Brotherly battles at Brew Corp: “family firms should be forbidden by law”

Dagmar Y. Hattenberg, Erik Veldhuizen and Judith van Helvert

Chapter 2 in Case Studies in Family Business, 2024, pp 26-37 from Edward Elgar Publishing

Abstract: Brew Corp is a second-generation business founded in 1960 on a family’s farm. The Netherlands firm employs about 25 workers, and was until recently owned by two brothers, Herman and Henk, who took over in 1992 from their parents. After assuming ownership, the brothers obtained a bank loan to invest in a new production/filling facility. In 2018, Herman noticed an unexplained cash flow shortage. The bank urged increased control over liquidity issues, and so began the brothers’ legal conflict as to who should own and lead the business. Over four years, 17 court cases have passed. The legal and emotional dispute between the brothers worsened when Henk started a new romantic relationship. Henk’s girlfriend allegedly tried to drive a wedge between the family and Henk, through gossip and hostility. If so, it worked. Currently, Herman is still active in the business while Henk has no legal ties to the company.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2024
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