{"title":"A turn of events: The case of the repurchase of Champagne Taittinger","authors":"Celine Barredy , Donella Caspersz","doi":"10.1016/j.lrp.2022.102241","DOIUrl":null,"url":null,"abstract":"<div><p>Why does a family sell and why does a family member repurchase the business after it has been sold? We explore these questions by analysing the case of Champagne Taittinger which was sold as part of the sale of the family business by the second-generation in 2005, and the repurchase of the business by third generation, Pierre-Emmanuel Taittinger, in 2006. Guided by affective events theory, we use a qualitative approach to identify “turning points” of attachment and conflict and illustrate how an interplay of these affective states at the microfoundations of the Taittinger family influences the macro-level events of the sale and repurchase of Champagne Taittinger. We contribute to understanding how affective events at the microfoundations of family crucially influence business strategy.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102241"},"PeriodicalIF":7.4000,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Long Range Planning","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0024630122000607","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 3
Abstract
Why does a family sell and why does a family member repurchase the business after it has been sold? We explore these questions by analysing the case of Champagne Taittinger which was sold as part of the sale of the family business by the second-generation in 2005, and the repurchase of the business by third generation, Pierre-Emmanuel Taittinger, in 2006. Guided by affective events theory, we use a qualitative approach to identify “turning points” of attachment and conflict and illustrate how an interplay of these affective states at the microfoundations of the Taittinger family influences the macro-level events of the sale and repurchase of Champagne Taittinger. We contribute to understanding how affective events at the microfoundations of family crucially influence business strategy.
期刊介绍：
Long Range Planning (LRP) is an internationally renowned journal specializing in the field of strategic management. Since its establishment in 1968, the journal has consistently published original research, garnering a strong reputation among academics. LRP actively encourages the submission of articles that involve empirical research and theoretical perspectives, including studies that provide critical assessments and analysis of the current state of knowledge in crucial strategic areas. The primary user base of LRP primarily comprises individuals from academic backgrounds, with the journal playing a dual role within this community. Firstly, it serves as a platform for the dissemination of research findings among academic researchers. Secondly, it serves as a channel for the transmission of ideas that can be effectively utilized in educational settings. The articles published in LRP cater to a diverse audience, including practicing managers and students in professional programs. While some articles may focus on practical applications, others may primarily target academic researchers. LRP adopts an inclusive approach to empirical research, accepting studies that draw on various methodologies such as primary survey data, archival data, case studies, and recognized approaches to data collection.
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