Latest news with #familyBusiness
Yahoo
a day ago
- Business
- Yahoo
Braly's Ace Hardware of Jacksonville wins business award
JACKSONVILLE, Texas (KETK) — Braly's Ace Hardware of Jacksonville was honored with the Texas Treasures Business Award on Friday for 90 years of service to the community and Texas economy. UPDATE: Winona ISD school board candidates address voters ahead of second election Braly's Ace Hardware of Jacksonville has a family owned history that spans five generations of dedication to customer satisfaction. The store provides customers with hardware tools, gardening supplies and home improvement products. While the business currently resides in Jacksonville, its roots are over in Palestine, where it was the first winner of the TTBA in 2015. The Texas Historical Commission started handing out TTBAs to businesses in 2005 and has since awarded many business with a Texas Treasure decal that is displayed at the front of the establishment. The emblem is a sign of Texas owned pride and devotion to customers that walk in. The THC recognizes businesses that have consistently generated tax revenue and stimulated the economy. Rep. Moran discusses tax cuts at Americans for Prosperity town hall 'I am a proud supporter of this recently opened store in Jacksonville and am happy to share this designation with them,' Mayor Pro Tem Tim McRae said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
RNZ News
2 days ago
- Business
- RNZ News
New Zealand's largest privately run ski field is up for sale
What began as a labour of love in the Canterbury high country almost 50 years ago is up for sale. Eighty-two-year-old Peter Foote is putting his family-owned Mount Dobson ski field on the market. He's told Jesse he'd love to see someone carry on the legacy. To embed this content on your own webpage, cut and paste the following: See terms of use.
Forbes
3 days ago
- Business
- Forbes
Market Basket's Governance Crisis: A Cautionary Tale
The recent upheaval in the senior management of Market Basket, a leading supermarket chain in the Northeast, serves as a stark reminder of the challenges inherent in family business succession planning. CEO Arthur T. Demoulas's has been suspended allegedly because he is planning a work stoppage and has circumventing established succession protocols to name his successors. This incident is a cautionary tale for estate planning professionals and family business owners. At the heart of the controversy is Demoulas's alleged attempt to appoint his children as successors without board approval. This situation underscores a breakdown in corporate governance, despite Market Basket's operational success, including the repayment of $1.6 billion in debt. The board's actions, perceived by Arthur T. as a "hostile takeover," reveal the ongoing tension between family interests and business needs. The Demoulas family has a long history of legal disputes stemming from inadequate succession planning. The initial conflict began with the absence of buy-sell agreements following co-founder George Demoulas's death. This oversight led to extended litigation and financial turmoil, culminating in a 1997 court ruling that restructured the company's governance. Another crisis in 2014, where Arthur T. was also removed at the instigation of his cousin, Arthur S. Demoulas, was characterized by an employee walkout and customer boycott, was only resolved when Arthur T. bought out Arthur S. and his family interest in the company in a costly family buyout, which burdened the company with the debt only recently paid off. In a broader context, selecting a CEO successor is complex, as is apparent in the recent announcement that Warren Buffett is stepping down from ahis management (but not board) position at Berkshire Hathaway. In family businesses, the process is further complicated both by family dynamics and by governance representing stockholders who are not in the management of the family business, as Arthur T.'s sisters are in this case. Family ties often dominate, with businesses favoring family members for leadership roles, especially when the current CEO is a family member. However, outside directors with significant shareholding can shift the decision towards external candidates. Cultural values also play a role; traditional family CEOs are more likely to choose a family member, influenced by family identity and the perceived strength of the dynasty. Gender preferences add another layer of complexity, with a bias toward male successors despite the presence of higher qualifications of female candidates, The result is only about 23% of single-family successors are female. The process is also shaped by a long-term signaling process where candidates express interest or withdraw based on personal motivations and interactions with the current leader. To ensure smooth transitions, effective succession planning requires formal strategies such as developing a clear succession plan, disclosing the successor's identity, and implementing training or mentorship programs. Regardless of business size, these elements are crucial. Additionally, integrating AI and algorithms into the selection process is emerging as a tool to enhance fairness and address biases, though ethical concerns about transparency remain. Advanced models are now used to evaluate successor competencies systematically, reducing ambiguity and subjectivity. While traditional factors like family ties and gender biases persist, there is a shift towards more transparent and effective practices through competency-based evaluations and technology use. These changes are paving the way for more inclusive and strategic successor selections in family-owned enterprises. As Market Basket navigates this governance crisis, it underscores the need for family businesses to balance family interests with robust corporate governance to ensure long-term stability and success.
