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Famous Family Businesses - Who Owns What?

Mon, March 05, 2012 12:55 PM | Tara McMullen-King
...Two thirds of small businesses in Britain are run by families but a lack of succession planning means only a fifth ever hand on the baton, according to the Institute for Family Business. The sad truth is that 80% of first-generation companies never make it to the second generation, and only one in ten make it to the third....This is partly because founders often can't let go....However, there are quite a few well-known family businesses that are flourishing.



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