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Mexico

November 21, 2016

A first-ever study of more than 1,000 Latin American family businesses across eight countries has turned up many challenges to tackle, from succession planning to gender balance. Guillermo Salazar, founder of Exaudi Family Business Consulting, outlines its key findings

A first-ever study of more than 1,000 Latin American family businesses across eight countries has turned up many challenges to tackle, from succession planning to gender balance. Guillermo Salazar, founder of Exaudi Family Business Consulting, outlines its key findings

June 13, 2012

Stability is one of the classic benefits of a family business. They aren’t swayed by the fluctuations of the markets or the animal spirits of nervous people on Wall Street worried about their bonuses, mortgages and alimony cheques.

July 13, 2011

Not for the first time, at News Corporation, has a global company suffered the slings and arrows of outraged criticism. Oil group BP was humbled last year for allowing oil to leak from one of its wells in the Gulf of Mexico, aided and abetted by third-party engineering contractors. Critics, led by US politicians, slammed its long-term safety record.

Not for the first time, at News Corporation, has a global company suffered the slings and arrows of outraged criticism.

Oil group BP was humbled last year for allowing oil to leak from one of its wells in the Gulf of Mexico, aided and abetted by third-party engineering contractors. Critics, led by US politicians, slammed its long-term safety record. Chief executive Tony Hayward walked the plank, and the company was forced to pay hefty compensation. To this day, court actions rumble on.

June 9, 2010

Banco Santander, the family-controlled banking group, announced today that it will purchase the remaining 24.9% of Santander Mexico for $2.5 billion.

Banco Santander, the family-controlled banking group, announced today that it will purchase the remaining 24.9% of Santander Mexico for $2.5 billion.
 
Spain-based Santander will buy the stake from Bank of America, who purchased the share in 2003 for $1.6 billion. This sale gives Santander 99.9% ownership of the Mexican unit, which is valued at $10 billion.
 

March 24, 2010

Carlos Slim became the richest man in the world last week, making him patriarch of, arguably, the most successful family business in the world. However, his succession planning is yet to be tested, write Alexandra Sharpe and Shonali Sashikant

Carlos Slim became the richest man in the world last week, making him patriarch of, arguably, the most successful family business in the world. But while he clearly has the knack for making money, his succession planning is yet to be tested, write Alexandra Sharpe and Shonali Sashikant.

October 29, 2009

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.
 
The family is part of a shareholder consortium, the Telco Group, which owns the Italian company's largest stake with 24.5%. The Benettons were the smallest investors in the group with an 8.4% stake.
 

September 11, 2008

The world’s second richest man and family business owner Carlos Slim Helu has bought a stake in the New York Times newspaper group it has been revealed.

The world's second richest man and family business owner Carlos Slim Helu (pictured) has bought a stake in the New York Times newspaper group it has been revealed.
 
The Mexican, who has a net worth of roughly $60 billion, paid $127 million for a 6.4% stake. In doing so, he becomes the group's third largest shareholder behind hedge funds Harbinger Capital and Firebrand Partners. The latter, who were critical of the business's efforts to expand its online operations, are now represented on the company's board.
 

November 4, 2007

When a feud between two brothers ripped retailing firm Soriana apart, it seemed unlikely that the family, and business, would survive. But, as the second-generation CEO tells Rodrigo Amaral, rejecting the term “family business” led to the firm’s, and the family’s, success

Rodrigo Amaral is a freelance journalist based in the UK.

When a feud between two brothers ripped retailing firm Soriana apart, it seemed unlikely that the family, and business, would survive. But, as the second-generation CEO tells Rodrigo Amaral, rejecting the term "family business" led to the firm's, and the family's, success

November 1, 2007

Carlos Slim, the world’s richest man, is the figurehead of a Latin American trend of family
businesses ascending to powerful global positions. And many believe that, despite concerns about corruption, this trend will continue if the environment for business improves at the current rate. Melanie Stern analyses the state of play for the region’s business families

Melanie Stern is a freelance journalist based in the UK.

Carlos Slim, the world's richest man, is the figurehead of a Latin American trend of family businesses ascending to powerful global positions. And many believe that, despite concerns about corruption, this trend will continue if the environment for business improves at the current rate. Melanie Stern analyses the state of play for the region's business families

ARGENTINA
Population: 39.0 million
GDP (at market exchange rates): $214.3 billion

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