[4] He served as Chairman of Furness Withy, the shipbuilding firm, and was also involved in the steel and iron business.

She died on 28 February 1921, aboard the Furness yacht Sapphire off the coast of Portugal, while recovering from an operation and was buried at sea.

They had one son:[10] Furness's third and final marriage was to Enid Cavendish (née Lindeman), the Australia-born widow of Brig.

By this marriage he had three stepchildren: In June 1921, Lord Furness was engaged to Julie Thompson (née Julie Francis Eleanor Phillips, died 15 April 1967), an American socialite and former wife of stockbroker George Lee Thompson.

Lord Furness died on 6 October 1940, aged 56, 5 months after his son Christopher was killed in the Battle of Arras.