As the founders of family firms receive dividends or the proceeds of initial public offerings, they usually redeploy the cash.

家族办公室创始人获得股息或首次公开募股收益，随之会重新配置资金。

He’s built up the family firm into a multinational company.

【build】他把家族公司发展成为一家跨国大公司。

He became a partner in the family firm on reaching his majority.

【majority】他到达法定年龄后便成为家族企业的合伙人。

But the Hermes clan can draw satisfaction from the fact that their investment in the family firm has yielded returns of over 400% since 2010

但是爱马仕家族还是心满意足，因为自2010年以来，他们对家族企业的投资回报率超过400%。

Fast forward to autumn 2020, and the various descendants of Thierry Hermes not only still control their family's firm, they have beaten LVMH at its own game.

快进到2020年秋季，蒂埃里·爱马仕的后代们不仅仍然控制着家族企业，还在博弈中战胜了LVMH集团。

Rather than thrive, sources say, the couple felt stifled by the " ribbon-cutting" nature of much of the job and the financial restrictions on working outside the family firm.

消息人士称，这对夫妇非但没有茁壮成长，反而因为工作的“剪彩”性质和在家族企业之外工作的财务限制而感到窒息。

Andrew Churchill, who runs JJChurchill, a family firm that makes turbine blades and other high-tech kit, says capital equipment is ten times more expensive it was a decade ago.

安德鲁·丘吉尔运营着一家名为JJ丘吉尔的家族企业，这家公司主要制造涡轮叶片和其他高科技装备，他说资本设备比十年前整整贵了10倍。

Rich people who have already handed their assets to these banks to look after readily turn to them for advice when they are thinking of selling their family firms or raising debt to finance them.

有的富人已经把资产交给这些银行管理，并且在考虑出售家族公司或者集资借债时，都很乐意向它们寻求帮助。

It is refreshing to read so much that is positive about Italy amid the pervasive gloom: the fight against organised crime in the south, the exporting power of family firms in the north, the impact of Mr Monti's reforms.

在当下弥漫的悲观情绪中，看到这么多关于意大利的正面消息，的确使人振奋：与南意大利组织性犯罪的斗争，北意大利家族企业的出口竞争力，蒙蒂总理改革政策的影响。