Family Business Yearbook 2014

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We are delighted to present the third edition of our Family Business Yearbook. The book is designed to celebrate excellence in family businesses, present some of our latest thinking on the issues facing today’s family firms and provide a glimpse of what is going on inside some of the world’s greatest family businesses.

Profiles of our Entrepreneur Of The Year™ Family Business Award of Excellence winners form the focus of this yearbook. Our winners are from many different sectors and they are all true innovators and, more often than not, lead their markets.

Together, these profiles form an unparalleled collection of inspirational stories from some of the most successful multigenerational entrepreneurial family businesses in the world.

The Family Business Award of Excellence was launched in 2012. It is part of our Entrepreneur Of The Year™ Program, and recognizes exceptional entrepreneurs who lead their own family businesses. Four years on, it is now taking place in more than 25 countries. With just 10% of all family-owned businesses surviving beyond the second generation, our winners are a testament to the unique resilience, family values and long-term vision that characterize the world’s most successful family businesses.

The yearbook also shows that family businesses are key contributors to their communities. To emphasize this, we have dedicated our “Special recognition” section to André Hoffmann, Non-Executive Vice-Chairman of Roche Holding Ltd. The family-controlled global heavyweight in the pharmaceutical and biotech sector provides a great example of how the long-term vision and values of the founder and his family have contributed to making the firm an example of sustainability while accelerating the delivery of health care, especially in developing economies. Roche’s model of innovation sets it apart from its competitors, as does the company’s commitment to communities and the environment.

The thought leadership section of this yearbook features interesting articles providing insights into our latest Family Business Philanthropy Study, carried out in collaboration with the Center for Family Business at University of St. Gallen, as well as an interesting analysis of ownership and family participation in management among the top 500 largest family businesses in the world.

To get all this content and more, you can request a hard copy of this inspiring Family Business Yearbook 2016 here.

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Europe - overview

Peter Englisch, Global Leader, EY Family Business Center of Excellence

Undeniably the greatest issue Europe faces today is the influx of refugees. Estimated to be the biggest refugee crisis in the region since the Second World War, it represents a huge challenge for the whole of the continent. The crisis poses many questions, not least: how can Europe absorb so many people and what will be the social implications?

Read the full overview here or view our family businesses in Europe facts and figures.

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Peter Mitterbauer Sr. and Peter Mitterbauer Jr.

Miba AG, Austria

Family businesses often start with the extraordinary effort and vision of the first generation, with the next generation building on that legacy but following its own approach. Miba, one of Austria’s top technology and engineering groups, is a good example of this. Recently transitioned to third-generation control, the company established by the Mitterbauer family has overcome all the challenges it has encountered over its nearly 90-year history, thanks to the tenacity and entrepreneurship of each generation.

Download the full case study here.

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Karin and Martine Reynaers

Reynaers Aluminium, Belgium

Reynaers is a leading European specialist in the development and marketing of innovative and sustainable aluminum solutions for the building sector, such as windows and doors. Over 50 years old, the company has been built on the strong commitment of every generation of the Reynaers family. Now run by second-generation members Martine and Karin Reynaers, the group has become a truly global business.

Download the full case study here.

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Holger Bagger-Sørensen

Bagger-Sørensen & Co. A/S, Denmark

A Danish family business called Bagger-Sørensen has been at the forefront of the global chewing gum industry for more than 100 years. Now under the management of the fourth generation, Bagger-Sørensen has thrived for so many years as a family business thanks to the determination and innovation of every generation. And third-generation member Holger Bagger-Sørensen, who recently stepped down from his responsibilities at the gum maker, is the living embodiment of these qualities.

Download the full case study here.

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Hannes and Peter Berner

Berner Ltd., Finland

The Berner family runs one of Finland’s bestknown businesses, one whose history stretches back more than 130 years. The current family members believe that their strength lies in having a realistic attitude to growth and in not taking too many unnecessary risks. But the family’s ability to adapt to changing consumer taste and economic challenges has also played a huge role in the success of the business, which is now run by a combination of the fourth and fifth generations.

