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family business

July 19, 2013

The chief executive of Market Basket will remain head of the family business for now, despite a marathon board meeting on Thursday where his cousin attempted to oust him from the role.
 

The chief executive of Market Basket will remain head of the family business for now, despite a marathon board meeting on Thursday where his cousin attempted to oust him from the role.

The US-based chain of supermarkets was ordered by the courts to hold a board meeting following their long-running disputes, with some board members stating incumbent president, Arthur T DeMoulas, was spending money recklessly and ignoring the advice of the board.

July 11, 2013

Many North American clothing brands that refused to sign a union-backed safety agreement following April’s factory disaster in Bangladesh, have now formed their own alliance to improve worker safety in the country.

Many North American clothing brands that refused to sign a union-backed safety agreement following April’s factory disaster in Bangladesh, have now formed their own alliance to improve worker safety in the country.

July 10, 2013

There's some things about business you just can't teach, and family businesses culture is one of them – which is why you should appreciate your next gens.

The British comic Vic Reeves once said that 88.2% of all statistics are made up. Generally, scepticism about stats is healthy, but not always. For example, a survey of HR professionals published in a recent book* found that 97% of recruiters said that having the right “mindset” is more important than having the right skills. Such near-consensus demands that you take notice. And it’s fantastic news for family businesses.

May 31, 2012

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges. 

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges.

January 4, 2012

The Duchess of Cambridge, best known as Kate Middleton, is gaining quite a reputation as a fashionista, donning Alexander McQueen on her wedding day and Catherine Walker on a royal tour of Canada last year. Now her seal of approval appear to have boosted one family business’s fortunes.

The Duchess of Cambridge, best known as Kate Middleton, is gaining quite a reputation as a fashionista, donning Alexander McQueen on her wedding day and Catherine Walker on a royal tour of Canada last year. But it’s not always high-end designers that the 29-year-old favours – she’s also been spotted shopping in high street favourites Topshop and Zara too.

January 3, 2012

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour. 

With his successful family business, large collection of art, multi-billion-dollar fortune and football team Stade Rennais Football Club, Francois Pinault doesn’t want for much – except the privilege of being a member of France’s Legion of Honour.

But the country’s president, Nicolas Sarkozy, recently announced plans to amend this – naming Pinault on the New Year's Honours list.

December 31, 2011

Scottish philosopher David Hume is most famous for his work on induction, arguing that we can’t ever know that the future will resemble the past. That could be the motto for 2012. 

During the summer - in the lull between the Arab Spring and the autumn, when the sovereign debt crisis grew up and became the eurozone crisis – there was a mildly diverting bit of banter in the Financial Times about which philosopher best illuminated the current state of the world, economically-speaking.

December 15, 2011

The Angelini family is likely to have more trouble choosing what bottles to uncork during the holiday season, as it recently acquired family business Bertani, a Veneto-based wine maker famous for its amarone, valpolicella and recioto wines. 

The Angelini family is likely to have more trouble choosing what bottles to uncork during the holiday season, as it recently acquired family business Bertani, a Veneto-based wine maker famous for its amarone, valpolicella and recioto wines.

The acquisition expands the portfolio of Tenimenti Angelini, the winery arm of the family company Angelini Group, which produces wines such as chianti, brunello di Montalcino and montepulciano.

December 10, 2011

When you’re the head of a luxury conglomerate like LVMH, there’s a certain upmarket reputation to uphold. So it’s of little wonder that chief executive Bernard Arnault is reportedly in talks to buy property on London’s exclusive Bond Street. 

When you’re the head of a luxury conglomerate like LVMH, there’s a certain upmarket reputation to uphold. So it’s of little wonder that chief executive Bernard Arnault is reportedly in talks to buy property on London’s exclusive Bond Street.

The family business is looking at a trio of shops on the street, including its flagshop Louis Vuitton store at 17-20 Bond Street, according to reports.

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