Don't postpone any longer
Felix Engelhardt, CFA gives some insights in the Handelsjournal on the effects of the covid-crisis on M&A and succession planning.
At the moment, many retailers shy away from any baton handover projects. In doing so, they overlook the risks of a delayed succession. Why the topic should be on the agenda even in the current crisis. Jessica Ellis, a 42-year-old who has taken over the floristry business shares her experience on how she handled her work during the covid-crisis. Felix Engelhardt, Managing Director at Saxenhammer & Co., believes that the German economy will not be subjected to a severe recession and encourages entrepreneurs who are now faced with the task of finding a successor not to postpone the handover.
Saxenhammer is regularly featured in media outlets and publishes sector updates.