The European parliament certainly is talking positively about family businesses. But the question is will policy makers really make a difference.
Now it’s all about being an investment office.
Estimates place the total assets managed by wealth managers to be around $20 trillion. That’s an awful amount of money – more than the annual output of the US economy. But how much do single-family offices manage? A lot and it’s growing rapidly.
For the second generation it can be tough. Maybe the only way to prove to yourself you’ve got what it takes – and prove to your parents – is to become an entrepreneur yourself. That’s what Jan Olszewski has done.
The big business news story this week in France was family-owned Bouygues rejecting a bid for its telecoms business from rival Numericable-SFR, despite the juicy size of the offer. In France, the episode has been portrayed by some as a battle between a business that likes to see itself as representing all its stakeholders, against highly successful French businessman Patrick Drahi, who owns Numericalbe-SFR through his holding company Altice.
The founder of Comcast has died; Samsung comes under attack from a vulture fund, and Illy considers going down the same route as Segafredo.
Despite the fact that the family that controls L’Oreal, the world’s biggest cosmetics group in terms of sales have often had very public disagreements, a new book argues that the business owes a lot of its success to its family-ownership structure.
Wealthy immigrants from troubled parts of the world are increasingly coming to London, attracted by its tolerant, liberal culture and business-friendly legal system.