All articles tagged with #family business
Forbes highlights America’s biggest family-owned firms, showing how multi‑generational ownership and governance shape long-term strategy, succession planning, and resilience across industries beyond short-term quarterly results.
Kristen Pierce-Sherrod, longtime CEO of Harold’s Chicken Shack and daughter of founder Harold Pierce, has died at 55. The family announced the death on social media, noting she led the Chicago staple for more than two decades and co-founded the Chicago Children Equestrian Center with her husband. Harold’s, a Chicago institution known for its fried chicken and Mild Sauce, grew from a single Kenwood location to a broader chain, with Pierce-Sherrod emphasizing a close-knit, family-driven culture while carrying forward her father’s legacy.
Lush co-founder Mark Constantine proudly embraces being 'woke,' integrating activism and social values into the company's core, and believes in the importance of family-run businesses and traditional retail values like kindness and innovation, despite challenges like past pay disputes and government tax proposals.
Chef Chu’s, a family-owned Chinese restaurant in Los Altos since 1970, has become an institution in Silicon Valley, known for its food, celebrity visits, and community roots, while maintaining its small-scale, authentic approach despite the area's rapid growth.
The article revisits a 1992 story about the tumultuous partnership at Zabar's, a renowned New York delicatessen, highlighting internal conflicts among the owners, including lawsuits and family tensions, which threaten the store's legacy despite its commercial success and cultural significance.
Russ & Daughters, a historic NYC appetizing store celebrating 100 years, remains a family-run business known for its traditional smoked fish, bagels, and Jewish delicacies, emphasizing its roots, craftsmanship, and cultural significance.
A family opened Vermillion's first bookstore, 'Outside of a Dog,' but are considering leaving the town due to the impact of a bathroom bill that is affecting LGBTQ+ rights and community support.
Jorge Pérez, a $40 billion real estate mogul, carefully prepared his sons for leadership of his company through a rigorous 18-year succession plan, requiring them to gain outside experience, earn MBAs, and climb the ranks internally to ensure they were qualified and not just nepotism hires, culminating in Jon Paul becoming CEO and Nick as president.
Barron Trump, the 19-year-old son of the former President, may have earned around $40 million from the sale of crypto tokens linked to his family's firm, World Liberty Financial, which has sold $550 million worth of tokens. He is listed as a co-founder and possibly owns a 7.5% stake in the company, which has been highly profitable for the Trump family. The report highlights the family's significant involvement and earnings from digital assets, although direct evidence of Barron's personal gains is not confirmed.
Zildjian, a renowned cymbal brand used by top drummers worldwide, has been crafting its instruments using a secret process for over 400 years. Originating in the Ottoman Empire, the Zildjian family continues to produce cymbals in Massachusetts, maintaining a closely guarded alloy formula. The brand gained significant popularity after the Beatles' 1964 performance on "The Ed Sullivan Show," and today, Zildjian cymbals are a staple for musicians across various genres.
Raul Porto Sr., the founder of the beloved Southern California institution Porto's Bakery & Cafe, has died at age 92. Porto, along with his wife Rosa, started the bakery from their home kitchen after emigrating from Cuba. The family business has since grown into a cherished community treasure with multiple locations across the region. Rosa Porto passed away in 2019. The family expressed their gratitude for the community's support in an Instagram post announcing Raul's passing.
Raul Porto Sr., founder of the iconic Porto's Bakery in Southern California, has passed away at the age of 92. Known for its Cuban pastries and community impact, Porto's began as a small family business in 1976 and grew into a beloved local chain. Raul Sr. and his wife Rosa, who passed away in 2019, built a legacy of hard work and dedication that continues through their children and grandchildren. The bakery remains a cultural touchstone for many Cuban-Americans in the area.
Raul Porto Sr., founder of the beloved Porto's Bakery & Cafe in Southern California, has died at the age of 92. He and his wife Rosa, who passed away in 2019, started the bakery from their home kitchen, eventually growing it into a cherished community institution with multiple locations. Raul Sr. passed away peacefully surrounded by family, leaving behind a legacy of hard work and dedication.
Faragalli’s Bakery, known for its distinctive old-world bread and giant wood-fired oven, may close for good after the oven collapsed in December following nearby construction work. The century-old oven, a cornerstone of the family business since 1945, sustained damage to its firebrick structure and ventilation system. The bakery struggled to operate as the oven lost heat and emitted heavy smoke, ultimately leading to its closure. The family is uncertain about the possibility of reopening, as finding someone to repair the unique oven poses a challenge. The bakery's closure represents a significant loss not only in terms of business but also as a heritage for the Faragalli family and the South Philadelphia community.
Mark Taira, the CEO of King’s Hawaiian, has transformed his family's small bakery into a $2 billion empire, with the third generation now involved in the business. The company's signature sweet rolls generate the majority of its $900 million in annual revenue, with impressive gross profit margins. Under the holding company Irresistible Food Group, the Taira family has expanded into new ventures, including Hawaiian-farmed tea, pickles, and a Hawaiian-inspired restaurant concept, all while remaining 100% family-owned. With a focus on product quality and expansion, the Tairas have no plans to sell their famous Hawaiian rolls to other brands, despite growing demand.