Abstract
It is estimated that the average life span of a business is less than 50 years. Family businesses, not known for their lon-gevity, normally survive only one generation, or about 30 years. Nevertheless, a number of businesses have beaten the odds, lasting more than 100 years, and a few of these have even been around for several centuries. Of these venerable enterprises, a large portion are family-owned. Among the best known examples are Beretta (Italy), founded in 1526; Mitsui (Japan), founded in 1673; or Marie Brizard (France), founded in 1755. Also among this august group of long survivors are the two family businesses at the heart of this chapter: the Takanashi family business was founded in 1661 in Japan, and the Frescobaldi business was founded in 1092 in Italy. Amazingly, they have lasted almost 350 years and more than 900 years respectively.
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© 2011 Family Business Consulting Group
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Kenyon-Rouvinez, D.H., Adler, G., Corbetta, G., Cuneo, G. (2011). Family Dynasties. In: Sharing Wisdom, Building Values. A Family Business Publication. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230116207_8
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DOI: https://doi.org/10.1057/9780230116207_8
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-58468-0
Online ISBN: 978-0-230-11620-7
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