Family Business Yearbook 2014

Read the Family Business Yearbook here

The 2017 edition of the EY Family Business Yearbook celebrates excellence in family businesses and presents some of our latest thinking on the issues they face today. It demonstrates EY’s commitment to family businesses and provides a glimpse inside some of the world’s greatest family firms.

The yearbook focuses on profiles of our EY Family Business Award of Excellence winners from a cross-section of sectors. The winners are all innovators and, more often than not, lead their markets. These inspiring stories from some of the most successful family businesses in the world provide key learning points for other family businesses.

Articles in the thought leadership section of this yearbook are full of the lessons we learned from our award winners. They focus on innovation, growth and talent, and how governance and succession planning have represented key factors in facilitating their market leadership.

We also present the key findings from the 2017 Global Family Business Tax Monitor. In a piece of joint research, EY and the University of St. Gallen have compared 69 different countries’ inheritance rules and their impact on family business succession.

The spotlight on our family business growth accelerators measures growth of the top 500 family businesses worldwide between 2012 and 2015. We discovered some exceptional performances that help debunk the myth that family businesses grow sustainably but more slowly than other businesses.

View all the content of the inspiring Family Business Yearbook 2017 here.

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Europe - overview

Peter Englisch, EY Global Family Business Leader

Is Europe at a crossroads? I think it is, because what happens in 2017 and 2018 will define the future direction and prosperity of the continent for many years to come. The European Union is dealing with the question of whether the countries that constitute it will stand together or fall apart, and the next two years will be crucial in deciding the outcome. Brexit has brought into sharp focus the fault lines within Europe, which center on the growth of nationalism in many parts of the continent. For Europe’s family business community, these issues raise many questions. All businesses like certainty and, if Europe becomes more divided, economic certainty will be undermined. But, as we have seen so many times in the past, family businesses are the most resilient of all types of business structures.

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

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Friedrich Santner

Anton Paar GmbH, Austria

Anton Paar makes some of the most technologically advanced measuring devices in the world. The Graz-based company is also a fourth-generation family business with a unique foundation ownership structure. This ensures Anton Paar is strongly linked to all its stakeholders. The structure underpins the company’s commitment to R&D, which gives Anton Paar its advantage in a highly competitive industry.

Download the full profile here.

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Guido Vanherpe

La Lorraine Bakery Group, Belgium

La Lorraine Bakery Group is one of Europe’s biggest bakery companies. Supplying more than 2,300 supermarkets in its home country of Belgium, La Lorraine is also the number one frozen bakery company in Eastern Europe. Guido Vanherpe is La Lorraine’s CEO and a member of the third generation of the family to run the company. Under his guidance, La Lorraine has prospered. Indeed, it is one of the fastest growing bakery groups in Europe, thanks to an ongoing commitment to entrepreneurship at all levels of the business, as well as exceptional governance structures.

Download the full profile here.

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Jørgen Mads Clausen

Danfoss, Denmark

Denmark has its fair share of famous family businesses, but few stand out as prominently as the engineering group Danfoss. Founded in 1933, Danfoss today is one of the country’s most successful businesses, with its products sold across the globe. Chaired by second-generation family member Jørgen Mads Clausen, Danfoss is owned by the Clausen family through a foundation structure, which is also the focus of the family’s impressive philanthropic efforts. The ownership structure was designed to put the business first, and it continues to work extremely well more than 45 years since it was put in place.

Download the full profile here.

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Zachary and Vesa
Mäenpää

Tammer-Tukku, Finland

When it comes to consumer goods, there’s little that Tammer-Tukku doesn’t know. With its premier 7,000-square-meter showroom in Finland, the company displays more than 15,000 products. It is also a family business, which is now managed by the third generation of the Mäenpää family. Very much an established brand in Finland and beyond, Tammer-Tukku has navigated the often fickle world of consumer taste and demand through good and bad times for more than 60 years.

Download the full profile here.

