La family business it is one of the most important foundations of a prosperous society. Relationship of the Family businesses most important in Spain and a brief review of them.
PuigThe Puig company was founded in 1914 by Antonio Puig Castelló in Barcelona, and is currently managed by the family. Puis is a multinational company that operates in the fashion and perfume sector. In both sectors (fashion and perfumery), the company works with such prestigious brands as Nina Ricci, Carolina Herrera or Paco Rabanne. Also in fashion is the majority shareholder of Jean Paul Gaultier.In 1914, the company began with the name of its founder, Antonio Puig SA, and since then it has always focused its business on cosmetics and perfumes. In 1922 Puig marketed Miladu, the first Spanish-made lipstick. In the 40s he began to market the Agua Lavanda Puig fragrance, one of the company's most emblematic products. In these years the company moved to the popular Barcelona neighborhood of Gràcia. In the following years, the 4 sons of the founder take the reins of the company. Antonio and Mariano focus on perfumery, José María on diversification and Enrique on institutional relations. The company began to expand internationally, creating its first delegation in the United States (1959) and later another in Paris (1968), when the Spanish designer Paco Rabanne joined the company. In 1976 the company built a factory in Chartres (France) and it was in 1987 that it definitively acquired Paco Rabanne's fashion house. One of the most important moments in the company's international expansion is the agreement reached with the fashion designer Carolina Herrera in New York (1980), to create and market all her fragrances. In 1995 Puig joined the Carolina Herrera fashion sector. In 1997 Marc Puig, grandson of the founder, is the executive president of the company and reaches an agreement with Antonio Banderas, for the creation and commercialization of the Antonio Banderas Fragrances brand. In 1998 the company acquired the Nina Ricci brand. In 1999, the Puig family re-founded the company, changing its name to Puig Beauty & Fashion Group, having the three lines of business under the same structure: fashion, cosmetics and perfumes. The company does not stop growing and expanding in the following years, one of the most relevant events being the agreement reached in 2008 with the singer Shakira for the development of a fragrance with her name. In 2009 the company goes back to its original name, incorporating new firms to its structure such as Valentino (2010) and Jean Paul Gaultier. The first brand would be taken from him in 2018 by the French company L'Oreal. While he becomes the majority shareholder of the second (Jean Paul Gaultier). The company celebrates its centenary (2014) by opening a new headquarters in the Plaza de Europa in L'Hospitalet del Llobregat, called Torre Puig. In recent years the company has opted for the growth of new brands such as Dries Van Noten, and promoted the development of Penhaligon's and L'Artisan Perfumeur. In addition, the company has completed the majority acquisition of Eric Buterbaugh Los Angeles, and has reached an agreement with Christian Louboutin to develop its beauty business. View source Date: 08-10-2021 Tags: Chemical products. |
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Summarized alphabetical list of the main surnames in Spain related to the family business, the sector and the province of origin or implantation. Some companies that these families founded are no longer active or have been sold to multinationals.
Family | Sector | Province |
Aguirre, Ear | Civil Engineering | MADRID |
Alvarez | retail trade | MADRID |
Antolin | vehicle manufacturing | BURGOS |
Antonio Asensio Pizarro | Publishing | BARCELONA |
areces | retail trade | MADRID |
Aresti Ortiz | Paper | BISCAY |
Aresti, Churruca, Marquina | Trash | BISCAY |
Aznar | common metals | BISCAY |
ballve | Food | MADRID |
Barceló | Accommodation | BALEARICS |
benzoin; aza; abaurre | Construction, Mineral Extraction | SEVILLE, MADRID |
Bank | Logistics | BISCAY |
Bertran | Civil Engineering | BARCELONA |
Bosch | Clothing and Knitwear | BARCELONA |
Booty-Sanz | Financial Services | CANTABRIA |
Booty, Munoz | common metals | CANTABRIA |
carasso | Food | BARCELONA |
Carbon; Botet; Elijah | retail trade | BARCELONA |
carula | Food | BARCELONA |
Doe, Goizueta | common metals | MADRID |
Coca | Financial Services | SALAMANCA |
Comas | Beverages | MADRID |
Commas and White | Food | MADRID |
Cordoba, Gomendio | Civil Engineering | MADRID |
Costafreda; Rivera | Food | BARCELONA |
Cros | Chemical products | BARCELONA |
Dam | Food, Drinks | BARCELONA |
Daurella | Food, Drinks | BARCELONA, MADRID |
Dexeus | Medical services | BARCELONA |
Delso; gummies | special construction | MADRID |
