Latest news with #MexicoCity-based
The Age
04-07-2025
- Business
- The Age
Corona heiress is on edge about her $12.5 billion beer fortune
In February, Pablo and Tresalia CEO Perez joined Santiago on the board of the Spanish branch of fitness company Barry's Bootcamp, as it raised extra capital without disclosing the financing source. Pablo, the elder of the two, is also a managing director at Tresalia and helps to oversee its private equity division, according to his LinkedIn profile. 'This is not a small family office – it's a small investment management firm,' said Christina Wing, co-founder of Wingspan Legacy Partners, which advises ultra-wealthy families. 'If the people she hired match her strategy, it's a perfect set-up.' Aramburuzabala declined to comment for this story, as did her son Pablo. Santiago didn't respond to a request for comment. Aramburuzabala was thrust into the spotlight when her father, Pablo, died of cancer in 1995 at age 63. With no son as his heir-apparent, his death left a leadership vacuum in a business culture traditionally dominated by men. Loading 'The world caved in on us,' she told The New York Times in a 2002 interview. 'Friends, enemies, boyfriends – everyone wanted control. Less than a month after my father died, we had people coming to tell us that he had left them in charge, and that they were going to manage things for us.' At issue was the family's stake in Grupo Modelo, the Mexico City-based brewer that Aramburuzabala's grandfather co-founded in 1925. It grew quickly, acquiring Mexican competitors while rolling out new brands. In 1979, it introduced Corona to the US market for the first time, where it eventually became the top-selling imported beer. Budweiser maker Anheuser-Busch began to buy shares of Grupo Modelo in the early 1990s, eventually acquiring about half of the Mexican brewer. Quickly proving herself an adept negotiator, Aramburuzabala helped lead talks to sell the noncontrolling stake. She became vice chair of Grupo Modelo in 1996, the same year she founded Tresalia. After Belgian brewing giant InBev acquired Anheuser-Busch, the combined behemoth bought the remaining 50 per cent of Grupo Modelo in 2013, paying some $US20 billion. Aramburuzabala helped convince other shareholders to approve the deal after Anheuser-Busch InBev upped its offer price. While the exact stake the Aramburuzabala family held at the time isn't clear, it was among three major groups of shareholders to profit from the windfall. Maria Asuncion Aramburuzabala used part of the proceeds to buy AB InBev shares and joined the company's board along with Valentin Diez Morodo, another descendant of a Grupo Modelo co-founder. 'I don't want to be that typical leader that did everything and then at some point there's a hole and it goes sideways.' Maria Asuncion Aramburuzabala Overall, the Aramburuzabala family pocketed at least $US3 billion through Grupo Modelo stake sales, according to Bloomberg's wealth index. Three allies Aramburuzabala, who has an accounting degree from the Autonomous Technological Institute of Mexico, is among a growing population of ultra-wealthy women who've established their own family offices, though few set them up as long ago as the beer heiress. Tresalia – a portmanteau of Tres Aliadas, or Three Allies, for Aramburuzabala's sister, mother and herself – has over the years invested in and exited businesses like Mexican media company Grupo Televisa, fashion brand Tory Burch and data centre operator Kio Networks. Loading It has also stayed close to the fortune's origins in the consumer space, allocating to consumer-goods giant Kraft Heinz and riding the multibillion-dollar coffee bet of JAB Holding alongside other billionaire shareholders of AB InBev such as Alejandro Santo Domingo, the head of Colombia's richest family. Aramburuzabala stepped down as a director of AB InBev in 2023 after serving a decade on the company's board. She also resigned as a director of beauty company Coty earlier this year, leaving her without any board roles at listed companies. She's now spending more time on her hobbies such as travel and animal photography. Her passions also include deep-sea diving, an interest she has passed on to her sons, who both describe themselves as ocean explorers.
