840,000 retirements: The powerhouse of Europe’s biggest economy faces a 5-year succession crisis

Sean Gallup/Getty Images Germany’s class of small or medium businesses — known as the Mittelstand — faces a looming succession crisis, according to an FT report. Over the next five years, the heads of 840,000 businesses are set to retire, and need to find successors. “The Mittelstand is going to be hit by a wave of […]