Executive Summary

The report summarise the reengineering of a German family business. While the structure of the enterprise got from a very simple (holding plus shops) to somewhat more advanced (foundation, two holdings, warehouse, shops, and another company owning its brand), overall company’s net profits and cash payments to the founders/owners increased 87% and 286% respectively. The new structure also improves the corporate governance by making the enterprise immune to possible takeovers.

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