Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Mars Family Built a Candy and Pet Food Empire
The Mars family is one of the wealthiest in the world, yet they've operated in near-total secrecy for nearly a century. This episode explores how Mars, Incorporated—maker of M&M's, Snickers, Pedigree, and Whiskas—remained privately held through five generations, growing from a candy stand in Tacoma, Washington, into a $45 billion global conglomerate. We focus on the key decisions that kept the family in control: the unusual ownership structure with no outside investors, the 'Five Principles' that substitute for a corporate mission statement, and the high-stakes bet on pet…
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