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South America

Family owned Fiat Chrysler, LVMH move on multi-billion dollar mergers

October 31, 2019

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

The Italian Agnelli family, which controls Fiat Chrysler through its holding company Exor, was expected to approve the proposed $48 billion union with Peugeot-owner PSA, itself 12.2% owned by the French Peugeot family.

Latin American economies at risk when families fail to plan succession

March 21, 2019

Latin American family businesses must create value and thrive for the economic well-being of their home countries, but succession planning is the most common reason why family firms fail.

Latin American family businesses must create value and thrive for the economic well-being of their home countries, but succession planning is the most common reason why family firms fail.

Argentine family business profile: Techint Group

August 2, 2016

Founded in 1945, Techint has grown to become the world’s largest manufacturer of seamless steel tubes, mainly for the oil industry. The Buenos Aires-headquartered firm is currently the largest steelmaker in Latin America.

Founded in 1945, Techint Group has grown to become the world’s largest manufacturer of seamless steel tubes, mainly for the oil industry. The Buenos Aires-headquartered firm is currently the largest steelmaker in Latin America.

FAMILY

Expanded horizons: How Latin American families are balancing risks and returns

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.

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.

Infographic: Argentine family businesses

April 22, 2016

A lack of sector specific policies is a cause for concern for many family businesses in Argentina, but could the appointment of a new president spell a change in their fortunes? Michael Finnigan takes a look

Southern comfort

July 3, 2012

Western family offices are just beginning to uncover the investment potential in Latin America. Their challenge is to track down local families and fund managers with whom to partner.

It’s accepted investment wisdom that Latin American economies offer spectacular returns for investors. The region’s economies are expected to continue to soar while Europe and North America bump along the bottom, printing more money just to survive. So is Latin America El Dorado for family offices?

Family business Luxottica buys Brazilian eyewear firm

December 1, 2011

Luxottica, the world's largest eyewear group which is 70% controlled by the Del Vecchio family, said it has signed an agreement to acquire Grupo Tecnol, as the Italian family business continues to expand in Latin America.

Luxottica, which owns sunglass brands including Ray-Ban and Oakley and makes frames for Chanel, Prada, Burberry and Tiffany’s, said the value of the deal is about €110 million.

Families come together to form 11th largest airline

August 16, 2010

Two family business dynasties have come together to form a new airline in South America in a move designed to take advantage of the growing demand for air travel in the region.

Two family business dynasties have come together to form a new airline in South America in a move designed to take advantage of the growing demand for air travel in the region.

The Cueto family, who own around 34% of LAN of Chile, and the Amaro family, who have a similar holding in Tam of Brazil, will together control around 38% of the new airline, called Latam Airline Group, making them the group's largest shareholders. The Cueto family will have the largest stake of the new airline, at 24%.