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sale of family business

September 3, 2014

The last member of the family that owned US newspaper Washington Post for eight decades, before its sale to Amazon founder Jeff Bezos last year, is to step down as publisher of the former family business by the end of this month, the company has this week revealed.

The last member of the family that owned US newspaper Washington Post for eight decades, before its sale to Amazon founder Jeff Bezos last year, is to step down as publisher of the former family business by the end of this month, the company has this week revealed.

Katharine Weymouth had been part of the business, bought by her great-grandfather in 1933, for 17 years and had been in her current role as chief executive and publisher for seven years.

September 10, 2013

The family behind US chain United Supermarkets has sold their business to a rival supermarket business, bringing 97 years of family ownership to a close.

The family behind US chain United Supermarkets has sold their business to a rival supermarket business, bringing 97 years of family ownership to a close.

Speaking at a press conference on Monday night, fourth-generation co-president Matt Bumstead said: "It’s hard for a family to keep their arms around an enterprise, a mission, as something grows over that many years."

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