Family Capital

A French lawyer thinks that their collaborative nature means that family businesses are playing a leading role in the “third industrial revolution”. 

The Wallenberg family ring the changes at Investor, the Koch brothers raise a billion for the 2016 elections, and a fish tycoon moves into English football. 

Leaderless organisations are all the rage, but successful ones are few and far between. Some of the best-known examples are actually family firms. That is no accident. 

If you’re prepared to wait 200 years you just might just be able to gain membership to this group of the world’s elite family businesses. 

If even the powerful matriarch of the L’Oreal dynasty can be preyed on it can happen to anybody. Families should make sure their succession plans involve the older generation. 

Modern business families have a huge variety of complex risks to cope with and evidence suggests that they are not doing it well. They have to improve, because it’s only getting more difficult. 

The Saudis have broken every rule in the book, and the result is uncertainty. There are lessons to be learned. 

Ena Baxter, who turned Baxters soups into a global business, had died aged 90; also, Aldi heir wins art fraud case; succession shenanigans at South Korea’s Lotte.

The sixth-generation watch-maker is angry about the effect of the Swiss franc’s appreciation on exporters, but still positive about his own niche brands. 

Many current owners of family businesses are refusing to retire, leading to frustration among the next generation of family members.