The blood, sweat and tears in a family business takeover

It's been a tumultuous time for Australia's family business sector in recent years, with many iconic businesses acquired by foreign buyers and losing a part of their identity in the process.

The Australian family business sector, worth $1.6 trillion, is in for massive upheaval, with MGI forecasting an influx of family businesses for sale as the baby boomers retire.

It’s a well-trodden path. Many iconic Australian family businesses have been acquired. But the takeover of a family business is different from corporate takeovers because it’s about a loss of identity.


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