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Fashion chain Hennes & Mauritz has appointed third-generation family member Karl-Johan Persson as the company’s new CEO effective from 1 July this year.

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week.

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

The Indian Institute of Management, in Bangalore has introduced a new course to its prospectus designed to help educate the next generation of family business owners.

The prospect of a family member succeeding Patrick Ricard at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

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