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Scooped by
Enzo Calamo
Today, 12:52 PM
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There are about 173,000 family businesses in Ireland. They employ nearly a million people. That’s more than the state and foreign businesses combined. But for a family business to sustain itself, at some stage it must pass to the next generation. That’s precisely the point at which the retailer John Foy and his daughter Kelly find themselves. They work side by side in Foy’s SuperValu in Cootehill, Co Cavan, which John, 64, founded 25 years ago and where Kelly, 37, has worked full time for more
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Scooped by
Enzo Calamo
Today, 12:52 PM
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Tsim Sha Tsui is known for its busy crowds, delicious food, and beautiful harbour view. Its history as a hub for Hong Kong’s storied suit tailor shops goes beyond that. Many of these shops are family-run and have been passed down through the generations…
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Scooped by
Enzo Calamo
Today, 12:51 PM
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‘When my grandfather passed away, my uncle continued running the business and, at that point, he decided that my father would not receive any financial inheritance’
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Scooped by
Enzo Calamo
October 4, 4:18 PM
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One of Russia’s most extraordinary entrepreneurial stories has taken a dark turn with tragic consequences. A shooting at the Moscow headquarters of Wildberries, the country’s largest online retailer, left at least two dead and seven others injured on Wednesday, according to media reports. The incident has plunged the billion-dollar company into turmoil, revealing the deep […]
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Scooped by
Enzo Calamo
October 4, 1:05 PM
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Apple Hill Lavender Farm—where business has bloomed for more than 100 years
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Scooped by
Enzo Calamo
October 2, 10:08 AM
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Karen Flavelle wanted to work at the family business, but first she had to convince her father
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Scooped by
Enzo Calamo
September 30, 11:02 AM
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It Happens More Often Than It Should It never ceases to amaze me that after hundreds of posts about the challenges of transitioning wealth from one generation of a family to the next, there are some subjects that I’ve barely even touched upon. This week, we’ll be looking at one of those, and I have […]
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Scooped by
Enzo Calamo
September 28, 3:18 PM
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Urban dwellers from Paris to Hong Kong know that a good pair of shoes is the perfect finishing touch for a comfortably chic, city girl look. For the past 60 years, since its founding in 1964, French family-owned footwear brand Jonak has kept this open…
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Scooped by
Enzo Calamo
September 28, 3:18 PM
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THE GERMAN INDUSTRIALIST KLAUS-MICHAEL KUEHNE, BORN IN 1937, IS ONE OF THE RICHEST PEOPLE IN THE WORLD, WITH MORE MONEY THAN KEN GRIFFIN, OR MACKENZIE SCOTT, OR FRANÇOIS PINAULT. WHERE DID HIS FAMILY FORTUNE COME FROM? THE NAZIS KNOW
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Scooped by
Enzo Calamo
September 28, 3:18 PM
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Separating the family business from the business of the family can be tricky, but preserving family harmony even as you transition away from your business is possible.
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Scooped by
Enzo Calamo
September 28, 3:17 PM
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I spoke with my son about the challenges of working together—and how we made it work.
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Scooped by
Enzo Calamo
September 25, 9:13 AM
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Behaviours can often be traced back to our childhood and parental influence, writes Francesco Lombardo
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Scooped by
Enzo Calamo
September 25, 9:10 AM
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Karen Flavelle wanted to work at the family business--but first she had to convince her father
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Scooped by
Enzo Calamo
September 23, 11:10 AM
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Going Far Together, But Not Sure Where Writing about the challenges that families face when charting the course to transition their wealth or business to the next generation can take on many forms. Lots of professionals who focus on certain aspects of this work become very specialized in useful techniques for such families, and will […]
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Scooped by
Enzo Calamo
September 21, 7:31 PM
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Janicki Industries started in the marine industry in the 1990s, but eventually began focusing on things that fly--a path that led to the B-21 Raider.
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Scooped by
Enzo Calamo
September 16, 11:30 AM
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A Simpler Way to Look at Life Every week here I discuss families in business or families of wealth, especially regarding the challenges they face when planning for their next intergenerational transition. Oftentimes, I’ll veer into related areas, including my own challenges as I interact with such families as an outside professional, who typically approaches […]
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Scooped by
Enzo Calamo
September 15, 2:13 AM
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Family Business UK has warned Labour against ripping up rules that allow family businesses to be passed on to the next generation without being hit with inheritance tax
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Scooped by
Enzo Calamo
September 15, 2:12 AM
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Parliament passed legislation last month that removes some ambiguity in the rules but also adds complexity
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Scooped by
Enzo Calamo
September 15, 2:12 AM
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Transitioning your family business to your heirs may sound simple enough, but in fact, doing it successfully can prove difficult. To help improve your transition’s chances for success, consider family business governance.
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Scooped by
Enzo Calamo
September 15, 2:10 AM
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Less than a month ago, Dr. Konstantin Frank Winery received national recognition for the third straight year from USA Today for having the top winery tour in America, highlighted by its 1886 Wine Experience.
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Scooped by
Enzo Calamo
September 15, 2:09 AM
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“It was eye-popping to see just how frequent this issue is.”
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Scooped by
Enzo Calamo
September 9, 12:15 PM
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Stop Kicking the Can Down the Road When speaking about the kind of work I do with families, the way I explain myself is always evolving. When I got into this a little over a decade ago, much of what I said had to do with how I was hoping to have a positive impact […]
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Scooped by
Enzo Calamo
September 8, 6:51 PM
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From a corporate career interrupted by COVID, Mirabela Muresan channelled her family’s entrepreneurial skills and founded AlessiaAdora with daughter Alessia
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Scooped by
Enzo Calamo
September 8, 6:50 PM
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Wayne and Eleanor Chiu, originally from Hong Kong, now have second generation involved in the family business and charitable foundation
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Scooped by
Enzo Calamo
September 4, 11:30 AM
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Dynamic planning should include look at lifestyle spending, long-term goals, future tax needs and philanthropy, wealth advisors recommend
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Curated by Enzo Calamo
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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