Download the full case study here.

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Laurent Burelle

Plastic Omnium, France

Plastic Omnium is one of the world’s biggest makers of car components. Based just outside of Paris, the multinational is currently run by the second generation of the Burelle family, led by Laurent Burelle. Innovative and entrepreneurial right from the start, Plastic Omnium has grown into a multibillion-dollar business with factories all around the world. And underpinning all this is a family committed to all its stakeholders and determined to follow the best examples of family business stewardship.

Download the full case study here.

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Erich, Regine, Alexander and Konstantin Sixt

Sixt Group, Germany

Synonymous with high-end car rental around the world, the Sixt Group is one of Germany’s most successful family businesses. Now run by a combination of the third and fourth generations, the group has benefited from being led by successive generations of innovators. And an adventurous culture continues to thrive at the Munich-based company, as it looks to stays at the forefront of how the world gets around in the 21st century.

Download the full case study here.

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Matteo Lunelli

Lunelli Group, Italy

Matteo Lunelli might just have one of the most exciting jobs in Italy. He is the Chief Executive of a luxury beverage group whose premier product is Ferrari, considered by many to be one of the world’s great sparkling wines. The business is currently led by the third generation of the Lunelli family, which has owned the company since 1952. Ferrari’s history, however, goes back further, to the work of the company’s founder Giulio Ferrari at the beginning of the 20th century. Remaining closely linked to Trentino, the Italian region where it is produced, the Ferrari brand is a fine embodiment of the best of family business.

Download the full case study here.

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Johan H. Andresen

Ferd AS, Norway

Today, Ferd is one of Scandinavia’s most successful investment groups, and also one of Norway’s oldest family businesses. Ferd is currently led by fifth-generation family member Johan H. Andresen. More than 15 years ago, together with his father, he took the bold decision to sell the main operating business and transform the company into an investment house. Johan believes that one of his biggest achievements has been the development of the Ferd Social Entrepreneurs business. This, he says, will help to engage the interest of the next generation and foster Ferd’s longevity as a family business.

Download the full case study here.

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Štefan, Irena, Matjaž and Nuša Pavlinjek

ROTO, Slovenia

ROTO, one of Europe’s leading manufacturers ofrotationally molded plastic products, is a great example of a family business from Slovenia that has thrived in the global economy. Run by the second and third generations of the Pavlinjek family, ROTO is a firm believer in family and employee stewardship. And because many of the family members and business leaders at ROTO are pilots of helicopters or airplanes, they like to say that their business decisions are taken from a “helicopter perspective.”

Download the full case study here.

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Santiago and Rafael Vivanco

Vivanco Winery, Foundation and Museum, Spain

When it comes to passion, few family businesses express it better than Spanish winemaker Vivanco. Based in the region of La Rioja, the business is now managed by the fourth generation of the Vivanco family. But Vivanco is more than just a great winemaker. The family business believes so strongly in wine culture and wine history that it has built a museum on its estate, dedicated to wine, the best in the world by the World Tourism Organization (UNWTO). The business also holds many cultural events relating to the great drink. Because for the Vivanco family, every aspect of wine is connected to the success of the business.

Download the full case study here.

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Kirsten, Finn and Jörn Rausing

Tetra Laval Group, Sweden

Mention the brand Tetra Pak to almost anyone in the world, and they will most likely identify it with the carton packages used for distributing beverages such as milk and juice. Behind the success of the Swedish Tetra Pak company has been the Rausing family. Three generations have worked to create the multibillion-dollar company Tetra Pak, a company that is now one part of the Tetra Laval Group. With the vision and drive of Ruben Rausing at the beginning, the entrepreneurship of the second generation and the strategic leadership of the third, each  generation has played a crucial role in Tetra Pak’s success.

Download the full case study here.

