October 2021
Feature Article
-
SBRA Creates New Opportunities to Restructure Family-Owned Businesses
Every month or so, another household name—e.g., PG&E, Neiman Marcus, Hertz—commences a Chapter 11 case to restructure its balance sheet, reset its relationships with its creditors collectively, and leave its legacy problems in the past. The U.S. Bankruptcy Code is a carefully crafted and nuanced system that paves the way for such restructurings. Yet, Chapter […]
More from this Issue
-
When the Business Is All in the Family
Family businesses have evolved significantly since their humble agrarian beginnings. Over time, family businesses have become increasingly complex and, for many, the bucolic family farmhouse has been replaced by corporate boardrooms. Today, family businesses are a critical part of the U.S. economy both as employers and significant contributors to our country’s GDP. Families like the […] -
A Family Business Turnaround Is Just One Highlight of TMA’s ‘Family Reunion’
In just a few weeks we will reunite and reignite at The TMA Annual in Nashville. This will be a grand reunion and bring together TMA family from near and far. With that in mind, welcome to this edition of the JCR, which focuses on family businesses, a topic quite apropos as we approach The […] -
It’s Finally Time to Reunite in Nashville
The Annual is here, and welcome to my homeland of the South! It’s finally time to reconnect in person with your fellow TMA members from every chapter around the globe, and in a safe and responsible way. I hope you are reading this as you hang up your favorite Zoom sweatpants and complete your plans […] -
SBRA Creates New Opportunities to Restructure Family-Owned Businesses
Every month or so, another household name—e.g., PG&E, Neiman Marcus, Hertz—commences a Chapter 11 case to restructure its balance sheet, reset its relationships with its creditors collectively, and leave its legacy problems in the past. The U.S. Bankruptcy Code is a carefully crafted and nuanced system that paves the way for such restructurings. Yet, Chapter […] -
UK Family Businesses Often Blind to Causes of Their Decline
Family businesses offer a unique perspective in business management, which is often anything but textbook, exhibiting many attributes which often are at the root cause of their demise. Many of those attributes are common features of family businesses worldwide and don’t just apply to those in the UK. Failure, too, is often devastating for all […] -
Helping Family Business Leaders Avoid Disaster
The same qualities that help the leaders of family businesses survive and thrive can also lead to their downfall. Stubbornness and determination can be strengths while building a business or leading it through change, but these qualities can also damage a company if they blind a leader to festering problems. Unlike other companies, family businesses […] -
Restructuring German Family Businesses
Family businesses are of immense importance for the German economy. According to the Institute for small and medium size business research (IfM), approximately 3.7 million companies belong to the so-called German Mittelstand, which is the backbone of the German economy. Around 95% of those medium-sized companies are also family businesses. German family businesses are defined […] -
Considering Independent Directors to Improve Governance of Family-Owned Businesses
Family-owned businesses (FOBs) are a vital part of the U.S. economy, constitute the realization of the American dream for many, and play a critical role in the creation of generational wealth. There are 5.5 million FOBs in the United States, and they contribute 57% of the total gross domestic product, employ 63% of the workforce (i.e., 98 million people), and […] -
Pandemic Sparks Exponential Growth in Grocery Delivery Services
While the COVID-19 pandemic wreaked havoc on many industries in the global economy, e-commerce usage among everyday consumers skyrocketed during this unprecedented time. The increase in online purchasing was a direct result of the pandemic, as consumers opted to stay at home and rely on the increasing number of e-commerce providers to source, procure, and […] -
COVID-19 Spurs Transformation of Biopharma Industry Fundamentals
The most pronounced global economic and lifestyle shock in generations is currently in play. Following the initial tremor of COVID-19 that ripped across the globe over the past 18 months, the most urgent and widespread biopharmaceutical effort to develop therapeutics and vaccines the world has ever seen has commenced. When COVID-19 struck, the freezers at […] -
Newcomers: October 2021
Alabama Jesse D. Slaton, New Day Advisors LLC Atlanta Brooke L. Bean, King & Spalding LLP Rhett Bentley, UMB Capital Finance Allen Burke, The Interlochen Group LLC John J. Dyer, Greenberg Traurig LLP Alexander Haley, FTI Consulting Jerry McDonald, Ares Management LLC Bethani R. Oppenheimer, Greenberg Traurig LLP Sarah Raybon Brooks W. Sawyer, Citizens Bank […]