Sydney Morning Herald
04-07-2025
- Business
- Sydney Morning Herald
Corona heiress is on edge about her $12.5 billion beer fortune
In February, Pablo and Tresalia CEO Perez joined Santiago on the board of the Spanish branch of fitness company Barry's Bootcamp, as it raised extra capital without disclosing the financing source. Pablo, the elder of the two, is also a managing director at Tresalia and helps to oversee its private equity division, according to his LinkedIn profile. 'This is not a small family office – it's a small investment management firm,' said Christina Wing, co-founder of Wingspan Legacy Partners, which advises ultra-wealthy families. 'If the people she hired match her strategy, it's a perfect set-up.' Aramburuzabala declined to comment for this story, as did her son Pablo. Santiago didn't respond to a request for comment. Aramburuzabala was thrust into the spotlight when her father, Pablo, died of cancer in 1995 at age 63. With no son as his heir-apparent, his death left a leadership vacuum in a business culture traditionally dominated by men. Loading 'The world caved in on us,' she told The New York Times in a 2002 interview. 'Friends, enemies, boyfriends – everyone wanted control. Less than a month after my father died, we had people coming to tell us that he had left them in charge, and that they were going to manage things for us.' At issue was the family's stake in Grupo Modelo, the Mexico City-based brewer that Aramburuzabala's grandfather co-founded in 1925. It grew quickly, acquiring Mexican competitors while rolling out new brands. In 1979, it introduced Corona to the US market for the first time, where it eventually became the top-selling imported beer. Budweiser maker Anheuser-Busch began to buy shares of Grupo Modelo in the early 1990s, eventually acquiring about half of the Mexican brewer. Quickly proving herself an adept negotiator, Aramburuzabala helped lead talks to sell the noncontrolling stake. She became vice chair of Grupo Modelo in 1996, the same year she founded Tresalia. After Belgian brewing giant InBev acquired Anheuser-Busch, the combined behemoth bought the remaining 50 per cent of Grupo Modelo in 2013, paying some $US20 billion. Aramburuzabala helped convince other shareholders to approve the deal after Anheuser-Busch InBev upped its offer price. While the exact stake the Aramburuzabala family held at the time isn't clear, it was among three major groups of shareholders to profit from the windfall. Maria Asuncion Aramburuzabala used part of the proceeds to buy AB InBev shares and joined the company's board along with Valentin Diez Morodo, another descendant of a Grupo Modelo co-founder. 'I don't want to be that typical leader that did everything and then at some point there's a hole and it goes sideways.' Maria Asuncion Aramburuzabala Overall, the Aramburuzabala family pocketed at least $US3 billion through Grupo Modelo stake sales, according to Bloomberg's wealth index. Three allies Aramburuzabala, who has an accounting degree from the Autonomous Technological Institute of Mexico, is among a growing population of ultra-wealthy women who've established their own family offices, though few set them up as long ago as the beer heiress. Tresalia – a portmanteau of Tres Aliadas, or Three Allies, for Aramburuzabala's sister, mother and herself – has over the years invested in and exited businesses like Mexican media company Grupo Televisa, fashion brand Tory Burch and data centre operator Kio Networks. Loading It has also stayed close to the fortune's origins in the consumer space, allocating to consumer-goods giant Kraft Heinz and riding the multibillion-dollar coffee bet of JAB Holding alongside other billionaire shareholders of AB InBev such as Alejandro Santo Domingo, the head of Colombia's richest family. Aramburuzabala stepped down as a director of AB InBev in 2023 after serving a decade on the company's board. She also resigned as a director of beauty company Coty earlier this year, leaving her without any board roles at listed companies. She's now spending more time on her hobbies such as travel and animal photography. Her passions also include deep-sea diving, an interest she has passed on to her sons, who both describe themselves as ocean explorers.
