.

April 25, 2014

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

In a civil lawsuit that had been ongoing since 2012, Sandeep Raheja was accused by his father, Gopal, of trying to take control of the real estate developer business GL Raheja Group.

April 23, 2014

Primark, the budget fashion chain owned by the Weston family's Associated British Foods (ABF), is setting up shop in the US.

Primark, the budget fashion chain owned by the Weston family's Associated British Foods (ABF), is setting up shop in the US.

Primark has become the powerhouse of its parent company due to its ability to quickly turn catwalk ideas into high street fashion at rock bottom prices, and it saw profits jump 26% to £298 million (€362 million) in the six-month period ended 1 March.

April 16, 2014

Emma Marcegaglia, co-chief executive of her family's eponymous steel company, has been appointed chairwoman of Italy's largest state-owned company, following a shake up of state-owned firms by Italy's new centre-left government to try and change the country's masculine corporate culture.  

Emma Marcegaglia, co-chief executive of her family's eponymous steel company, has been appointed chairwoman of Italy's largest state-owned company, following a shake up of state-owned firms by Italy's new centre-left government to try and change the country's masculine corporate culture.

Marcegaglia, 49, dubbed "Italy's iron lady" in the press, landed the role at energy group Eni.

April 15, 2014

Entrepreneurial families in the UK generated approximately £540 billion (€654 billion) in revenues in 2013, adding £180 billion in gross value to the economy, and this figure is set to keep on rising, according to recent research.

Entrepreneurial families in the UK generated approximately £540 billion (€654 billion) in revenues in 2013, adding £180 billion in gross value to the economy, and this figure is set to keep on rising, according to recent research.

In the report Family affair: Spotlight on UK family SMEs, UK-based bank Barclays found there were 2.42 million first-generation, family-controlled small to medium-sized firms (SMEs), having climbed back from a low of 2.32 million in 2011 after the financial crisis.

April 14, 2014

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

Last week the Investment Corporation of Dubai (ICD), an arm of the United Arab Emirates government, confirmed it had bought a “significant” equity interest in the hotel group, which includes the Atlantis resort in the Bahamas and the One&Only resort chain.

April 10, 2014

The United States is home to some of the most successful family businesses in the world. From homespun cotton to farm fertiliser, family values matter in the land of opportunity, and are often the key to commercial success. Here are CampdenFB’s top 10 US family businesses to watch in 2014. 

The United States is home to some of the most successful family businesses in the world. From homespun cotton to farm fertiliser, family values matter in the land of opportunity, and are often the key to commercial success. Here are CampdenFB’s top 10 US family businesses to watch in 2014.

 

 

 

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