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Mexico

March 26, 2021

Family and legacy go hand in hand and most families in business have a desire to connect and contribute to sustaining their legacy across the generations. One way we do this is by sharing and maintaining the things we value, such as important traditions, milestones, personal histories and the family’s beliefs and principles.

Family and legacy go hand in hand and most families in business have a desire to connect and contribute to sustaining their legacy across the generations. One way we do this is by sharing and maintaining the things we value, such as important traditions, milestones, personal histories and the family’s beliefs and principles.

February 19, 2020

Walmart is disappointed with festive consumer spending and Asda but online sales up 35%, JCB cuts UK production as the coronavirus hits Chinese suppliers, and fifth-generation US newspaper dynasty McClatchy Co files for bankruptcy.

Walmart disappointed with festive consumer spending and Asda but online sales up 35%.

Walmart, the world’s biggest family business with $524 billion in revenue and an economic bellwether, says holiday sales were weaker than anticipated despite online sales jumping 35% in the fiscal year.

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.

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.
 

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