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third generation

July 22, 2021

Many articles or speeches about family businesses include a reference to the “three-generation rule,” which says that most don’t survive beyond three generations. But that perception could not be further from the truth.

If you’re a fan of the HBO show Succession, or if you’re aware of the conflicts playing out publicly and perennially among some of the most visible family businesses in the world—think the Murdochs or Sumner Redstone’s family—you might assume that family businesses are more fragile than other forms of enterprise.

June 19, 2021

Puig headquarters, Barcelona, 1990, 9:12pm, a young inexperienced product manager was looking at potential packaging designs for a new Puig perfume. He had to pick at least two finalists for a meeting with his boss the following day.

Puig headquarters, Barcelona, 1990, 9:12pm, a young inexperienced product manager was looking at potential packaging designs for a new Puig perfume. He had to pick at least two finalists for a meeting with his boss the following day.

May 21, 2021

Ambitious family offices in India are growing, diversifying and professionalising at pace, with more principals embracing succession planning and engagement with their next-generation, Campden Family Connect says on its fifth anniversary.

Ambitious family offices in India are growing, diversifying and professionalising at pace, with more principals embracing succession planning and engagement with their next-generation, Campden Family Connect says on its fifth anniversary.

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

June 23, 2014

The third-generation chief executive of Portugal’s largest listed bank, Banco Espirito Santo (BES), is set to stand down and be replaced by a non-family member.

The third-generation chief executive of Portugal’s largest listed bank, Banco Espirito Santo (BES), is set to stand down and be replaced by a non-family member. 

The 94-year-old bank’s announcement came shortly after a rights offering earlier this month that cost the Espirito Santo family their controlling stake in the Lisbon-based company.

The family had had a 54% stake, but this dropped to 46% after the €1 billion rights issue.

June 19, 2014

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

The family business, founded in 1896, has previously only supplied its chocolate range to Malaysian duty free shops.

Fourth-gen Matt Whittaker, head of international markets, says flavours being introduced have not previously been available in the Malaysian market, such as such as peanut butter, macadamia nut and dark peppermint fondant.

November 1, 2003

“You take money out of this business and give it to your sons. Then they turn around and compete directly with us. They use our equipment, steal our help and do everything to damage our business!”

"You take money out of this business and give it to your sons. Then they turn around and compete directly with us. They use our equipment, steal our help and do everything to damage our business!" yells Charles at Frank. Frank responds heatedly, "That is b******t. Your kids and Hank's kids get to work in the business but you won't let mine work here. My kids need to make a living like anyone else.

September 1, 2003

Despite competing with 75 other brands of water on the Swiss market, Pascal and Nicolas Rouges’ skill and motivation has made sure that Henniez is the second most consumed brand of water in the country

Denise Kenyon-Rouvinez is President and Founder of the Family Business Network Suisse Romande, and Associate of The Family Business Consulting Group.

Despite competing with 75 other brands of water on the Swiss market, Pascal and Nicolas Rouges' skill and motivation has made sure that Henniez is the second most consumed brand of water in the country

June 1, 2003

Pharmaceutical giant Boehringer Ingelheim employed its former tax principal to see its next generation into leadership. FIB examines Dr Heribert Johann’s unusual role as the first non-family chairman of the shareholders’ committee and next generation mentor

Melanie Stern is Section Editor of Families in Business magazine.

Pharmaceutical giant Boehringer Ingelheim employed its former tax principal to see its next generation into leadership. FIB examines Dr Heribert Johann's unusual role as the first non-family chairman of the shareholders' committee and next generation mentor

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