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9/11

December 5, 2013

Australian family retail empire Westfield Group has announced it will retake full control of the retail space at New York’s World Trade Center – 10 years after it sold the retail concourse of the original site, in the wake of the September 11 terrorist attacks.

Australian family retail empire Westfield Group has announced it will retake full control of the retail space at New York’s World Trade Center – 10 years after it sold the retail concourse of the original site, in the wake of the September 11 terrorist attacks.

Westfield, controlled by the Lowy family of Australia, repurchased a 50% stake in the retail part of the lower Manhattan site in July 2011, and announced in a statement this week that it would pay $800 million (€587 million) to buy the remaining stake.

September 1, 2003

When the 1990s economic boom in the US ended, it forced families with their own businesses to focus on their core values, core competencies and to count their blessings – a good way to weather the tough economy

Craig E Aronoff holds the Dinos Eminent Scholar Distinguished Chair of Private Enterprise and is the founder of the Cox Family Enterprise Center at Kennesaw State University in Marietta, Georgia, USA. He is also co-founder and principal of the Family Business Consulting Group Inc. Drew S Mendoza is managing principal of The Family Business Consulting Group Inc.

When the 1990s economic boom in the US ended, it forced families with their own businesses to focus on their core values, core competencies and to count their blessings – a good way to weather the tough economy

January 1, 2003

September 11 caught the world by surprise. One year on, the World Trade Center isn’t the only thing being rebuilt – many family businesses have to face tough decisions on succession, sales, hiring and development

Mike O'Malley is a consultant, lecturer and executive coach. He specialises in developing solutions for the relationship problems among business members, outside stakeholders and management.

September 11 caught the world by surprise. One year on, the World Trade Center isn't the only thing being rebuilt – many family businesses have to face tough decisions on succession, sales, hiring and development

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