Lothar von Faber’s only child Wilhelm was the designated heir. He studied business administration in Nuremberg and in Switzerland, and joined the company in 1873. Three years later he became an authorized signatory with power of attorney.
Wilhelm von Faber was of artistic bent and not really cut out for business. Fate was unkind to him: his sons Lothar and Alfred died at the age of three and four respectively. To complete the tragedy, he himself died at the early age of 42, leaving three daughters, all under age.
After Lothar’s death in 1896, his widow Ottilie ran the company until the turn of the century, assisted by some faithful employees.