Hermès seems to weather economic storms with ease, making the Hermès family one of the wealthiest in the world, as Bloomberg highlighted recently. What sets them apart? At CMG, we think three things make the family unique and worth watching…
CMG has been following the Merck family and its extraordinary 13-generation family business for a few years. This fourth and final installment looks at Merck’s future and how the family prepares for it…
In the aftermath of the passing of their patriarch, Dr. Jerry Buss, we underscore two crucial areas that the Buss family could have concentrated on in their succession journey: focus on the business of being a family and gather together to identify shared goals and values that can serve as a guiding force for everyone…
Here, in the latest in our series of profiles of iconic business families around the world, we celebrate Bernard Arnault for his mastery of two key ingredients of success for family businesses: the business of the business and the business of the family…
With sadness we announce the passing of Frank Creaghan, CMG’s founder and visionary, who left us peacefully at his home in Toronto on June 26, 2023…
The Kristiansens extraordinary legacy with LEGO® caught CMG’s attention in 2020. This update shares how the family’s commitment to transparency, retaining control of the family business, and long-term thinking has paid off…
We explore bridging the gap between generations in business families, outlining five key steps to ease intergenerational tensions and ensure success…
Dillard’s may not have the same high profile as some of its retail industry counterparts. However, it has emerged as a top performer, surpassing well-known corporations in share performance. The secret to their success? The Dillards dedication to playing the long game and sticking to their values for over three generations of family leadership…
Our latest update delves deeper into the intricate relationship between the Mercks’ governance structure and the pivotal role of non-family members. Additionally, we explore how their unique dual board system preserves the company’s longevity and legacy…
The Redstone family story exemplifies the consequences of intergenerational conflict and unaddressed behaviors that arise when communication platforms like a family meeting are not in place…