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legacy

February 24, 2021

Family business leader turned coach Philip Mackeown is calling on families to emerge from the Covid-19 crisis with an “additional font of courage within” and for their successors who must carry the businesses—and the family—forward.

Family business leader turned coach Philip Mackeown is calling on families to emerge from the Covid-19 crisis with an "additional font of courage within" and for their successors who must carry the businesses—and the family—forward.

February 20, 2021

William Clay Ford Jr, the family principal behind the motor giant’s electrification, Record revenue accelerates Walton family’s Walmart strategy, Sheldon Adelson heirs unlikely to gamble on his casino empire’s future.

William Clay Ford Jr, the family principal behind the motor giant’s electrification

The $1 billion electric vehicle transformation by the Ford Motor Company in Europe is a vindication for its fourth-generation executive chairman, William Clay Ford Jr, a lifelong environmentalist.

The $155.9 billion family-controlled automaker announced this week all of its passenger and commercial vehicle ranges in Europe will be zero-emissions capable—all-electric or plug-in hybrid—by 2026, moving to entirely electric by 2030.

February 3, 2021

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

January 26, 2021

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation. However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation.

However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

January 22, 2021

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

November 19, 2020

Why would a family who at one time owned up to 50,000 acres sell a house that has been in the family for 40 generations? This is what Will Garton-Jones, owner of the Llanfendigaid Estate in Wales has chosen to do, but it is not a decision that he will have taken lightly.

Why would a family who at one time owned up to 50,000 acres sell a house that has been in the family for 40 generations? This is what Will Garton-Jones, owner of the Llanfendigaid Estate in Wales has chosen to do, but it is not a decision that he will have taken lightly.

November 2, 2020

Due Jensen family heir named new chief executive of Grundfos, Lee Kun-hee leaves legacy of Samsung success but succession chaos, Warburtons shares pandemic dough with staff.

Due Jensen family heir named new chief executive of Grundfos

The Due Jensen family of Denmark has returned to helm their industrial giant Grundfos for the first time in almost two decades with the succession of next-generation heir Poul Due Jensen.

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

October 14, 2020

Ramesh S Ramakrishnan, the chairman of the global family-controlled shipping and logistics group Transworld, says being alert and agile for new opportunities will be vital for families as businesses cope with the new post-pandemic world.

Ramesh S Ramakrishnan, the chairman of the global family-controlled shipping and logistics group Transworld, says being alert and agile for new opportunities will be vital for families as businesses cope with the new post-pandemic world.

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