While some siblings find it impossible to be in the same room together, others have brought their talents together to develop and maintain prosperous business. Here are examples of some of the most successful sibling business partners. Do you recognize any of them?
Jeffrey & Jackie Soffer
Siblings, Jeffrey and Jackie Soffer http://therealdeal.com/miami/issues_articles/team-lefrak-and-soffer-to-the-rescue , are making a major impact in the real estate and retail markets through their company, Turnberry Associates. Under Turnberry Associates, the Soffers have created and managed major real estate developments in the United States that range from residential properties and hotels to luxury malls. Most recently, the pair joined forces with LeFrak on a multi-billion dollar development in North Miami, called Solē Mia Miami.
Mary-Kate & Ashley Olson
The Olsen twins, Mary Kate and Ashley, have gone from television stars on Full House to full blown fashion icons. At 29 years old, both Mary Kate and Ashley work together on their two fashion lines, Elizabeth & James, named for their siblings, and The Row, an upscale clothing line. Ashley started The Row when she designed a t-shirt while still in college. It was luxurious and yet practical. Both brands have been quite successful and sales have experienced increases every year. In fact, the sisters won Womenswear Designer of the Year in 2015 for The Row.
While Mary Kate prefers a more low-key lifestyle, the sisters share responsibilities when it comes to their fashion businesses. The Olsens choose not to be the face of their brands and they do not use their names on the labels in order to let the clothes sell themselves.
Gaurav & Sucheta Goenka
Gaurav and Sucheta Goenka, heads of the Citrus Hotel Group in India, work together on a daily basis. Gaurav handles acquisitions and investments while Sucheta’s responsibility falls in management. Their father introduced them to the hotel business and they have experienced a lot of success http://yourstory.com/2014/08/brother-sister-entrepreneurship-business-partners/. The Goenkas currently have 15 hotels, with more planned.
In designing the hotels, the Goenkas made sure to integrate the unique culture of the location that each hotel is located in. For example, Mahabaleshwar is one of the hotel locations, where the old British heritage is evident in the architecture and the atmosphere. Jaipur, the Pink City, has an international airport and connections to much of India. Goa is on the beach, and Mumbai, previously known as Bombay, is another favorite tourist destination, among many others.