Wales Online
01-07-2025
- Sport
- Wales Online
Aaron Ramsey turned down two offers to seal Mexico move as he officially leaves Cardiff City
Aaron Ramsey turned down two offers to seal Mexico move as he officially leaves Cardiff City The midfielder has touched down in Mexico City ahead of opening a new chapter in his career Former Cardiff City midfielder Aaron Ramsey at the UK embassy in Mexico City (Image: Gonzalez Blanco ) Aaron Ramsey has landed in Mexico as he prepares to finalise a move to Liga MX side Pumas UNAM. The 34-year-old Wales captain has already completed a medical with the Mexico City-based club and is expected to sign a deal on Tuesday for the upcoming season, which includes an option to extend, according to The Athletic. Pumas kick off their 2025/26 campaign on July 13 against Santos Laguna, having finished 10th in the league last term. Ramsey was locked in lengthy negotiations over potentially becoming the new head coach of Cardiff City on a permanent basis, before he informed the club of his desire to continue his playing career. It is now reported he turned down offers from clubs in Saudi Arabia and the United Arab Emirates. Join the Cardiff City breaking news and top stories WhatsApp community Following the expiry of his contract at Cardiff on Tuesday, Ramsey is now officially a free agent. On Tuesday evening, Ramsey was pictured in Mexico City alongside Josefa Gonzalez Blanco, the country's UK ambassador. Article continues below "Thrilled to welcome Aaron Ramsey to the Embassy today!" she wrote on social media. "He's now heading to Mexico City to officially join Pumas ahead of the Opening 2025 season!" Ramsey rejoined the Bluebirds in 2023, however terrible injuries reduced him to playing only 23 games in all competitions across the two seasons he was at the club. The midfielder was appointed interim manager for the final three games of last season following the sacking of Omer Riza. Cardiff drew with Oxford United and West Bromwich Albion before suffering a 4-2 defeat by Norwich City on the final day, however relegation to League One had already been confirmed at that stage. Ramsey stated his intention to continue playing, with the 2026 World Cup in North America a big driving factor behind that decision. Article continues below So he will now embark on a new chapter in his illustrious career over in Mexico City. Sign up to our daily Cardiff City newsletter here. Ramsey has 86 caps for Wales to his name and took over the national team captaincy after Gareth Bale's retirement in 2023. He was one of nine senior players to officially leave Cardiff upon the expiration of their deals on Tuesday night.
Yahoo
15-05-2025
- Entertainment
- Yahoo
The Rise of ‘Like Water for Chocolate' Producer Endemol Shine Boomdog
Interactive and sports-related unscripted shows will be trending next, predicts Alejandro Rincón, CEO of Endemol Shine Boomdog, the largest indie production company in Latin America. Several interactive shows are in the pipeline at the Mexico City-based company while a prototype for a sports-related unscripted program is the upcoming 'Copa Combate' series which Endemol Shine Boomdog is developing with La Jaula Studios. The six-episode series covers 'Copa Combate,' the apex of Mixed Martial Arts (MMA) fighting and the only one-night, eight-fighter, single-elimination tournament in the sport. In an exclusive interview with Variety, Rincón traced the rise of his company that began in his home country, Venezuela, under the name Cinema Concept, where he, armed with a degree in Social Communication and Graphic Design, started creating graphic packages for burgeoning cable companies in 1997. More from Variety Dori Media Group Launches 'Young Suchard' Series About Acclaimed Mentalist Lior Suchard at LA Screenings (EXCLUSIVE) Banijay Group in Early Talks to Buy ITV (Report) Banijay France Combines Shine Fiction and Banijay Studios France to Create Scripted Powerhouse 'We started to build a very good relationship with the cable companies – Sony, Warner, Disney, HBO – and we began creating small interstitial programs for them that involved branding, brand mentions and things like that,' he relates. When the political and economic situation grew more unstable in Venezuela and the cable companies moved out, Rincón and his founding partner Carlos Perna set up shop in Mexico City in 2007, changing the company name to Boomdog. 'That's where we started working more extensively with the cable companies, producing shows – our first formats, since we hadn't done formats before. We created a late-night show called 'Ya es mediodía en China' for Sony, 'Mexico's Next Top Model' for Sony, 'Fashion Police' for E! Entertainment and 'The Soup,' also for E! Entertainment,' he recalls. Endemol began commissioning the company to provide production services for some of its shows in Mexico, which marked the beginning of a strong and successful relationship. Over time, this collaboration evolved into a joint venture, and in 2017 – 10 years later – the company officially entered into a joint venture agreement with Endemol. The company began representing Endemol's catalog in Mexico and the U.S. Hispanic market just as networks started opening up to working with third-party companies. As the cable business declined, the company expanded into network and emerging streaming platform productions. This shift led to steady growth across new platforms. In 2020, following Banijay's acquisition of Endemol, the company became part of Banijay Group – the world's largest independent production company. 