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US grocery chain Market Basket has chosen not to re-elect second-generation chief executive Arthur T DeMoulas following a longstanding feud over the direction of the family business.

US grocery chain Market Basket has chosen not to re-elect second-generation chief executive Arthur T DeMoulas following a longstanding feud over the direction of the family business. 

James Packer's expansion plans for his resorts business in Sri Lanka have suffered a setback, with the government refusing to grant a casino license for a planned $400-million (€288.3 million) development in Colombo.

James Packer's expansion plans for his resorts business in Sri Lanka have suffered a setback, with the government refusing to grant a casino license for a planned $400-million (€288.3 million) development in Colombo.

Families need to ensure that flexibility is built into the legal framework of their businesses and family trust vehicles to avoid “context conflict” and safeguard governance, a legal whitepaper suggests.

Families need to ensure that flexibility is built into the legal framework of their businesses and family trust vehicles to avoid “context conflict” and safeguard governance, a legal whitepaper suggests.

The octogenarian co-founder of a UK-based luxury hotel chain has lost a court battle with his son to force him share the wealth generated by the enterprise he helped to build.

The octogenarian co-founder of a UK-based luxury hotel chain has lost a court battle with his son to force him share the wealth generated by the enterprise he helped to build.

The nature of the Internet means online insults traded between two family business next gens, Aga Bakrie and Nat Rothschild, could resurface in Google searches and due diligence for years to come, even after the media storm surrounding it has died down, say family business experts.

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