The most basic and perhaps most ultimately effective strategy for leaders dealing with the challenges of family business is to plan, create and maintain effective communication practices.
NEWS & ANALYSIS
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Much has been written about "The Great Wealth Transfer" that is expected to happen over the coming years as Baby Boomers pass their wealth to next generations. Both the estimates of what value is to pass, by inheritance or gift, and the timeline over which this is to happen vary widely.
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Say Flanders, think research and technology. Belgium’s northern region is a well-known beacon of innovation. Its companies, research centres and knowledge institutions are at the basis of ground-breaking solutions in niches like digital, health and climate tech.
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Indian diamond merchant Savji Dholakia says the trust of family, staff welfare and environmental, social and governance values are his priorities in his $1.2 billion family business, with finance and growth the “by-products” of his lifelong enterprise.
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Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.
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Features
Business families have demonstrated their resilience during the Covid-19 pandemic, but some principals are concerned the storm clouds of inflation are gathering over their roads to recovery.
Johnny Hon, founder and executive chairman of venture capital firm Global Group International Holdings, has pursued success in business as a route to giving back. He explains why philanthropy is important to him and what he has learnt along the way.
Family Office
Why should a family business recruit non-family talent, and in particular a non-executive director? The answer lies in three areas—fresh perspectives and breadth of experience, independent oversight and constructive challenge, and performance.
Founding Rothermere family mulls bid to take Daily Mail group private again, Ali Group merges with Welbilt after founder Luciano Berti dies aged 89, Arnault family’s L Catterton tipped to acquire Etro family business.
Most Read
- Entrepreneurial families in a post-Covid world—where wealth transfer meets governance transfer
- FB Roundup: Exor, Ermenegildo Zegna, L Brands
- Savji Dholakia on diamonds, family business and teaching values in the next generation
- Revealed: the wealthy families behind India’s first Olympic gold
- Unravelling the mechanisms of how ‘tech makes Flanders tick’
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