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Germany

October 10, 2012

More than half of German next-gens want to take over their family business, bring in outside managers and focus on international expansion, while only 4% would consider selling the family firm. 

More than half of German next-gens want to take over their family business, bring in outside managers and focus on international expansion, while only 4% would consider selling the family firm.

April 21, 2012

CampdenFB and Ernst & Young held its second European family business roundtable in March, with the meeting this time in Frankfurt. And, as to be expected, top of the agenda was the German family business model and its success.

CampdenFB and Ernst & Young held its second European family business roundtable in March, with the meeting this time in Frankfurt. And, as to be expected, top of the agenda was the German family business model and its success.

Delegates came from a number of top German/Austrian family businesses, including the white goods manufacturer Miele, and the logistics groups Fiege and Gebrüder Weiss.

March 4, 2012

Family businesses are the driving force of Germany’s economy and behind much of its success as the second biggest exporter in the world. CampdenFB takes a look at some of the leading German family businesses in an interactive graphic.

Family businesses are the driving force of Germany’s economy and behind much of its success as the second biggest exporter in the world. They come in all shapes and sizes and include two of the country’s iconic car makers, Volkswagen and BMW.

But many of them are the famed Mittelstand companies – small and mid-sized firms, controlled by the founder or the founder’s family, that drive forward Germany’s economy, which is Europe’s largest.

February 28, 2012

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

German carmaker Volkswagen said revenues jumped 25.6% to €159.34 billion in 2011, from €126.88 billion in 2010.

February 27, 2012

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

German family business Merck, which operates in the pharmaceutical industry, plans to reduce its workforce “across all businesses and regions”, according to a statement.

January 31, 2012

The family behind German drugstore chain Schlecker has lost its multi-billion-euro fortune and will be unable to put in money to revive the family business.

The family behind German drugstore chain Schlecker has lost its multi-billion-euro fortune and will be unable to put in money to revive the family business.

That’s according to second-generation Meike Schlecker, who said in a statement that “there are no significant funds [with the family] anymore that could have helped the company”.

January 18, 2012

As the interminable death throes of Greece’s euro membership continue, discussion has centred on the uneasy relationship that the Greeks appear to have with truth and probity (And how this contrasts with the upright, scrupulously honest Germans). 

As the interminable death throes of Greece’s euro membership continue, discussion has centred on the uneasy relationship that the Greeks appear to have with truth and probity (And how this contrasts with the upright, scrupulously honest Germans).

November 30, 2011

A new study by consulting firm Booz & Co says that wealth managers in Switzerland could lose as much as €41 billion as a result of a tax crackdowns by the UK and German governments.

A new study by consulting firm Booz & Co says that wealth managers in Switzerland could lose as much as €41 billion as a result of a tax crackdowns by the UK and German governments.

Based on interviews with senior wealth management experts in Switzerland, the report also said that private banks will also lose around €1 billion in revenues as clients with offshore assets start withdrawing their money.

But some reckon that the tax treaties signed with the UK and Germany will benefit the Swiss financial sector in the long run.

October 26, 2011

One of Europe's biggest logistics companies is grooming the management skills of the sons of the two brothers who run the business. Rashmi Kumar asks whether the German company has struck upon the perfect succession plan.

Felix and Jens Fiege could easily be Europe’s poster boys of next- generation family business success.

Cousins Felix and Jens are the fifth generation of the Fiege family to work at the eponymous business, set up more than a century ago by their great-great-grandfather Joan Joseph Fiege in the small town of Greven in the German state of North Rhine-Westphalia.

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