Samsung Family to Pay South Korea’s Largest Inheritance Tax Bill

The Samsung family in South Korea will also donate billions of dollars’ worth of art, including Picasso and Monet.

#art, #corporations, #family-business, #inheritance-and-estate-taxes, #lee-jae-yong-1968, #lee-kun-hee, #samsung-ct-corp, #samsung-electronics-co, #samsung-group, #south-korea, #tax-evasion, #wills-and-estates

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Mariano Puig, Scion of a Spanish Fashion House, Dies at 93

Mr. Puig was instrumental in expanding his family’s company internationally and in acquiring famed brands.

#barcelona-spain, #deaths-obituaries, #family-business, #fashion-and-apparel, #perfumes-and-fragrances, #puig-sl, #puig-mariano-1927-2021, #rabanne-paco, #spain

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Paul Laubin, 88, Dies; Master of Making Oboes the Old-Fashioned Way

He learned the craft from his father and continued to make his instruments by hand. Laubin oboes are cherished for their dark and rich tone.

#classical-music, #deaths-obituaries, #family-business, #laubin-paul, #musical-instruments, #oboe, #woodwind-instruments

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The World Needs Syringes. He Jumped In to Make 5,900 Per Minute.

Rajiv Nath’s family-run Hindustan Syringes bets it can help meet the pandemic need for billions of barrels and needles.

#coronavirus-2019-ncov, #factories-and-manufacturing, #family-business, #hindustan-syringesmedical-devices-ltd, #hypodermic-needles-and-syringes, #india, #international-trade-and-world-market, #nath-rajiv, #new-delhi-india, #shortages, #vaccination-and-immunization

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Elaine Chao’s Mix of Work and Family Drew Early Ethics Scrutiny

An inspector general’s report provided new details of how ethics lawyers at the Transportation Department raised flags starting in 2017 about efforts to promote her family and its shipping business.

#chao-angela, #chao-elaine-l, #chao-james-si-cheng, #china, #ethics-and-official-misconduct, #family-business, #foremost-group, #inspectors-general, #jiang-zemin, #justice-department, #rosen-jeffrey, #transportation-department-us, #united-states-politics-and-government

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He Was Going to Close the Family Diner. Then He Got a Sign.

Peter Panayiotou was lost without his father, but the remarkable gesture of a stranger helped him heal.

#content-type-personal-profile, #coronavirus-reopenings, #family-business, #gee-whiz-diner-manhattan-ny, #panayiotou-chris, #panayiotou-peter-d-2020, #restaurants, #september-11-2001, #welding-and-welders

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Manhattan D.A. Intensifies Investigation of Trump

Prosecutors have recently interviewed employees of President Trump’s lender and insurance brokerage, in the latest indication that he still faces the potential threat of criminal charges once he leaves office.

#aon-corp, #banking-and-financial-institutions, #cohen-michael-d-1966, #corporate-taxes, #deutsche-bank-ag, #family-business, #income-tax, #insurance, #manhattan-nyc, #mazars-usa, #presidential-election-of-2020, #supreme-court-us, #trump-organization, #trump-tax-returns, #trump-donald-j, #trump-ivanka, #ttt-consulting-llc, #united-states-politics-and-government, #vance-cyrus-r-jr

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This Japanese Shop Is 1,020 Years Old. It Knows a Bit About Surviving Crises.

A mochi seller in Kyoto, and many of Japan’s other centuries-old businesses, have endured by putting tradition and stability over profit and growth.

#family-business, #hosoo, #ichiwa, #japan, #kikkoman, #nbk, #nintendo-co-ltd, #tanaka-iga-butsugu

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Making Financial Decisions When You Don’t Have All the Facts

The president-elect is considering tax changes that could affect stock sales, selling a family business and leaving money to heirs. But we still don’t know how much he’ll be able to do.

#biden-joseph-r-jr, #capital-gains-tax, #content-type-service, #family-business, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #presidential-election-of-2020, #united-states-politics-and-government, #wills-and-estates

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Who Was Pappy Van Winkle and Why Does His Whiskey Cost So Much?

Wright Thompson’s “Pappyland” goes deep into Kentucky’s bourbon culture through a history of one of its prominent producer families.

#books-and-literature, #bourbon-whiskey, #family-business, #kentucky, #pappyland-a-story-of-family-fine-bourbon-and-the-things-that-last-book, #thompson-wright-author

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‘It’s Fall! Here We Are!’ A Beloved Chocolate Shop Returns

Lee Sims in Jersey City made it through the shutdown thanks to ingenuity and customer loyalty. It’s back just in time for the busiest season.

