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Succession
Prince Harry and Meghan Markle’s decision to step down as senior royals and split their time between the United Kingdom and Canada holds a number of implications for business dynasties, and for the role of the “spare” in the “heir and spare” scenario during succession, family experts say.
Next gen James Murdoch’s burning rift with father’s media empire, revamped Musgrave Group snaps up drinks distributor and the World Economic Forum hails Henkel as frontrunner in the fourth industrial revolution.
Institut auf dem Rosenberg is one of the leading international boarding schools for boys and girls aged 6-19 years. Owned and run by the Gademann family, Bernhard Gademann, the fourth-generation headmaster, explains how their elite facility gives the young family business leaders of tomorrow the edge in a competitive world.
China’s billionaire business families are setting up their own family offices at a phenomenal rate as ageing principals shift their priorities from wealth creation to preservation and succession.
Pentland consolidates global Speedo portfolio ahead of Olympics, Heinrich Deichmann on family-funded growth and philanthropy, and family succeeds Georges Duboeuf, France’s “pope of Beaujolais”.
Effective communication between generations is essential for family business longevity and succession, and it’s never too late for families to start, says Ron LaVelle, a trusted adviser to ultra-wealthy families in the Bay area at Seiler LLP. LaVelle tells CampdenFB how families can get the basics right, from professionalising the family business and setting up the family office, to hiring and keeping the right people.
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