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Latin America

February 18, 2019

The Mexican economy may long have had difficulties in achieving brisk growth, but that has not stopped the nation’s largest family businesses from forging ahead and, in some cases, becoming world leaders. Daniel Bardsley takes a look at this land of extremes and where families fit in

The family business dominates the Mexican economic landscape—an often-used motto in the country is “You trust your blood”—but few nations have such a gaping divide between the large and the small.

At one extreme, Mexico has millions of under-the-radar micro-businesses keen to avoid the attentions of the tax collectors, while at the other it plays host to corporate family-controlled giants that are at the global cutting edge.

February 21, 2018

Flipping burgers pays at In-N-Out, Nutting family buys regional newspaper, and Chilean family offices’ plans for 2018

Flipping burgers pays at In-N-Out

Family-owned burger chain In-N-Out has revealed it pays its restaurant managers an average salary of $160,000 a year, more than three times the industry average.

July 7, 2016

The growing number of Latin American ultra-high net worth families and an increasing international focus as the next generation go abroad for education, mean Latin America’s wealthy are re-balancing risk and returns, locally and offshore. 

The growing number of Latin American ultra-high net worth families and an increasing international focus as the next generation go abroad for education, mean Latin America’s wealthy are re-balancing risk and returns, locally and offshore.

Although Chilean businessman Andrónico Luksic Abaroa’s life did not quite qualify as a rags-to-riches tale – as a youngster he attended the Sorbonne, albeit briefly – his wealth was self-made.

March 24, 2016

Latin American ultra-high net worth (UHNW) business executives are on the lookout for merger and acquisition (M&A) targets and are particularly bullish about regional opportunities, despite the challenging economic environment, new research suggests.

Latin American ultra-high net worth (UHNW) business executives are on the lookout for merger and acquisition (M&A) targets and are particularly bullish about regional opportunities, despite the challenging economic environment, new research suggests.

Risk & Return in Latin America found that 56% of the 45 UHNW family business executives surveyed perceive M&A opportunities in Latin America to be excellent or very good.

January 12, 2012

Drugmaker Grünenthal is looking to “invest big” in Latin America and has $1.3 billion (€1.01 billion) to spend on acquisitions “in the near future”, according to the company’s chief executive officer. 

Drugmaker Grünenthal is looking to “invest big” in Latin America and has $1.3 billion (€1.01 billion) to spend on acquisitions “in the near future”, according to the company’s chief executive officer.

Harald Stock told Bloomberg that the family business, based in Aachen, Germany, wants to expand its painkiller operations in Latin America, particularly in Brazil and Mexico.

October 12, 2011

Brazil’s Grupo Pão de Acúcar, controlled by the Diniz family, has notched up impressive third-quarter revenues for 2011 on the back of the country’s rapidly growing economy.

Brazil’s Grupo Pão de Acúcar, controlled by the Diniz family, has notched up impressive third-quarter revenues for 2011 on the back of the country’s rapidly growing economy.

The supermarket chain, headed by family member Abilio dos Santos Diniz, said in a statement that its net sales rose by 56% to R$11.08 billion (€4.5 billion), while its same-store revenues increased by more than 10% year-on-year.

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