Even if Sundays have never been for football in your household, you’ve heard of the Dallas Cowboys, the richest franchise in the NFL according to Forbes and, arguably, the most distinct NFL brand to exist. For Creaghan McConnell Gould, the Jones family exemplifies what it means to be a successful business family…
The tides turn swiftly in family business. In our recent article about the Murdoch family, we explored the tumultuous court proceedings that came to a halt due to legal gridlock. Today, Lachlan maintains exclusive control of the company while his siblings walk away as beneficiaries. Although the family’s final solution appears to have resulted in a “win-win” scenario, we can’t help but think this would have been better handled as a private family matter — instead of shared for all the world to see in the international press…
Few succession sagas have been watched as closely as the Murdoch family’s. For decades, speculation has surrounded billionaire Rupert Murdoch’s succession, the business magnate who built a single Australian newspaper into a global media empire, News Corp. After dominating the conservative media landscape and exerting considerable influence over politics, journalism, and entertainment for over seven decades, 93-year-old Rupert is now attempting to amend an irrevocable trust in court…
The Nordstroms are finally doing it: They’re taking their four-generation family business private. The deal marks the end of over 50 years as a public company since 1971 for the 123-year-old Seattle-based retail chain. This move will give the Nordstrom family the freedom and flexibility to focus on long-term strategy, without the pressures and scrutiny of being publicly traded. In other words, the Nordstrom family is repositioning themselves to play the long game…
Modern Portfolio Theory (MPT) has long been a foundation in the world of investment portfolio management. The added benefit of combining MPT with participating whole life insurance empowers business families to optimize the risk-return relationship within their portfolios, giving them another tool in their arsenal to steward the wealth they’ve worked hard to accumulate…
What started as Guccio Gucci’s vision of Italian luxury — inspired by his days as a luggage porter at London’s famous Savoy Hotel — quickly became a cautionary tale littered with deceit, fraud, and murder. Three generations of a family managed to make Gucci the most sought-after luxury brand and empire. But, over a few decades, they lost it all. Today, Gucci is owned by Kering, a multinational holding company based out of France…
Creaghan McConnell Gould is pleased to announce that Jen McCain will be supporting the CMG team as a Special Advisor as of March 3, 2025. In some way, shape, or form, Jen has been part of a successful family business her entire life, equipping her with a wealth of first-hand knowledge and experience to offer to both CMG and the highly accomplished Canadian business families we’re privileged to serve…
For CMG, the McCain family stands as a shining example of excellence in family business. As a recent example, McCain’s CEO, Max Koeune, has been named the Globe and Mail’s Corporate Citizen of the Year, a testament to the family’s remarkable leadership and the company’s global impact…
Creaghan McConnell Gould is pleased to announce Jay McConnell’s appointment as Manager of Advisor Services, effective August 6th, 2024. Jay comes to CMG after over six-and-a-half years at PwC Canada. His most recent role was as a Manager in the Private Wealth tax group, supporting high-net-worth Canadians and their families with a range of complex advisory needs including tax and estate planning, tax audits, and tax compliance…
To family businesses worldwide, LVMH may be considered the quintessential example of a well-oiled family operation. As more Arnault family members move into positions of power, the Board’s makeup begs the question: Is there such a thing as too much or too little family within a family business?…