Document Type

Article

Publication Date

9-2021

Abstract

Adam Farber, owner of Mark Adrian Shoes in Gloucester, Massachusetts, has one of the shortest family business succession stories in the industry based on planning – not an emergency. His family has five generations of experience in the shoemaking and shoe retailing industry dating back to the late 1800s, although not all generations owned the same business. Several of them started their own. Adam’s father, Mark Adrian Farber, opened his store in 1975. Adam joined Mark Adrian Shoes in 2014 after having outside work experience, and the family wrapped up the business succession when his father stopped working in 2017. This article discusses Adam’s journey. While every family business is different, a takeaway is for families to talk about their vision for their business’ future with family at the center.

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Published in the September/October 2021 issue of Shoe Retailing Today, Copyright © 2021, National Shoe Retailers Association, Tucson, AZ, www.nsra.org. All rights reserved

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