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Denis Lambert

The LDC Group, France

The LDC Group is one of Europe’s biggest poultry companies, employing more than 18,000 people. It is also a family business. In fact, a multifamily business, as it is owned by four families. Denis Lambert, second-generation family member and Chairman and CEO of LDC, has been pivotal to its success. Since he joined the business in the early
1980s, Denis has overseen tremendous growth. A great believer in the family business tradition, Denis says a big part of LDC’s success is its adherence to stakeholder values.

Download the full profile here.

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Bernhard Simon

Dachser, Germany

Dachser is one of Europe’s biggest logistics companies. Now in its 87th year, the German company has flourished as a 100% family-owned business. Under the leadership of third-generation family member Bernhard Simon, Dachser has always placed innovation at the heart of its business and has been one of the fastest adopters of new technology in its sector. Dachser also has an exemplary governance structure, which underpins its sustainability as a family business.

Download the full profile here.

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Alessandro Barberis Canonico

Vitale Barberis Canonico, Italy

When it comes to the production of some of the finest textiles in the world, few companies do it better than Vitale Barberis Canonico. This might partly be down to the fact that the Italian woollen textile maker has been doing it for a very long time — in fact, since 1663. And, during all that time, it has been a family business. Now run by the 13th generation, with Alessandro Barberis Canonico at the helm, Vitale Barberis Canonico is a great example of how tradition and innovation can work together to create a 21st-century family business with roots in the 17th century.

Download the full profile here.

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Frits van Eerd, Colette Cloosterman-van Eerd and Ton van Veen

Jumbo, Netherlands

Jumbo, a Dutch supermarket chain, is one of the best known brands in the country. In the last eight years, the company has experienced very rapid growth and is now the second-biggest supermarket chain in the Netherlands. Currently run by third-generation members of the van Eerd family, Jumbo is also one of the country’s most successful family businesses. Its steadfast commitment to all its stakeholders and its continual efforts to innovate have played a big part in its achievements.

Download the full profile here.

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Ovidiu Buluc

Farmexim, Romania

After more than 25 years of experiencing fully functional market economies, countries in Central Europe are beginning to create robust family businesses with second-generation involvement. One of those, and one that offers a great example to businesses throughout the region, is the Romanian-based pharmaceutical group Farmexim. Started by Ovidiu Buluc in 1990, Farmexim is today among the biggest pharmaceutical companies in Romania. It is also transitioning to second-generation ownership and control — with Ovidiu’s two daughters Isabelle and Alina moving up the ranks and taking key roles within the business.

Download the full profile here.

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Bogomir Strašek

KLS Ljubno, Slovenia

When family businesses look back at their history, they often say that they survived difficult periods thanks to the strength of the family’s values and culture. One such business is KLS Ljubno, a Slovenian car components manufacturer. Today, it is one of the world’s most successful producers of ring gears for engines, but it has experienced some difficult times getting to where it is now. Owned and run by two generations of the Strašek family, KLS is one of Slovenia’s economic success stories.

Download the full profile here.

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José Luis Calvo

Grupo Calvo, Spain

Three generations of the Calvo family have created one of Europe’s leading food businesses, which has a global presence and an international reputation for excellence. Founded in 1940, Grupo Calvo is today one of the biggest fishing and fish processing and distribution businesses in the world. Now overseen increasingly by the third generation, the group has prospered against a background of strong values, such as placing its stakeholders at the center of its business.

Download the full profile here.

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Peter, Lisa and Martina Rejler

Rejlers, Sweden

Rejlers, a Swedish engineering consultancy company, is a great example of a very resilient family business. Founded in 1942, Rejlers grew rapidly in the post-World War II economic boom years in Sweden. But businesses that survive as long as Rejlers often hit difficult times and, during the 1990s, the company came close to bankruptcy. But, with the determination of the third generation, Rejlers was brought back to health and is today one of Sweden’s most successful family businesses.

Download the full profile here.

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Hans-Rudolf Schurter

The SCHURTER Group, Switzerland

The SCHURTER Group is a classic Swiss-based midsize manufacturing business, which makes a niche product that is vital for the smooth running of the global economy. Family owned since its establishment in 1933, SCHURTER encompasses all the best aspects of a family business, with award-winning commitment to all its stakeholders. Equally important to SCHURTER and its owners is a commitment to innovation, the single most important aspect of the family’s constitution.