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Dr. Pietro Supino

Tamedia AG, Switzerland

Tamedia owns and publishes many of Switzerland’s best-known newspapers, magazines and websites. More than 100 years old, the media group is still controlled by the founding family. Currently at the helm of the business is fifth-generation family member Pietro Supino. For more than 20 years, he has successfully shaped the development of the media company, putting it into great shape for the 21st century. And at the same time, building the family unity that underpins the business.

Download the full case study here.

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James and Timothy Wates

Wates Group, United Kingdom

When it comes to good governance, few privately controlled businesses can boast about it as much as UK construction and development company Wates Group. In its more than 100 years as a business, Wates has built and renovated some of the finest structures in the UK. But it is equally proud of its robust governance structures, which have helped create one of the most respected businesses in the country. With the company now controlled by the fourth generation, the members of the Wates family are immensely proud of the company’s achievements.

Download the full case study here.

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North America - overview

Carrie Hall, Americas Family Business Leader

North American family businesses continue to prosper, as our profiles of this year’s winners for the region testify. Their success is a great example to all family businesses across the region. But family businesses are not without their challenges, and perhaps the biggest emerging one is the generational shift in ownership. In North America, trillions of dollars of assets, many of them held in family businesses, are poised to move from the baby boomer generation to their children over the next 20 to 30 years. This will be the biggest transfer of wealth in history, so it matters a lot for family businesses.

Read the full overview here or view our family businesses in North America facts and figures.

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Brandt Louie

H.Y. Louie Co. Limited, Canada Pacific

H.Y. Louie Co. Limited holds a very special place in the history of British Columbia. Tracing the history of the business through the 20th century opens a window into the extraordinary history of the Chinese community on the West Coast of Canada. The business was founded more than 100 years ago by Hok Yat Louie. As well as struggling with the difficulties that face all entrepreneurs, he had to deal with the widespread prejudice prevalent at the time. His perseverance and resilience have been an example for successive generations. Today, H.Y. Louie Co. Limited is moving into its fourth generation as a family business. It is led by Brandt Louie, who is recognized as a doyen of the North American business community and an exemplar of the best of family business.

Download the full case study here.

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Andy Peykoff II

Niagara Bottling, LLC., USA

California-based family firm Niagara Bottling has been one of the fastest-growing businesses in America in the last 20 years. Niagara was founded in 1963 by Andy Peykoff Sr. and is now led by second-generation Chief Executive Officer Andy Peykoff II. Andy’s success at Niagara has been truly remarkable. Today, Niagara is America’s largest private-label bottled water supplier. Andy is a big believer in family business, and says that Niagara could not have achieved such great success if it had not been family controlled.

Download the full case study here.

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Latin America - overview

André Viola Ferreira, Latin America Family Business Leader

The family business sector in Latin America remains resilient, despite the difficulties some of the economies are going through at the moment. The winning businesses featured this year in the yearbook – Itaú Unibanco (Brazil), Danper (Peru) and Sempertex (Colombia) – are great examples of this resilience and determination to succeed. Indeed, family businesses often perform better than non-family businesses when economic times are tough and, in many cases, this is happening in Latin America. Many are burdened with less debt and can draw on their cash reserves during economic downturns. Also, their emphasis on the long term means they will not become overly concerned about economic problems, because they can look beyond these and see a brighter future.

Read the full overview here or view our family businesses in Latin America facts and figures.

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Roberto Setubal

Itaú Unibanco, Brazil

Three families created the banking powerhouse known today as Itaú Unibanco, which ranks among the biggest banks in the world. Roberto Setubal, the bank’s Chief Executive and a member of one of the owning families, believes that family unity has played a crucial role in creating the very successful banking business, and that the families’ long-term perspective to growth has helped them to avoid the worst pitfalls associated with financial risk.

Download the full case study here.

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Oswald Loewy

Sempertex SA, Colombia

A business that makes balloons is one of South America’s greatest export success stories. Sempertex, a family business, was founded by a refugee from Nazi Austria. And under his son Oswald Loewy, the business has grown into one of Colombia’s most successful companies.

