As our senior family members retired, we started elevating non-family members who had worked at Bacardi for a considerable time. "Most of them have so much money, they just go from Monaco to Bermuda to Nassau," said one family dissident. According to Net Worth List Monika is worth a whopping $5.5billion (4.4billion). Welcome to the Bacardi Family page at Surname Finder, a service of Genealogy Today. But the companies remained the lifeblood of the family, the beacon unifying the evermore scattered relatives. "On February 4, 2023, Bacardi celebrates 161 years since Don Facundo Bacard Mass founded the company in Santiago de Cuba. The symbol soon becomes iconic and makes BACARD Rum instantly recognisable a badge of quality and consistency. The Bacardi story starts long before they ever produced a drop of rum. Memorials. An ocean away, in Canada, 25-year company veteran Alberto Bacardi was presiding over a successful distilling and distribution operation in Toronto. They didn't have to. in a tiny dirt-floored distillery in Santiago de Cuba by Facundo Bacardi Mass, the Spanish-born son . DON FACUNDOS RECIPE FOR CHANGING THE WORLD OF RUM FOREVER. Moreau, Facundo M. Bacard Y Moreau, Jos Bacard Y Moreau, Amalia Schueg Y Chassin (born Bacard Y Moreau), Bacard Y Mo Food and beverage industry businesspeople, Amalia Lucia Victoria Moreau y Grandchamp, Birth of Mara Magdalena Bacard y Moreau. Facundo L. Bacardi, the great-great-grandson of Bacardi Ltd.founder, Don Facundo Bacardi Masso, has served as chairman of the board of Bacardi Ltd. since 2005. Originally known for its Bacardi brand of white rum, it now has a portfolio of more than 200 brands and labels. Q: What did growing up watching the family business teach you about finances? The idea that you could go down and buy land in Cuba is, frankly, unrealistic. In 2009, Bacardi Limited achieves a Triple Crown certification to lead the industry as the only major spirits company in the world to have all its facilities globally certified to be operating in accordance with the worlds most recognized standards for quality, environment, and health and safety, Bacardi becomes officially recognised as one of the worlds best-run companies. For Wayne, it means protecting Gotham. "To the best of my knowledge, our shareholders have been told" the reasons for privatization in the company's proxy statement, del Valle said in an interview at Bacardi Corp. headquarters here. "We do not comment on the financial interests of our executives, nor do we comment on matters involving executives of other companies," said spokeswoman Chris Boesch. There are no rights. I see that the Cuban people are honest and hard-working. Why doesnt Bacardi adopt a public position of getting Washington to look at the facts and understand this would be great for both countries, to expand commerce, to expand jobs and to help our neighbor? Facundo L. Bacardi has been Chairman of the Board of Bacardi Limited since 2005 and a director since 1993. SHANKEN: I have been to Cuba a number of times. "It's almost impossible to tell you what this means to us. The dissidents had spent the intervening weeks frantically shifting shares among family members, distributing blocks of 1,000 shares to children, spouses and trusts, to ensure that even after the reverse split more than 300 shareholders would remain. The proxy statement listed three reasons for the consolidation: to reduce the number of stockholders; to save "burdens and costs" of the reporting and regulatory requirements of being a public company, estimated at $200,000 per year, and to "reduce the diversity of stockholder interests, thereby simplifying the corporation's management decisions.". He also held a position with Bacardi & Co. -- and he opposed the privatization plan. We will be back in Cuba, and we will invest beyond what it will take just to build the brand. Founded in Santiago de Cuba on February 4, 1862, family-owned Bacardi employs more than 8,000 people, operates production facilities in 10 countries, and sells its brands in more than 170. The family fled Cuba for South Florida, Puerto Rico and the Bahamas after Fidel Castro seized Bacardi's Cuban properties in October 1960 -- hence, the complex and scattered corporate structure . Rumours quickly spread across Cuba about the premium quality of el ron del murcielago or the rum of the bat. Facundito was known to load the party band on the back of a truck and drive them through the streets so everyone could enjoy the music and the familys rum. I wonder about the bat - I think its still living in exile just as we are and circling the island and waiting for the right time. Martin Sikora, editor of Mergers & Acquisitions magazine, said going private means owners "can do whatever the hell they want without anybody looking over their shoulders. John Galantic is president and chief operating officer of Chanel. Fancisco Carrera Justiz, 5th Generation Bacard family member. ", "The exact circumstance is, we have been attacked," said Robert O'Brien, an attorney related to the Bacardis by marriage who has become an informal spokesman for the dissident group. Adolfo Comas Bacardi has started his own business, distributing perfumes, cosmetics and skin-care products in Puerto Rico. To top it off, after the outbreak is over, you find your business looted and have to file for bankruptcy. . We were so frugal, in fact, that we were pretty much a single-brand company from 1862 until 1992 (when Bacardi acquired General Beverage, which owns the Martini & Rossi group). Facundo L. Bacardi is chair of the board of Bacardi Ltd., the third-largest global distilled spirits company, headquartered in Hamilton, Bermuda. SHANKEN: It must come