This year, some generation changes could be observed in well-known German family businesses - for example at Fielmann, dm, Sixt, Müllermilch or Hipp.
In these cases, the transition apparently went without major incidents - we see remarkable counterexamples at Meggle, Tengelmann or Swarowski.
There, questions about the inheritance lead to bitter dispute.
It's about power and about money - and about disputes within families that have been maintained for decades.
The generation change in family businesses is therefore one of the greatest challenges that families and the company face.
Complex personal, structural, tax and legal questions arise.
And the big one: How does the transition from patriarch to young boss succeed?
In today's episode of our SME podcast, Dr.
Armin Weinand from the law firm Binz & Partner, how a generation change succeeds in family businesses and what different options there are.
The law firm is one of the most influential in German medium-sized companies.
Mr. Weinand himself comes from a family business in the woodworking sector, has years of experience in legal advice and knows what is important in practice.