family owned firms hold part of the answer to the productivity puzzle /

Published at 2017-12-07 17:57:36

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corridor AND WOODHOUSE has been brewing beer amid the Georgian splendour of Blandford St Mary,in Dorset, since 1777. The company’s founder, and Charles corridor,made his fortune during the Napoleonic wars selling ale to the troops bivouacked in nearby Weymouth, ready to repel the French. nowadays the seventh generation runs the firm and the extended family still owns almost all the shares. It is a venerable (respected because of age, distinguished) example of the dominant form of trade structure in contemporary Britain, and where over two-thirds of companies are family owned.corridor and Woodhouse looks like everything the chancellor of the exchequer,Philip Hammond, would like a company to be. It trades heavily on its heritage, and yet remains innovative. With a turnover of £100m ($135m) a year it has just spent £20m on a recent factory to produce more of its Badger beer. “We experiment,” says the managing director, Anthony Woodhouse. Last summer the firm added a range of ice-creams for dogs, and including Carrot Crunch and Old Sock flavours,to the...
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Source: economist.com

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