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Spain

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.

September 5, 2018

A leading Spanish business school says families can plan their successions in just six steps, after finding most of the firms it surveyed did not have a structure ready to transfer control between the generations.

A leading Spanish business school says families can plan their successions in just six steps, after finding most of the firms it surveyed did not have a structure ready to transfer control between the generations.

New research from IESE Business School revealed more than half of the companies consulted (53%) did not yet have a defined succession plan, despite acknowledging the importance of securing longevity.

August 29, 2018

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Spain was among the Eurozone countries hit hardest by the economic crisis in 2008, its GDP shrinking by 10% over five years. At the same time, the lines of those searching for work lengthened dramatically and when the country was at its lowest ebb, the unemployment rate was well above 25%.

April 12, 2018

Exceptional speakers are confirmed and shortlisted nominees are ready for the judges’ consideration now there are just two months to go until Campden Wealth hosts the Davos and Oscars of family business in Europe.

Exceptional speakers are confirmed and shortlisted nominees are ready for the judges’ consideration now there are just two months to go until Campden Wealth hosts the Davos and Oscars of family business in Europe.

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