All articles tagged with #family business
Jerry Untiedt, founder of Untiedt Farm and longtime corn supplier for the Minnesota State Fair’s Corn Roast, died at 77; his family continues the business, honoring his dedication to quality and hands-on farming.
Ultra-wealthy families are urged to start and regularly revisit succession discussions early, implement gradual transitions, honor the wealth creator’s role, and align siblings to avoid conflicts as aging parents’ health changes; practical safeguards like cognitive assessments and formal retirement or governance rules can help.
A Miami couple turned a one-car experiment into a full-time, family-run car rental business on Turo, growing to 63 cars and about $500,000 in 2025. With a background in transportation and Spanish-speaking service, they recruit relatives to manage fleets and guest interactions, largely attracting travelers via the app and airport demand, aided by World Cup tourism in 2026. They reinvest profits to expand, rely mainly on organic bookings, and report mostly positive customer experiences despite occasional issues, like a rental that smelled of marijuana.
A 170-year-old family business, the Laird Norton Company, remains active through deliberate succession and broad family involvement: Jill Gardner, who married into the family, serves as family president and helps oversee governance with a board of both family and non-family directors, while programs like a family journal, annual summits, internships, and a “next gen” initiative engage relatives across generations to sustain the legacy.
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.