#chocolate, #coronavirus-2019-ncov, #family-business, #jersey-city-nj, #shopping-and-retail, #small-business

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These 6 Businesses Have Survived the Depression, War and Now the Pandemic

From a Staten Island bakery to a boiler factory in Queens, these mom and pops, all over 100 years old, having staying power.

#c-o-bigelow-apothecaries, #coronavirus-2019-ncov, #family-business, #holtermanns-bakery-staten-island-ny, #new-york-city, #quarantines, #richfield-farms-clifton-nj, #sahadis, #shopping-and-retail, #small-business, #sussman-automatic-corp, #teitel-brothers

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A Century-Old Moving Company Says the Summer of Covid Is ‘Insane’

‘Point a finger on a map, people are moving there.’

#coronavirus-2019-ncov, #family-business, #flatbush-brooklyn-ny, #flatbush-moving-van-co-inc, #moving-and-moving-industry, #new-york-city, #quarantines, #small-business

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The Mom and Pop Factory With an Atomic Secret

Those trays that macarons come in? Plaxall makes them. But since the pandemic, it has pivoted to medical face shields. It’s not the first time the family business has done its patriotic duty.

#airlines-and-airplanes, #coronavirus-2019-ncov, #factories-and-manufacturing, #family-business, #long-island-city-queens-ny, #manhattan-project, #plastics, #plaxall-inc, #protective-clothing-and-gear, #world-war-ii-1939-45

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Indian Billionaires Bet Big on Head Start in Coronavirus Vaccine Race

The world’s largest vaccine producer, the Serum Institute, announced a plan to make hundreds of millions of doses of an unproven inoculation. It’s a gamble with a huge upside. And huge risks.

#clinical-trials, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #family-business, #gates-bill-and-melinda-foundation, #government-contracts-and-procurement, #horses, #india, #pune-india, #serum-institute-of-india, #third-world-and-developing-countries, #vaccination-and-immunization

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For Owners of Century-Old Businesses, Shutting Down Brings a Special Pain

A department store, a barbecue restaurant, a hotel — all had survived some of the biggest trials in history. Their owners are mourning the loss of a legacy.

#coronavirus-2019-ncov, #coronavirus-reopenings, #family-business, #harrell-vernon, #harrells-department-store, #hyman-amy, #lake-steam-baths, #recession-and-depression, #shutdowns-institutional, #small-business, #small-business-administration

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How Covid-19 Is Threatening Alaska’s Wild Salmon Fishing Season

A Brooklyn winemaker travels north to Bristol Bay each summer to net the red salmon that support his family. This year he’s faced with a tough ethical and economic choice.

#alaska, #brooklyn-nyc, #coronavirus-2019-ncov, #family-business, #fishing-commercial, #nicolson-christopher, #quarantine-life-and-culture, #red-hook-winery, #salmon, #seafood

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‘Please, I Don’t Have Insurance’: Businesses Plead With Protesters

Businesses ranging from national chain stores to neighborhood pizza shops have been damaged in the wake of George Floyd’s death. Stunned store owners were still assessing their losses.

#atlanta-ga, #black-people, #demonstrations-protests-and-riots, #family-business, #floyd-george-d-2020, #looting-crime, #minneapolis-minn, #police-brutality-misconduct-and-shootings, #seattle-wash, #shopping-and-retail

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What’s It Like to Have the Same Job as Your Mother or Father?

How have things changed? We want to know how your experience compares.

#family-business, #labor-and-jobs

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For Joanna Gaines, Home Is the Heart of a Food and Design Empire

She and her husband, Chip, the co-stars of “Fixer Upper,” have married Texas tradition with modern taste to create a wildly popular brand.

#books-and-literature, #cooking-and-cookbooks, #family-business, #fixer-upper-tv-program, #food, #gaines-chip, #gaines-joanna, #interior-design-and-furnishings, #korean-americans, #real-estate-and-housing-residential, #restaurants, #restoration-and-renovation, #shopping-and-retail, #waco-tex

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A Family Business Survived One Pandemic. It’s Determined to Do It Again.

A small Buffalo manufacturer has had to trim its staff and spending. But its fourth-generation owner says: “We will take care of everybody.”

#buffalo-ny, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #eastman-machine-co, #epidemics, #factories-and-manufacturing, #family-business, #labor-and-jobs, #layoffs-and-job-reductions, #protective-clothing-and-gear, #shutdowns-institutional, #small-business, #stevenson-robert-l, #stevenson-trevor

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Egypt’s Female Lion Tamers Show the Men How to Do It

The broader struggle for women’s equality may be lagging in Egypt, but six women dominate the field of lion taming in the country.

#circuses, #egypt, #family-business, #lions, #women-and-girls

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