The Independent
5 days ago
- Business
- The Independent
Pandora's new essence summer collection might be my favourite yet – here's what to shop
Pandora is a bemouth of the jewellery world but the label has surprisingly humble origins. Founded in 1982, it began as a small, family-run jewellers in Copenhagen before its charm bracelet concept earned it global fame in the early Noughties. Sitting in the mid-range price point of the market, Pandora's accessible jewellery spans personalised pieces to collaborations with the likes of Disney and Game of Thrones. There really are styles to suit every taste, age and occasion. But, while the brand's signature collection is full of timeless pieces for gifting, its the new trend-led 'essence' range that has won the label a whole new fashion fan base. The label launched the more mature collection to acclaim last summer. Characterised by chunky silhouettes, voguish detailing (like pearls or mixed metals) and sophisticated, sculptural shapes, think of it as the grown-up sister to the brand's moments or signature lines. Now, Pandora has debuted its 2025 collection which builds on the essence core line. Evoking the feeling of summer, twisted and rippled silhouettes are seen throughout the range, while starfish charms and shell-shaped rings complete your beach holiday looks. With statement pieces like the 14-carat gold chain link necklace and double hoop earrings, as well as everyday staples like the mixed metal pendant necklace or rippled sterling silver earrings, the new essence collection might just be my favourite yet. Here are my top picks for summer 2025. Pandora sparkling blue starfish dangle charm: £120, Adding playful detail to a simple neck chain or bracelet, this dangle charm is 14-carat gold plated and designed in a starfish shape. Paying homage to the ocean, blue cubic zirconia embellishment is contrasted by lab-grown crystals for extra sparkle. It's the perfect piece to pair with a bikini this summer. Hoop earrings are perennially cool, but this new style from Pandora offers a fresh take on the classic staple. Featuring a double hoop design, the earrings are plated in 14-carat gold for arresting shine. The slim silhouette of the metal contrasts the large statement hoop size, lending them to everyday wear and evening occasions. I've been after a new pair of chunky gold earrings and this Pandora essence pair meets the brief. The rippled effect and oversized silhouette easily elevates a simple outfit, with butterfly back promising secure fit. To ensure the longevity of its shiny finish, the earrings are plated in 14-carat gold. Thanks to A-lister approval from the likes of Dua Lipa and Bella Hadid, bangles – the classic Noughties jewellery staple – are back in fashion. This 14-carat gold plated style features a five-layered design that's available in three sizes (16cm, 17.5cm and 19cm). Though you could stack with other bangles and bracelets for a bold evening look, the bangle is a statement in its own right. Serving up a subtle summer style statement, these delicate stud earrings are cut into an irregular starfish shape with an ocean-blue lab-grown crystal adding vibrant detail. Finished in 14-carat gold plating, the studs are tarnish-free in water so you can style them with your beach looks on holiday. Whether stacked for a bold look or worn individually for a dose of gold, this chunky ring is a versatile addition to your jewellery collection. Featuring an golden 14-carat finish, the curved silhouette and rippled design detail is inspired by shells. A hero everyday pair of earrings, these hoops are available in sterling silver or 14-carat gold plating. Fastened by a secure hinge, the simple pair are elevated by the ripple finish that awards them a subtle chunky look. Though an investment piece, the classic design of this chain link necklace ensures you'll get your wear. The 14-carat gold plated style boasts individually sized links and a statement hook and eye clasp fastening. The oversized design is perfect for everyday wear, whether adding intrigue to a white T-shirt or styling with a scoop neck dress. Gone are the days where mixing metals was taboo in the jewellery world. Now, single pieces that blend two metals can give you more freedom when styling the rest of your look. Characterised by interlocking sterling silver and 14-carat gold plated hoops, this pendant is complete with a delicate gold chain necklace. Pandora organically shaped two tone open hoop earrings: £100, Matching the pendant above, this mixed metal pair of earrings are distinguished by crossover lines in sterling silver and plated gold. Fastened with a secure butterfly closure, the simply but sophisticated earrings are perfect for both special occasions and everyday wear.