Download the full profile here.

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Nicholas Oughtred

William Jackson Food Group, United Kingdom

Few companies have managed to thrive for 165 years. Those that have are almost all family controlled. William Jackson Food Group is one such company, still owned and jointly managed by descendants of the man who started it all, William Jackson. Based in the north of England, the food group, which oversees well-known brands such as Aunt Bessie’s and Abel & Cole, continues to flourish and prosper. That’s thanks to the enlightened values of its family owners, who place the company’s stakeholders at the heart of the business.

Download the full profile here.

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North America - overview

Carrie Hall, EY Americas Family Business Leader

If there is a phrase that encapsulates the situation for the North American family business sector in 2017 and beyond, it’s probably “uncertain optimism.” We are expecting a lot of changes under the Donald Trump Presidency. Many of these will be good for family businesses, and that is fueling optimism. But there is also a great deal of uncertainty. After all, President Trump has an agenda that is likely to bring in some of the biggest changes to the business environment in a generation. And how that plays itself out for North American family businesses is uncertain.

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

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Robyn Eddy

Eddy Group, Canada Pacific

When it comes to having strong connections with the community, the Eddy Group must be among the foremost companies in Canada. The New Brunswick-based construction wholesale group has been an intrinsic part of its community for four generations. Robyn Eddy, its President, maintains the company’s links to its stakeholders. A big believer in the importance of Eddy’s well defined corporate culture, Robyn has successfully balanced the demands of the family shareholders with the growth of a dynamic business to create
one of Canada’s finest family firms.

Download the full profile here.

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Donald A. Wheaton

Wheaton Group, Canada The Prairies

Big companies often start in very small places.The Wheaton Group began in a small town called Porcupine Plain in the middle of Canada, and today is one of the biggest car dealership groups in the entire country. Founded by Donald Wheaton Sr. in the 1950s, the group is now controlled by the second generation of the Wheaton family, with Donald A. Wheaton as its President and CEO. A strong set of values, combined with innovation and diversification into other sectors, has created one of Canada’s outstanding family businesses.

Download the full profile here.

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Trisha Lemery

Winsert, Inc., United States

Winsert is a leading global provider of innovative alloy solutions to a variety of industries. It is also a second-generation family business that exemplifies the strong bond between a father and daughter and has created a world-beating manufacturer in the space of just 40 years. Based in a small town in Wisconsin, Winsert is also intrinsically linked to its community and has strong connections with all its stakeholders.

Download the full profile here.

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Latin America - overview

Beatriz Boza, EY Latin America Family Business Leader

Family businesses in Latin America continue to be the backbone of all the economies in the region, driving at least two-thirds of private sector activity. Companies such as Recamier in Colombia and Grupo Ultra in Brazil — both featured in the yearbook — are role models for the region’s family businesses, as well as for the whole corporate sector. Latin American countries can often see economic growth vary dramatically from year to year as they make the transition from developing to fully developed economies. With their emphasis on long-term goals rather than short-term profit, family businesses are more resilient and better able to absorb downturns and resist laying off workers when times are tough. That helps provide stability in countries where economic growth can sometimes be volatile.

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

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Ana Maria Igel

Ultrapar, Brazil

Ultrapar, one of the four biggest conglomerates in Brazil, is proud of its family business background. Now 80 years old, Ultrapar was started by Ernesto Igel, who then passed the business on to his son Pery. Committed to the professionalization of the business and intent on handing control to non-family professionals, Pery was a visionary who realized the importance of hiring outside managers to grow the business. Even now that it has become a huge conglomerate worth billions of dollars, the values and culture left by Pery and his father are still central to Ultrapar’s principles.

Download the full profile here.

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Georges Bougaud

Recamier, Colombia

Named after a famous French beauty and socialite, the cosmetics group Recamier has fast become one of the most recognizable brands in its sector. Based in Colombia, the family business is today under the direction of Georges Bougaud. Recamier’s products are sold all over the Americas, and its success is down to the hard work and innovation of two generations of the Bougaud family. But the family would be the first to admit that its achievements would have been impossible without its strong commitment to all its stakeholders — and, of course, their commitment to Recamier.

