Family Business

The next Tim Cecil

1 comment
In the late 1800s Henry Bucks buttonholed the high-end market of men's fashion with a reputation of offering well-tailored shirts. Over 100 years later, and the business is still going strong -- despite the family running succession pretty close to the wind for generations.

Keeping the faith: a family business dynasty with religious conviction

1 comment
From the early days of building textiles machinery from secret plans to now becoming a major player on the global oil stage, the Schlumberger family’s religious values remain at the core of its work ethic.

What’s in store for family business’ future

Family businesses of the future will look very different to today's organisations. New opportunities will arise in a range of sectors, while ownership teams will be transformed.

Westfield Corp confirms dividend guidance

Shopping centre giant reports slight revenue lift in first results since restructure.

Kennards Hire awarded family business of the year

Family-owned hire company wins top award at national family business conference.

Picks of the week

In this week's essential reading guide, Kohler assesses the impact of the digital revolution, Bartholomeusz delves into the details of BHP's demerger, and Gottliebsen talks to the one minister who has a vision for Australia.

Richest Australian families boost fortunes in 2014

This year’s BRW rich families list shows a healthy lift in the bank accounts of nine of the top 10 richest business clans.

How to light a fire under the next generation

1 comment
A common theme in Asian family businesses is sending the next generation to expand the company abroad. It's a daunting and difficult assignment, but the independence can lead to triumph.

How Bobbie the bear became a Chinese sensation

1 comment
When Robert Ravens bought a run-down lavender estate in Tasmania, he never imagined his farm would become a tourism mecca... until an ingenious use for old dried lavender flowers changed everything.

Corporate Australia's family connection

Family businesses can morph into something unexpected regardless of whether they stay in private hands, become a showstopper on the stock exchange or the subject of takeover after takeover.

From mining to modern art: the Guggenheim legacy

The Guggenheims have long been associated with their contributions to philanthropy and contemporary art, but the family's dynastic wealth was built from a hole in the ground.

How to find security in security

1 comment
The security industry used to be a retirement home for policemen, but it is being transformed by the digital revolution. For firms like SNP Security, future growth lies in innovation.

Nick Scali sales defy retail gloom

by AAP
Family-owned furniture business lifts profit by 16% as sales grow.

Filthy rich: Australian families who get their hands dirty

These families have rolled up their sleeves, put a peg on their nose and got stuck into the most unpopular businesses around. But their bank balances, for the most part, have polished up nicely.

Palmer defends son's right to run for PUP

by AAP
Clive Palmer defends against nepotism claims and says family members should be free to run for PUP selection.

The winding road behind the Fiat dynasty

Italy’s industrial royalty, the Agnelli family, has managed to thread the needle of family ownership in one of the world’s biggest car companies. But the family’s road has been littered with both riches and smoldering crashes.

To have and to hold: How five huge business families maintain their wealth

Some of the world's most prosperous businesses have been closely held by family members for generations.

The second coming of EH Brett (and Australian manufacturing)

Two brothers are successfully reviving their fourth-generation sailmaking firm, and they are sure local manufacturing can also stage a comeback with the right emphasis on vocational training.

Training firm aims for $99m listing: report

The family-owned Ashley Services aims to list on the ASX later this month.

Paspaley charged over death of pearl diver

by AAP
The family-owned pearling company has been charged over the 2012 death of Jarrod Hampton.