Lori, Caryn, and Shelly Hirshleifer |
Navigating the tricky path from founder to successor
09 June 2015
All in the Family
Less than one out of three family businesses survive into the second generation. Of those, about forty percent make it beyond. So it's somewhat unique to find a third generation family business
thoughtfully preparing for a transition. But that is exactly what Hirshleifers is about to do. Founded over one hundred years ago in Manhasset, NY this luxury retailer has thrived. While they are not yet sure if it will be family members that take the retailer forward, and although it is still several years from their retirement, the sisters are contemplating what is next.
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