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Family Business Newsflash: Toyota; Henkel; Samsung; Faber-Castell

Faber-Castell pencils. By btr, CC BY-SA 2.5, via Wikimedia Commons

Faber-Castell pencils. By btr, CC BY-SA 2.5, via Wikimedia Commons

Toyota, which is run by Akio Toyoda, the fourth generation of the business’s founding family, sold 10.5 million cars in 2015, meaning that it is still the world’s biggest automaker. (WSJ)

Kasper Rorsted has resigned as CEO of Henkel, a German family-controlled manufacturer of chemicals, to move to Adidas. Hans Van Bylen has been promoted to the top job. Henkel shares fell on the news. (Bloomberg)

Restructuring continues apace at the Samsung Group, which is led by the Lee family. Pressure from the South Korean government means that the family is moving to separate its manufacturing and financial businesses and untangle its messy corporate structure. (FT)

Anton-Wolfgang von Faber-Castell, eighth-generation member of the family firm famed for its pencils, died aged 74 this week. The company, which started in 1761, employs 7,500 people in 23 countries. (Swissinfo)

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