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FAMILY COMPANY FACTS. In the USA start with 1 Million family businesses Year 1 400,000 Fail Next 5 years another 400,000 Fail Over the next 5 years of the 200,000 remaining 80% Fail Which leaves 40,000 Family businesses left SO WHY DO THESE SURVIVE AND SO MANY FAIL?.
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FAMILY COMPANY FACTS • In the USA start with 1 Million family businesses • Year 1 400,000 Fail • Next 5 years another 400,000 Fail • Over the next 5 years of the 200,000 remaining 80% Fail • Which leaves 40,000 Family businesses left • SO WHY DO THESE SURVIVE AND SO MANY FAIL?
ANNUAL BEER SALES VOLUME (IN LITRES) Financial year (end June) REGENCY RELOCATION COMPLETION
ANNUAL BEER SALES VOLUME (IN LITRES) Financial year (end June) REGENCY RELOCATION COMPLETION
THE “COOPERS”ADVANTAGE • Company Position and Ownership • Company History 148 years • Product Range - Natural Beers • Product Difference - Cloudy • Close Product Association • The difference with Coopers is you can still meet a Cooper
CLOSE PRODUCTASSOCIATION Famous Clydesdales 1918 Saurer Truck
Lion Nathan Takeover Bid • LNA Launches Hostile Takeover bid September 2005 • LNA offer $260 a share • Coopers offer Share buyback at $260 to all shareholders • Bidder’s & Target’s Statements, November • Initial offer of $260 a share increased to $310
Lion Nathan Takeover Bid • Seven court actions brought by LNA to stop share buyback and EGMs • Capital management program in place • Final EGM December 2005 • Vote of 93.4% to 6.6% to remove LNA from Constitution • Coopers shareholders focus on loyalty and tradition – “It’s not about the money!”
The Never forget your company culture and its values. The image of your company is your advantage and that is completely under your control .