How ‘Hoe Hin White Flower Embrocation’ keeps a century-old family legacy in bloom

For any family business built up over many decades, succession is rarely as simple as passing down a title. Each generation must understand the values and qualities that have made the company popular with customers, while finding ways to carry on its legacy and ensure it endures. That process often requires both emotional and practical preparation for family-owner businesses, says Christine Wong, Bank of Singapore’s head of wealth planning for Greater China and North Asia. “Succession is not...