The group was created by Alfred Van Van in Hong Kong after fleeing China during the turbulence that marked the beginning of the communist regime. After the successful creation of a diversified business trade and extending various other Asian countries, and in 1995 the business was transferred to his second son, Charles Wang, a charismatic leader. Charles wanted to create a more stable family business, set up to world trends today, and work non-family members. To this end, Carl hired outside Director General to implement his vision after the implementation of far-reaching corporate change program. The global economic crisis that began in 2008, however, caught in the middle of a reorganization, and brought loss and maintenance of newly hired CEO. Charles Wang had no choice but to take over the top job in itself, and it was necessary to revise the way to a sustainable future for the family firm. "Hide
by Marleen Dieleman, Jonathan Ho Wye-Kit Source: Richard Ivey School of Business Foundation 8 pages. Publication Date: April 5, 2012. Prod. #: W12853-PDF-ENG
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