Echevarria | common metals | BISCAY |
Entrecanales ; Tavora | Civil Engineering | MADRID |
run away | Accommodation | BALEARICS |
Wake | retail trade | BARCELONA |
fabrics | Textile | BARCELONA |
Fernandez | retail trade | MADRID |
Fernandez Lopez | Food, Land transport | PONTEVEDRA, MADRID |
Ferrer; Living room | Beverages | BARCELONA |
Ferro; Fortune | Food | BARCELONA |
Iron-Vine | Financial Services | MADRID |
Figaredo, Garcia, Tartiere | common metals | ASTURIAS |
fluxá | Accommodation | BALEARICS |
franc | Games | MADRID |
Gandarias | common metals | BISCAY |
Gonzalez Byass | Beverages | CADIZ |
good | Security | MADRID |
Heredia, Pidal | Coal | ASTURIAS |
Hernandez Callejas | Food | MADRID |
Hidalgo | logistics and travel | BALEARICS |
lao | Recreational activities | BARCELONA |
Lara | Publishing | BARCELONA |
The worst | rubber and plastic | MADRID |
called | Civil Engineering | MADRID |
Llucia | retail trade | Teruel |
Lush | Food | MADRID |
Mahou | Beverages | MADRID |
March | Financial services and others | MADRID, BALEARIC ISLANDS |
March | Minerals | MADRID |
March (and others) | Water transportation, Financial services | MADRID |
Matute Benito del Valle | Wood | BISCAY |
Noguer-Sunol | Chemical products | BARCELONA |
Ortega | Textile and clothing | CORUNA |
Osborne | Food, Drinks | SEVILLE, CADIZ |
Paschal | Food | BURGOS |
Pidal, Riviere | common metals | ASTURIAS |
Polanco | Information and communication | MADRID |
Prieto | energy, gas | BISCAY |
Puig | Chemical products | BARCELONA |
quijano | common metals | CANTABRIA |
Rey | Construction | PONTEVEDRA |
Banks | Metals, Machinery and Vehicle Manufacturing | BISCAY |
riboud | Food | BARCELONA |
Rodrigo | Publishing | BARCELONA |
Rodríguez | Civil Engineering | MADRID |
Roig | retail trade | VALENCIA |
Reeds | Machinery | VALENCIA |
Rubiralta | rubber and plastic | BARCELONA |
Ruiz-Mateos | various sectors | MADRID |
Sanchez; Climbing | retail trade | MADRID |
Sarrio | Paper, Chemicals | NAVARRE |
Satrustegui | Coal | BARCELONA |
Mow | Leather | CASTELLON |
Sela Figaredo | Chemical products | ASTURIAS |
shekels | Chemical products | BARCELONA |
Soriano | Beverages | LLEIDA |
Torras Hostench | Chemical products | BARCELONA |
urquijo | Coal, Metals, Financial Services | BISCAY, MADRID |
Urquijo, Landecho | Aquatic transport | MADRID |
Urquijo; Figaredo; felgueros | Chemical products | MADRID |
Valls Taberner | Financial Services | MADRID |
Velasco | Metal | BISCAY |
Villar | Pharmaceuticals, Civil Engineering | MADRID |
ybarra | Financial Services | BISCAY |
Author Jesus Barrena | Articles - LinkedIn de Jesus Barrena - Twitter | |
Personal and family finance advisor. Investment advisor. Degree in law. Specialist in real estate investment. https://jesusbarrena.com/ |
Inheritance planning in the family business
To plan the inheritance of the family business, it is best to consult a trusted lawyer who is a specialist in inheritance and who also has experience in commercial law.
We have asked the Barcelona law firm, Oscáriz Abogados, what factors are the most relevant in this process and they have explained to us that there are three essential points to take into account in the inheritance planning in the family business:
- Define the family roles of all the people involved.
- Define what the business roles of family members are.
- Establish what is the desired succession planning.
Carrying out the generational transfer in a company is something inevitable but it must be approached as a strategic decision of the utmost importance. It must be designed with the necessary anticipation to avoid precipitation.
Monica Oscar It also reminds us that in a succession process it is important to clearly transmit business values, be sure that the heirs have an entrepreneurial spirit and set the company's goals so that there is a commitment to them.
Eleven Spanish family businesses among the 500 largest in the world.
According to the Family Business Index 2023, prepared by the consulting firm Ernst & Young and the University of St. Gallen, there are eleven Spanish family businesses among the 500 largest in the world, among them El Corte Inglés, Mercadona and Inditex are among the 120 best.
According to the report, large family businesses resist crisis situations better and even offer growth rates that double the average for all companies.
It seems that the "effect family business» It has an impact on the stability necessary to achieve a climate of innovation and adaptation to new environmental and cultural realities that allows them to obtain better results and growth than other types of companies.
The continuity in the management and transmission of property between generations of the same family also finds tax advantages in inheritance tax and wealth tax.