up at board meetings.BACARDI: Never. CHAPTER 6: OVER 150 YEARS OF BRINGING PEOPLE TOGETHER. The legacy they began over 158 years ago has been carried on by seven generations of the Bacard family and the employees of Bacardi Limted, all over the world. "I have absolutely no comment to make," Cutillas said. We encourage you to research and . In Cuba, once its completely open, Id like to help renovate some of the existing older buildings. RUM 40% ALC. SHANKEN: Whats your vision for the next 20 years of Bacardi?BACARDI: My vision is to see Bacardi grow organically and grow through acquisitions. Specifically, Facundo Bacardi Masso, youngest of four sons of a Catalonian stonemason. Discover the outstanding breadth and depth of our family of brands and labels. In a brief telephone interview, O'Hara said he could add little to what he had said at the stockholders' meeting and was prohibited from commenting further on the privatization plan because he could not discuss information that was not available to all stockholders. North America. The battle cry of the Cuban soldiers Por Cuba libre! (For a Free Cuba) is used as a toast and eventually christens the drink! The representatives are not family members, but every one of them exercises their judgment in terms of whats in the best interest of the company, knowing they are there representing the familys long-term interest.SHANKEN: What about the other six? The 3-billion-euro sales company, which produces and sells a wide range of beverages including Martini vermouth and Bombay Sapphire gin, has called a shareholder meeting on June 18 to appoint its 14-member board. View Site 3. The party spirit of BACARD only grows wilder. A Coca-Cola spokesman said the company has a policy of not commenting on "rumors of acquisitions, divestitures or mergers, and that applies in this case." Biographical Summaries of Notable People FREE Facundo L. Bacardi Genealogy record of Facundo L. Bacardi Geni World Family Tree Facundo Luis Bacardi They had to apply for and compete for their jobs, and they worked alongside nonfamily employes who also rose to high positions. What would be the motive?BACARDI: Its because there really are no basic freedoms in Cuba. Q: What money lessons are you passing down to your own four daughters (ages 5 to 15)? The dictatorship portion is the past, not the future.BACARDI: The benefit that Cubans will have will be opportunity from companies coming into Cuba and wanting to build businesses, thus providing jobs. Facundo Bacard Moreau (son of Don Facundo) plants a coconut palm at the front of the new distillery. Facundo Bacard y Mass (1813 - 1886) - Genealogy October 15, 1813. As one Bacardi put it: "If someone buys a bad bottle of rum, he doesn't remember where he bought it. From the 1950s through the mid-1970s, the empire was unified under Jose (Pepin) Bosch, who had married Don Facundo's granddaughter. It all started in 1862, when founder Don Facundo Bacard Mass, bought a small distillery in Santiago de Cuba. CHAPTER 2: TASTE THE FLAVOR OF 1800S CUBA. For readers interested in a historic document filled with insights into Cuba and the Cuban Revolution, read the interview here. Bacardi Limited (/ b k r d i /; Catalan: ) is one of the largest privately held, family-owned spirits companies in the world. We see it from the perspective of Cuban exiles returning home. Bacardis history is so closely intertwined with that of Cuba. O'Hara reportedly said he was aware that some shares had been transferred. Don Facundo Bacard Masso; 14 October 1814 9 May 1886) was a Spanish businessman who, in 1862, founded the eponymous Bacardi rum distillery. Bacardi LTD is the only multinational in the world where the majority of shareholders are represented by trusts whose trustees vote against the instructions of the trusts beneficiaries, unconditionally supporting the current leadership team, she said. All quotes delayed a minimum of 15 minutes. Bacardi talked about the hopes the family has to return to Cuba some day, and what that might mean for the company in the future. We live in a world in which we as Americans have a view as to how our society should be. That was the beginning of a long transition away from simply being a family-run company. O'Hara said there were no plans for any such transaction. Stockholders owning less than 1,000 shares would receive cash for their interest, at $41 a share. "We have really believed in the sanctity of the family and loyalty to our forefathers," said one Bacardi who asked not to be identified further. SHANKEN: I was just thinking of people owning homes.BACARDI: Youre beginning to see that, little by little. Join our fun interactive class and learn how to create the perfect Mojito and Pina Colada, with bartender tricks. And the company took care of its own. While he was growing up, his older brothers left home and traveled to Cuba seeking a better life and found success opening a small mercantile shop in Santiago. This is our story: over 150 years of never giving up. When we look at Cuba, to us its really not a commercial endeavor. Wealth Management is part of the Informa Connect Division of Informa PLC. He , Marvin R. Shankenhas interviewed a host of fascinating people from all walks of life throughout the , Joe Gurrera, the owner of the popular gourmet market chain Citarella, still finds time to smoke a , An exclusive interview with Marvin R. Shanken, chairman of M. Shanken Communications. The people who really care about Cuba, not from a commercial perspective, but from a true desire to help Cubans, whether youre pro-embargo or anti-embargo, those on both sides of the issue are already doing that. . 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