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Spain

July 30, 2021

Porsche family joins billionaire space race with rocket investment, Amancio Ortega’s Inditex fortunes fall and rise with Covid-19 restrictions, Weston family puts Selfridges on the auction block for $5.5 billion.

Porsche family joins billionaire space race with rocket investment

The Porsche family is backing the European rocket launch startup Isar Aerospace Technologies with an eye on the spin-off innovations from easier access to space.

June 19, 2021

Puig headquarters, Barcelona, 1990, 9:12pm, a young inexperienced product manager was looking at potential packaging designs for a new Puig perfume. He had to pick at least two finalists for a meeting with his boss the following day.

Puig headquarters, Barcelona, 1990, 9:12pm, a young inexperienced product manager was looking at potential packaging designs for a new Puig perfume. He had to pick at least two finalists for a meeting with his boss the following day.

May 7, 2021

Does it make sense to professionalise the management of my wealth (or that of my family), treating it in a manner comparable to how I treat my company or other businesses? In other words, should we create a family office?

Does it make sense to professionalise the management of my wealth (or that of my family), treating it in a manner comparable to how I treat my company or other businesses? In other words, should we create a family office?

February 28, 2021

Illycaffe brews non-family investment for US push, Melia Hotels ready for travel trade recovery after Covid-19 losses, Covid-19 rebound ‘the right moment’ for ArcelorMittal succession.

Illycaffe brews non-family investment for US push

The Illy family has sold a stake in its $629 million Italian premium coffee company Illycaffe for the first time in its 88-year history and says it is open to floating the family business on the stock market.

December 21, 2020

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

November 8, 2020

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue, Otto Group ‘bounces back’ off e-commerce acceleration, Clark family rescue shoe business with LionRock Capital deal.

Digitalisation, flexibility and safety keep Melia’s doors open against drop in revenue

Spain’s Escarrer family is determined to improve the competitiveness and efficiencies of its global hotel business after counting the cost of the “terrible” impact of the Covid-19 pandemic on the travel industry.

March 23, 2020

The boards of family businesses need to step up their professionalisation to broaden succession planning, introduce the next generation and improve the gender mix, says a leading international family business consultant.

The boards of family businesses need to step up their professionalisation to broaden succession planning, introduce the next generation and improve the gender mix, says a leading international family business consultant.

February 14, 2020

Inditex pumps $9.2 million into social welfare; Benetton fires photographer over bridge remark; Frederick Koch, US philanthropist, dies aged 86.

Ortego-owned Inditex pumps $9.2 million into social welfare

The Ortega family-owned Spanish fashion giant Inditex, best known for its high street retail chain Zara, will give €8.5 million ($9.2 million) to the Catholic Church’s charitable organisation Caritas Spain for social employment and circular economy efforts.

November 15, 2019

Walmart weathers trade war with soaring digital sales, family offices enticed to stay in Hong Kong, Jari Ovaskainen’s family office ties to Alierta family.

Walmart weathers trade war with soaring digital sales

The 3.2% growth in third-quarter sales announced by family business Walmart this week, ahead of lucrative holiday sales, are being seen as a sign of the US economy’s resilience against a weakening global economy.

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