Yahoo
5 days ago
- Business
- Yahoo
Holloway Removals & Storage Operations Extended to Melbourne and Brisbane
Sydney, May 27, 2025 (GLOBE NEWSWIRE) -- Sydney, New South Wales - Sydney's leading removalists, Holloway Removals & Storage have extended operations to Melbourne and Brisbane over the past couple of years—a significant milestone in the company's growth. In an impressive move, the family-owned removals company have expanded their operations from their Sydney base, to include Melbourne and Brisbane, offering their five-star moving and storage services to Australia's entire eastern seaboard. From humble beginnings as one man and a van in Bondi, Holloway Removals has evolved to become an example of excellence in the removals industry, with thousands of happy customers successfully moved. Therefore, this gradual expansion came as a natural next step to the growing demand for the company's stress-free approach to moving. "Expanding to Melbourne and Brisbane was a natural evolution for us," a company representative at Holloway Removals & Storage says. "Having settled in Sydney for so many years, we are excited to bring our expert industry knowledge and 5-star customer service to more Australian companies and families that need it." From humble beginnings as one man and a van in Bondi, Holloway Removals has evolved to become an example of excellence in the removals industry, with thousands of happy customers successfully moved. Therefore, this gradual expansion came as a natural next step to the growing demand for the company's stress-free approach to moving. "Expanding to Melbourne and Brisbane was a natural evolution for us," a company representative at Holloway Removals & Storage says. "Having settled in Sydney for so many years, we are excited to bring our expert industry knowledge and 5-star customer service to more Australian companies and families that need it." With feet firmly on the ground in Melbourne, Holloway was keen to keep the ball rolling. Through strategic marketing and with Holloway trucks all across Sydney and Melbourne, the company's brand awareness was soon at a national level. After 4 more years of hard work and gaining a reputation as movers you can trust, Holloway Removals then acquired Giffen Furniture Removals in Brisbane in 2024, helping to get the ball rolling on their Brisbane expansion. It is clear that Holloway's dedication to offering an end-to-end removals service, far beyond standard moving companies, has greatly contributed to their expansion success. The company's teams take great care of every detail of the moving process, from packing and unpacking to storage, so that customers don't have to lift a finger. "Being a family-owned business, we take great pride in treating every customer's property with the same care we would our own," stated Joel (Marketing Manager). "Whether someone is moving across the street or across state lines, our employees go out of their way to deliver a smooth, hassle-free experience." The expansion across the East Coast has made Holloway Removals & Storage one of Australia's most trusted removal companies, offering professional, reliable, and tailored moving services to more Australians than ever before. The Holloway reach is also unlikely to end there. Andy Holloway, the company founder, shares his hopes for the future of expanding across Australia and beyond: "We're really happy to be in Brisbane, Sydney and Melbourne. In 5 years we'll probably be in Perth and Adelaide. Then potentially in Tasmania, Darwin and Cairns, maybe even New Zealand". It's clear that prospects for Holloway Removals are only set to get bigger and better. "There's no timeline but definitely to be in every capital city and possibly some smaller towns in NSW is the goal." For more information about Holloway Removals & Storage or to book a move in Sydney, Melbourne, or Brisbane, see their website - or call 0285034444. About Holloway Removals & Storage Holloway Removals & Storage specialise in residential and commercial relocation both locally and interstate. They have over 13 years of experience in the moving industry, offering full moving solutions like packing, transportation, storage, and unpacking. Holloway Removals has been highly regarded for its five-star service and is AFRA (Australian Furniture Removers Association) accredited. Their full-service and stress-free moving and storage operates across Sydney, Melbourne, and Brisbane. ### For more information about Holloway Removals & Storage, contact the company here:Holloway Removals & StorageJoel Kristensen1300 134 176marketing@ - 27 Allen St, Wolli Creek, Sydney, NSW 2205 CONTACT: Joel KristensenError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
