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The Standard Group Plc is a
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Family businesses have been seen to flounder following the demise of their founders. Sometimes, the founders are alive, but internal squabbles arise that lead to the business going down.
Just recently, Nakumatt Supermarkets, a regional retailing powerhouse, shut doors as suppliers, creditors and landlords circled viciously demanding their dues. The family business ran by Atul Shah was founded by the embattled CEO’s father Mangalal Shah decades ago.
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