Tharawat Magazine

The role family businesses play in advancing national economies is hard to overemphasise. Two-thirds of companies globally are family-owned, generating 60 per...

Japan is home to around 37,550 enterprises that have operated for over a century. The country’s largest stock exchange, the Tokyo Stock...

The Successor’s Voice is a book for those family members who follow in the footsteps of their predecessors. While there exists a...

In just over two decades, the number of Fortune 500 companies led by women has increased from 4 to 53. It is...

There are around 5.5 million family businesses in the United States, which account for 54 per cent of the country’s GDP and...

The act of succession enables family businesses to maintain continuity as they transition from generation to generation. 4 Billion Country/Region: Germany Contending with falling revenues, patent losses, and pricing pressures, Boehringer Ingelheim, Germany’s second-largest drugmaker, selected a member from its founding family to serve as CEO for the first time in 25 years – a move intended to help steer the business through a challenging period.

Hong Kong is the world’s 10th largest trading economy and mainland China’s second most important trading partner, after the United States. Hong Kong’s economy is the most service-oriented of all global economies, accounting for 93.4 per cent of the territory’s more than $369 Billion GDP.

The First Bank Center for Family-Owned Businesses 2023 Family Business Survey aims to answer that question and more. With the assistance of market research firm MacKenzie Corporation, the Center’s inaugural survey explores multigenerational issues affecting family firms, with a focus on long-term strategies and succession planning.

The world’s fashion capital is home to well-known family business brands such as Louis Vuitton and Hermès, but there’s more to the...

KPMG Private Enterprise and the STEP Project Global Consortium (SPGC) new report shows how family businesses can lead on sustainability.