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Northshore October 2025
The children of Sal Lupoli, Joe Faro, and Ginny Eramo are all stepping into ready-made businesses. But in a way, the odds are stacked against them: According to a widely circulated stat, only around 30 percent of family businesses survive through the second generation. Lupoli, Faro, and Eramo—and their children—are all working to buck that trend. From practicing how to humanely fire employees, to studying other business transitions, to quietly handing off power behind the scenes, here’s how the three families are attempting to put the “success” in succession. Earning Respect Joe Faro, founder of Tuscan Brands, doesn’t yet
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