Download the full profile here.

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Asia-Pacific - overview

Ian Burgess, EY Asia-Pacific Family Business Leader

Many of the economies in the Asia-Pacific region are dominated by family businesses. Indeed, even China, which only transitioned to a market-based economy in the last 40
years, is seeing the rise and dominance of family businesses. The fact that a family business culture is so strong in the region, and continues to grow, presents many opportunities. Not least of these opportunities is around greater cooperation. Because family businesses often share similar sets of values, many of them are increasingly looking at ways to work with each other to facilitate growth. That trend will only continue.

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

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John Honan

Manildra Group, Australia

Family-owned Manildra Group is one of the most innovative businesses around. Founded in 1952, and now managed and owned by the second and third generations of the Honan family, Manildra has moved from a single-product agribusiness company into a multisector, billion-dollar-plus powerhouse. Manildra’s innovation across the vertical and horizontal supply chain in the world of agribusiness has been truly remarkable. At
the same time, it has remained true to its family business roots, and all its stakeholders are very much part of the success of Manildra.

Download the full profile here.

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Sir William Gallagher

Gallagher, New Zealand

Sir William Gallagher is one of New Zealand’s best-known businessmen. When he took over the family business from his father, Gallagher had just 10 employees, but through his efforts and vision, Sir William has taken the company forward to be one of the country’s most successful high-tech businesses, employing more than 1,000 people worldwide. A great believer in the primacy of the family business model, Sir William reckons its best values have also been crucial to Gallagher’s success. And will continue to be so in the future.

Download the full profile here.

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Heinrich Jessen

Jebsen & Jessen (SEA), Singapore

Jebsen & Jessen (SEA) has established itself as one of Southeast Asia’s most successful
businesses. With its roots in the 19th century, the Singapore-based company is now run by third-generation member Heinrich Jessen. It is one of the most innovative organizations in the many sectors in which it operates and — along with the other Jebsen & Jessen Family Enterprise businesses in China, Europe and Australia — it has
constructed an enlightened family governance structure that ensures the family not only owns the business, but is obliged to manage it.

Download the full profile here.

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Special Recognition - William P. Lauder

The Estée Lauder Companies

In the world of beauty, The Estée Lauder Companies stands out as one of the world’s best in prestige beauty. But what is less well known about the famous cosmetics giant is its status as one of the world’s great family businesses. Three generations of the Lauder family have stood at the helm of The Estée Lauder Companies since it was founded in 1946. William P. Lauder, a member of the third generation, is currently the Executive Chairman. His father Leonard A. Lauder and uncle Ronald S. Lauder sit on the Board of Directors. And together with William’s cousins Aerin and Jane, the Lauders stand as one of the most distinguished families at the heart of a public company anywhere in the world.

Download the full profile here.

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What makes family businesses dynamic?

Lessons learned from our Family Business Award of Excellence winners on talent, innovation and growth

Family businesses were meant to be swept aside by the development of capital markets. But the reverse has happened. Today, they are arguably the most sustainable and dynamic business model globally. Their numbers are increasing, not diminishing. What makes them so dynamic?

Download the summary here.

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2017 Global Family Business Tax Monitor

Preserve your legacy: a global study on inheritance tax for family business

Do you know what taxes will apply when you pass your family business
on to the next generation? Smooth succession is at the heart of the health and longevity of family businesses. And a vital component of succession planning is inheritance tax planning, because the differences in inheritance tax rates between jurisdictions can have a very negative impact on the proportion of assets that a family business can pass on to the next generation.

Download the summary here or to read the full interactive survey, visit familybusinesstaxindex.com.

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The top 500 family businesses in the world

David Bain, Family Capital

Now in its third year, the Global Family Business Index, which is compiled by
the University of St. Gallen with support from EY, shows just how important family businesses are to the world economy and how they drive global employment growth. This year, after analyzing a range of well-established and more recent databases, the researchers in St. Gallen have been able to include 142 new family businesses in the index. Most of them (62%) are unlisted businesses — indeed, the hidden gems of the world economy — and are often missed because of the paucity of information about them.

Download the summary here.

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