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Inditex
Zara billionaire grabs chance to buy up discounted real estate
...Only a portion is channelled to Ortega and his immediate family, including Marta Ortega, Inditex’s non-executive chair since 2022 and Ortega’s only daughter from his second marriage....
January 18, 2024
HTSIThe top 12 HTSI stories of 2023
The Zara woman: an exclusive interview with Marta Ortega Pérez
...Marta Ortega Pérez’s path was mapped a long, long time ago....
March 29, 2023
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Unilever PLC
Unilever sells slow-growing brands like Q-tips to private equity group
...Unilever reportedly tried to sell Elida when the brands were isolated from the rest of the portfolio in 2021, but the deal fell through....
December 18, 2023
News updates from December 18: Apple halts US Watch sales, US boosts Red Sea shipping security
Unilever sells slow-growing brands to private equity group Yellow Wood
...Offloading the brands, which were grouped together under the name Elida beauty in 2021, is part of the consumer goods giant’s strategy to slim down its portfolio and focus on its highest-performing brands...
December 18, 2023
Israel-Hamas war
Nicaragua takes Germany to court over ‘facilitating genocide’ in Gaza
...The regime of president Daniel Ortega was accused in February by a UN-appointed body of experts of “systemic” politically driven human rights violations that were “tantamount to crimes against humanity”....
April 8, 2024
LexInditex
Inditex: Marta’s charter is to grow like it is going out of fashion Premium content
...One year into the job, chair Marta Ortega is defying governance fundamentalists who doubt the capabilities of second-generation dynasts....
June 7, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Haleon
Haleon sells ChapStick lip balm brand for $430mn
...It acquired footcare brand Scholl from Reckitt and most recently, Unilever’s Elida Beauty portfolio. Its acquisition of ChapStick is the group’s fifth corporate carve-out transaction in four years....
January 25, 2024
Watches & Jewellery
Historic watchmakers return for LVMH fair
...Guadalupe adds that, for Hublot, watch shows have evolved from being almost entirely B2B events to more skewed towards consumers....
January 26, 2024
News in-depthNicaragua
Nicaragua cracks down on Catholic Church
...Ortega and Murillo have routinely condemned bishops as “terrorists” and “coup mongers”....
December 25, 2022
Michael Stott
In power but not in agreement: Latin America’s quarrelling left
...He has publicly attacked Nicaragua’s “family dictatorship” led by Sandinista revolutionary Daniel Ortega and his vice-president wife Rosario Murillo....
April 6, 2023
LexInditex
Inditex/Marta Ortega: inflation gives dynast a baptism of fire Premium content
...Marta Ortega, daughter of founder Amancio Ortega, took over as chair in April, albeit after a long apprenticeship. Chief executive Óscar García Maceiras became chief executive a few months earlier....
September 14, 2022
Due Diligence
Backgammon, wine and AI: DD’s dispatch from Davos Premium content
...All of them generate rental income for Pontegadea — which is yet more cash for Ortega to invest....
January 19, 2024
HTSI
Meet the super-facialists
...And Rivas is gutsy and practised enough to perform a three-way exfoliation in a single appointment – mechanical, enzyme and acid – which means the utmost radiance....
November 21, 2023
Mexico
Mexico rescues 32 migrants kidnapped near US border
...Guadalupe Correa Cabrera, professor of politics and government at George Mason University in the US, questioned the government’s strategy after the migrants were rescued. “Were there arrests?...
January 4, 2024
HTSI
What’s ticking at LVMH Watch Week?
...Hublot continues to break the mould Hublot, of course, continues to be led by Ricardo Guadalupe, who believes that he has the highlight of the event with the MP-10....
January 29, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Mexico
The city where Mexico’s nearshoring hype is becoming reality
...“When all these are up and running, the number will explode,” Rivas said of exports....
November 27, 2023
FT SeriesBest books of the year 2022
Best books of 2022: Fiction in translation
...Still Bornby Guadalupe Nettel, translated by Rosalind Harvey, Fitzcarraldo Editions £12.99 When they first meet, Laura and Alina bond over their shared conviction of not wanting children of their own....
November 25, 2022
Art Basel Miami Beach 2023
Collector Estrellita B Brodsky: ‘They discounted any subject that had to do with Latin American art’
...Estrellita B Brodsky takes part in Art Basel Conversations with artist Guadalupe Maravilla on December 7, artbasel.com...
November 24, 2023
News in-depthInvestment Banking
Wall Street bankers hope for dealmaking rebound after boom and bust
...“Sponsors have been a little quieter recently because of the macro uncertainty but they’ll come back,” Rivas said....
October 2, 2023
Disrupted Times
French start-up Mistral looks set to challenge AI frontrunners Google and OpenAI
...Zara’s billionaire founder Amancio Ortega is seizing on the commercial property downturn as a chance to buy assets on the cheap as high borrowing costs hand the advantage to debt-free investors....
January 19, 2024
Menswear
The soft power of the blouson jacket
...When I want to go out for Sunday lunch at Riva, I will wear my pleated pants and matching blousons with handmade buttonholes and tailored detailing — it feels elevated but not too formal.”...
December 26, 2023
News in-depthEl Salvador
The ‘cult’ of Bukele: El Salvador’s bitcoin-loving strongman heads for second term
...the mirror and see Nicaragua, and there are signs that we could go that way,” said Omar Serrano, director of social outreach at the Universidad Centroamericana, referring to strongman president Daniel Ortega...
February 2, 2024
FT MagazineJancis Robinson
Letter from Mexico: a five-hour wine tasting full of surprises
...Its dominant wine region, Valle de Guadalupe in Baja California in the far north-west of the country, is running out of water....
May 13, 2023
Live news updates from February 9: Peltz ends Disney proxy fight, Adidas faces potential €700mn loss
Nicaragua releases 200 political prisoners to US
...Among the 222 people freed were political and business leaders, journalists and students who spoke out against Nicaraguan president Daniel Ortega’s regime....
February 9, 2023
War in Ukraine
EU and Latin America fail to agree stance on Ukraine war
...But Nicaragua, whose president Daniel Ortega is an ally of Vladimir Putin, was the sole holdout on a text approved by 59 other nations that expressed “deep concern on the ongoing war against Ukraine”....
July 18, 2023

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