'That synergy has allowed us to grow, and to this day, we've established ourselves as the largest production company in Latin America, producing over 1,000 hours of independent content per year,' says Rincón. Endemol Shine Boomdog is behind top-rated series for Telemundo, TelevisaUnivision, Azteca, Imagen and streamers like Amazon Prime and MAX, including huge hits 'La Casa de los Famosos,' 'La Casa de los Famosos Mexico,' 'MasterChef Celebrity' and '¿Quién es la máscara?' Endemol Shine Boomdog Group is now made up of three different production companies in Mexico City: Endemol Shine Boomdog, which focuses on producing unscripted shows, scripted content label Á Fábrica Mexico & U.S. Hispanic and the unscripted label led by Marie Leguizamo, Banijay Mexico and U.S. Hispanic, which launched in 2021. As CEO of Endemol Shine Boomdog Group, Rincón oversees the three labels and sprawling post-production facility Wide Angle alongside Banijay Americas CEO Ben Samek and Laurens Drillich, president of Shine Latino. The latter was instrumental in joining Brazil's Á Fabrica with Boomdog for the new scripted label, Á Fábrica Mexico & U.S. Hispanic. 'Laurens Drillich has been a key pillar in the company's consolidation and growth. His unwavering support, deep understanding of the region and strategic vision have made a lasting impact,' says Rincón, adding: 'With previous experience in the Mexican market, Laurens brings a unique combination of local insight and global perspective, which has been instrumental in driving our business forward.' 'I knew from experience it was never going to be easy to break into the Mexican and U.S. Hispanic markets as an independent producer. We were not competing with other independent companies, like in other parts of the world. We had to change a culture. So, we really needed the right partner,' Drillich relates. 'When I first started talking with Alejandro, I realized that he had the determination, the talent and the ambition to build a big business in both Mexico and the U.S. Hispanic marketplace with us, especially since he loves TV. It makes me proud to see that all we asked for has now actually happened, with three labels across these two territories leading in the region in every way. That's in a very large part because of Alejandro,' he adds. Boomdog Studios span approximately 96,875 square feet (9,000 m²) and include two studios, each over 10,750 square feet (1,000 m²) with a height of approximately 39 feet (12 meters). In addition to this, there's a dedicated post-production facility in Huixquilucan, operating 24/7 to support continuous productions. Wide Angle opened in 2022 and operates out of an eight-story building in the tony neighborhood of Polanco. Also located in Polanco, Banijay Mexico & US Hispanic is behind such popular shows as 'LOL: Last One Laughing' (various iterations in Latam including Mexico and Colombia) and 'Temptation Island' for Amazon Prime. Leguizamo will be attending the LA Screenings. The group's permanent staff consists of 120 people, while its rotating personnel averages around 1,000 people per month. The scripted team from Endemol Shine Boomdog – behind the breakout HBO Max series 'Like Water for Chocolate,' is now in production on its second season. 'Without a doubt, it is the most important show we have produced. It has the highest budget and is the largest and most successful production we've ever done,' says Rincón. 'No other series has established the same emotional connection with the country as 'Like Water for Chocolate,'' he adds, noting that this is the last scripted program under the Endemol Shine Boomdog label as A Fábrica Mexico & U.S. Hispanic, led by Luiz Noronha (A Fábrica, Brazil) and Jerry Rodriguez (Endemol Shine Boomdog) will lead the new scripted venture and are currently assembling its first development slate. 'We're a company that strives to be as in tune with the market as possible – listening to the market, listening to our partners, connecting with them, and delivering content that makes sense for them,' Rincón stresses, adding: 'That's why we've never set goals based on hours or number of series. Our goals are creative: to find the right projects and to listen to our clients, which is a very important part of what we do.' Best of Variety New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Talk/Scripted Variety Series - The Variety Categories Are Still a Mess; Netflix, Dropout, and 'Hot Ones' Stir Up Buzz Oscars Predictions 2026: 'Sinners' Becomes Early Contender Ahead of Cannes Film Festival
Reuters
13-05-2025
- Business
- Reuters
Nutresa sells Colombian Starbucks franchise stake to Mexico's Alsea
BOGOTA, May 13 (Reuters) - Colombian processed food company Nutresa ( opens new tab said it sold its 30% stake in the country's Starbucks (SBUX.O), opens new tab franchise operator to a unit of Mexican restaurant chain Alsea ( opens new tab. In a statement on Monday night, Nutresa said it had signed a contract with Alsea unit Cafe Sirena in which it agreed "to sell all the shares in held in Estrella Andina, corresponding to 30% of outstanding shares in the company." Nutresa, which sells processed foods worldwide including coffee, pasta and cookies, did not detail the value of the deal. Neither company immediately responded to requests for more details. Nutresa had since 2013 held shares in Estrella Andina, the operator of Starbucks franchises in Colombia. As of March, Estrella Andina had 72 Starbucks stores in Colombia. Mexico City-based Alsea has long operated franchises for brands including Starbucks, Domino's Pizza and Burger King, across Latin America and Western Europe.
