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Family companies are experiencing heir loss
Across the world, family firms are confronted with the problem of finding suitable successors in a shrinking pool.
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Many of the world’s biggest organisations, such as Samsung Electronics in South Korea, are family companies.
PHOTO: REUTERS
Adrian Wooldridge
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Family companies are the hidden engines of the global economy.
More than 90 per cent of all companies are family companies. These include many of the world’s biggest organisations, such as LVMH Moet Hennessy Louis Vuitton in France and Samsung Electronics in South Korea.
