Published: 12 August, 2026
Some of the world’s biggest companies are family run – from Walmart to Comcast, Dyson to Aldi – but what makes such businesses so appealing to consumers and how do they plan for succession to retain their credentials? In terms of the latter it’s not as simple as just assuming or hoping that the next generation will step up to take over the reins when the time comes, or even that such an option remains viable since the changes in inheritance tax introduced in the 2024 Budget, even though they were more favourably amended at the end of last year.
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Published: 15 August, 2025
Seasoned veterans of the trade know the phenomenon all too well: there are few tasks more daunting – or more critical – than the delicate management of family succession. With persistent inflation, shrinking margins and declining consumption, the long game of generational transfer has never felt more precarious. Some businesses may even face the uncomfortable reality that their children do not want to take over – or that the numbers simply no longer stack up.
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South Australia's Wakefield Wines has announced that, after 25 years as MD, Mitchell Taylor (pictured left) is taking on the new role of chairman of the board and John Freeman (pictured right) will become CEO from 21 July.
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Published: 11 August, 2023
James Lawrence dives into the complex world of family-owned and run wineries to assess how they prepare for a successful (and undramatic) succession.
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