Businesses with retiring founders often find themselves at a crossroads. Some owners cash out by selling the company off entirely. Others retain their financial interests, but have external executives take over business operations. Sometimes, the firm is simply shut down. Ivan Hoe of Royal Insignia is in a far more enviable position: all three of his children are involved in the business he founded, and look set to take over completely when he finally decides to hang up his spurs.
Ivan Hoe established Royal Insignia in 2000, with the business initially focused on creating orders, decorations, and medals for royalty and governments around the world. Along the way, the business has diversified to offer fine jewellery and customised gifts as well. Hoe’s three children have come on board over the years to help him manage the business, beginning with his eldest daughter, Rachel, who also spearheaded the creation of Royal Insignia’s restoration department.