Download the full case study here.

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Rosario Bazán

Danper Trujillo SAC, Peru

Peruvian agribusiness Danper provides an excellent example of how a business based in a developing country can be both successful financially and socially committed at the same time. It has achieved this through the efforts of its husband-and-wife leadership team. They have placed corporate and social responsibility at the heart of everything the company does. Despite having achieved success in a relatively short period of time, Rosario Bazán and her husband, the founders of the business, are very much committed to the long-term future of the company and determined to pass it on, eventually, to the next generation.

Download the full case study here.

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Asia-Pacific - overview

Ian Burgess, Asia-Pacific Family Business Leader

Family businesses have played an exceptional role in the dynamic economies of the Asia-Pacific region and will continue to do so. This year, EY features two such businesses in the yearbook — Singapore’s Eu Yan Sang and Australia’s Ray White. These companies are excellent examples of family businesses being nurtured by successive generations and going on to become global businesses. There are many examples of family businesses like these two in the region, and they will continue to thrive and prosper as successful family businesses.

Read the full overview here or view our family businesses in Asia-Pacific facts and figures.

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Brian White AO

Ray White Group, Australia

Ray White is Australia’s biggest real estate company and one of the country’s best-known family businesses. Starting out more than 110 years ago in a now-famous shed in an out-of-theway town in northern Australia, Ray White has grown into a multinational real estate company and mortgage business with more than 1,000 offices. Run by a combination of the third and the fourth generation, Ray White owes much of its success to being a family business. And it is not only Ray White itself that is a family business, but also many of its hundreds of franchised real estate agencies.

Download the full case study here.

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Richard Eu

Eu Yan Sang International Ltd. (EYSIL), Singapore

Before they became the businesses we know so well today, many famous companies had to go through serious difficulties and major transformations. One business that had to go through many struggles before achieving its current global success is traditional Chinese medicine group Eu Yan Sang. After a number of difficult decades, which saw much of the Eu family businesses sold off, a revival began under the stewardship of the fourth generation, led by current CEO Richard Eu. His inspiration was to take the company back to where it all started — traditional Chinese medicine — and to consolidate everything around this. His success in doing so provides an inspirational tale of family business renewal and success.

Download the full case study here.

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Special Recognition - André Hoffmann

Roche Holding Ltd

André Hoffmann is the leading representative of the family behind one of Europe’s greatest family businesses, the pharmaceutical group Roche. A great believer in the importance of family businesses to the world economy, André has helped to create a special relationship between his family and the company his great-grandfather founded in the late 19th century. André’s efforts make him a role model for anyone involved in a family business moving from one generation to another. And his example shows how a family can maintain a harmonious relationship with the company it owns, many generations after the business was founded.

Download the full case study here.

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Philanthropy and the family business

Translating family ethics and values into giving

Family business philanthropy is a vital contributor to education, health and humanitarian aid globally. In the US, corporations and foundations, many of which are family-owned, donate over US$67b per year. In the UK, the top 100 family businesses and foundations contribute £908m per year to societal causes and, in Germany, family foundations donate around €490m every year to philanthropic projects1. But what drives families to engage in philanthropy? What form of philanthropy do they pursue? How is family business philanthropy managed and evaluated? And do government incentives have a part to play?

Download the summary here or request a hard copy by emailing us. 

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The top 500 family businesses in the world

David Bain, Family Capital

Launched last year, the Global Family Business Index of the top 500 family businesses in the world has established itself as a definitive list. Indeed, there are now financial products that are linked to the index. This demonstrates that the world is realizing the huge role family businesses play in the global economy and that they will continue to do so. The index, compiled by St Gallen University with EY’s support, ranks the world’s biggest family businesses in terms of revenue. The rankings also quantify who owns the business, what proportion they own, how many people they employ and when the business was founded.

Download the summary here.

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