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The Bottom Line

Family Rivals

The Bottom Line

BBC

Society & Culture, Personal Journals, Business

4.6606 Ratings

🗓️ 13 November 2014

⏱️ 28 minutes

🧾️ Download transcript

Summary

Taittinger champagne, Clarks shoes, Theakstons beer - three famous and successful family businesses that have passed down through the generations. So what prompted members of those families to leave the original firms and set up rival brands of their own? Producing champagne, making shoes and brewing beer. What's it like to compete with the companies they've known all their lives? And how easy is it to make their mark? Guests:

Paul Theakston, Founder and Chairman, Black Sheep Brewery

Virginie Taittinger, Founder, Virginie T

Galahad Clark, Founder and Managing Director, Vivobarefoot

Producer: Sally Abrahams.

Transcript

Click on a timestamp to play from that location

0:00.0

Thank you for downloading this program from the BBC. In this edition of the bottom line,

0:05.3

Evan Davis talks to entrepreneurs who've broken away from their famous family firms and set up

0:10.8

rival companies of their own. Hello and welcome to the program. Families are complicated at the

0:16.9

best of times and can fall out over the smallest of things. And it's not surprising that when extended families run businesses,

0:24.5

well, things can get complicated.

0:26.4

And out of those complications, rival businesses can be born.

0:30.1

Adidas and Puma were formed by two brothers from the Dasler family who fell out

0:34.3

and not only set up competing companies, but divided the town in which they

0:38.5

operated. Both went on to do great things. The brothers running the Aldi supermarkets split the

0:45.0

firm into two many years ago because one smoked and the other didn't and they couldn't agree on

0:50.0

whether to sell cigarettes. Well, that kind of experience turns out to be surprisingly common,

0:55.8

and my three guests today have all found themselves living and working through it, for one

1:00.6

reason or another, running a business that competes with their own family firm. Let's take a few

1:06.7

minutes to meet them, and first up is Virginie Tattinger, founder of Virginie Tea Champagne,

1:14.1

and you were the third generation of the famous Tattinger Champagne family. Yes, in fact,

1:20.2

my mother family was in the Champagne too. We own Piper Iitzigic from 1851 to 1988.

1:30.4

And it was already a strong, strong champagne story.

1:35.5

And with my father and my grandfather, we start the story of Taitanje.

1:40.5

The first label of TettangG Champagne was produced in 1948.

1:46.7

And I used to work 21 years with my father, which was chairman of the board of the Tertengue

1:52.1

Champagne company.

1:53.2

It turned out the company was a lot, lot more than champagne, wasn't it?

...

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