Episode Details

Henkel is a global chemical and consumer goods giant—Persil, Loctite, Schwarzkopf—but it's been majority-owned by the same German family for 140 years. In this episode, Lucas and Luna look at how the Henkel family has held onto voting control through a unique partnership structure, navigated the post-war division of Germany, and managed the transition to non-family CEOs. They also examine a specific moment in 2008 when the family bought back shares to fend off activist investors, and what that move meant for long-term strategy. The episode includes concrete numbers on family ownership stakes and dividend policies that keep the clan aligned without running the company day to day.

#Henkel #FamilyBusiness #Succession #GermanIndustry #Persil #Loctite #Schwarzkopf #ChemicalIndustry #CorporateGovernance #DualClassShares #FoundingFamily #LongTermValue #ActivistInvestors #ShareBuyback #Dusseldorf #Business #FexingoBusiness #BusinessPodcast

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