Tuesday, April 17, 2007

 

A Family Business Dies, After 14 Centuries

The business Kongo Gumi ended last year. It has had an impressive run: 14 Centuries.
The world's oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders' descendants since 578, succumbed to excess debt and an unfavorable business climate in 2006.
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