Dynasties 2018: Keeping it in the family, for better or worse
There is a lot more to running a family business than making a profit – relationships can be fraught and emotions close to the surface. But when they work well, family businesses can be spectacularly successful. In this magazine, we profile some of Ireland’s most impressive business dynasties – as well as some that have not done so well
Sometimes, massive success can have a poignancy about it. Last year, Vincent Carton pulled off one of the business coups of 2017, selling Manor Farm to Nordic-listed chicken producer Scandi Standard in a shares, earn-out and cash deal that valued the business at €94 million. However, the deal was also the end of an era.
The chicken processor had been in Carton’s family for eight generations and traced its roots back to a modest start in Smithfield...
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