Bacardi Limited is headquartered in Hamilton, Bermuda, and has a 16-member board of directors led by the original founder's great-great grandson, Facundo L. Bacard. Luis lived in 1920, at address, New York. SHANKEN: I understand. USA. The best and brightest of the family often went to work in quality control, ensuring that a uniform product was sold no matter which of Bacardi's 13 distilleries produced it. The palm tree in the front yard was planted by fourteen-year-old Facundo Bacardi, Jr., the son of the company founder . They had one daughter: Olivia Bacardi. This canny sense of thinking big and thinking ahead allows us to thrive in the face of adversity. The Bacardi family agitated in the 1880's and 1890's for Cuban . And, he said, the board of directors had examined several investment options before choosing the privatization plan as the best direction for the company. Unlike the earlier plan, there was nothing voluntary about this one. And the Bacardis, nearly all of whom had fled the country, went to courts worldwide to prevent the Cuban company from exporting rum labeled Bacardi. Every country does things at its own pace, and Cuba is no different. Historical Person Search Search Search Results Results Facundo Bacard y Mass (1813 - 1886) Try FREE for 14 days Try FREE for 14 days. Thanks to his generous hospitality, he helps to make sure the Bacard name becomes synonymous not only with integrity as a rum but a generous love for life. Eventually, they realized they werent going back any time soon. I see that the Cuban people are honest and hard-working. The Bacardi story starts long before they ever produced a drop of rum. wife Laura Bacard y Gaillard daughter Private child Facundo Ernesto Bacard y Gaillard son Luis J. Bacardi son Private child Facundo Bacardi father Lucia "Amalia" Victoria Moreau y. mother The other three rums are also much-loved the more robust and flavourful ones known as BACARD Carta Oro Rum, BACARD Aejo Rum, and the family reserve Reserva de la familia, now known as BACARD Grand Reserva 8 Aos Rum. We are making investments for the long-term. Those claims have to be worked out before anybody goes in there and starts buying land. A New York City bottling operation is opened just before Prohibition in 1916 to keep up with the growing demand for BACARD Rum in the United States. In Bermuda, Bacardi International Ltd. oversaw production for the non-U.S. market, operating subsidiaries in Canada, Brazil, Trinidad, Panama and Martinique. Masso emigrated to Cuba in 1830 and set up shop. "There is nothing beyond that to be said," he added. The society is slowly opening up a bit, and there are reforms. Even though the shares had been offered for years on the over-the-counter market, they never really caught fire with general investors. "Sometimes taking a company private is a prelude either to restructuring the company, selling assets or selling out," he said. Rum pioneer Bacard is at the forefront of a spirited new trend: luxury aged blends that take sipping to new heights. So we ended up with a different approach to managing a family business. . Meanwhile, other Bacardis around the world were expressing opposition to the privatization plan -- and, in some cases, paying a price for it. Anti Slavery and Human Trafficking Statement. Cuba is a small country, and there was this diaspora of Cubans that left, including my family. Originally known for its eponymous Bacardi white rum, it now has a portfolio of more than 200 brands and labels. What would be the motive?BACARDI: Its because there really are no basic freedoms in Cuba. We dont sit around and say that our opportunities have been exhausted. With more than a century of philanthropy, most notably through the work of Emilio Bacard and the women of our second, third and fourth generations, this remains intrinsic to our identity as a family business. He spoke with Reuters to share some of the life lessons he has learned from his family - and the family business - over the years. Casa Bacard Puetro Rico Cathedral of Rum, CHAPTER 5: THE TRUE MEANING OF THE FAMILY. Biography [ edit] Bacard was born in Sitges ( province of Barcelona, Spain ), son of a bricklayer. Write by: . Sometimes we make investment decisions where we wont see a return for five, 10 or 15 years down the road. Or purchase a subscription for unlimited access to real news you can count on. From the 1950s through the mid-1970s, the empire was unified under Jose (Pepin) Bosch, who had married Don Facundo's granddaughter. ", "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. Affectionately known as El Coco, the palm became a symbol to the Bacard family and company. His family grew with the births of Emilio, Facundo Junior, Juan and Maria. A bitter feud over the direction of the empire they consider their heritage has split the family's hundreds of members into two factions. Save to an Ancestry Tree, a virtual cemetery, your clipboard for . Those family members view the company as something that my great-great grandfather and his descendants have devoted their lives to building. And it has shattered a century-old Bacardi tradition of loyalty to the family, the business and the product. He also asked del Valle to briefly delay announcement of his departure, so that he could attend the company Christmas party the next day, then leave on a planned vacation. Luis Bacardi Luis Bacardi was born at birth place, to Luis Bacardi and Hilda Bacardi. Emory University School of Law. Facundo L. Bacardi spoke to us while on vacation, from an undisclosed location. They would start at low positions, as sales personnel, accounting clerks, assistant rum makers or roustabouts rolling oaken barrels of rum. Facundo Bacard Moreau (son of Don Facundo) plants a coconut palm at the front of the new distillery. Facundo L. Bacardi with Nun Eating an Apple, 1981 by Fernando Botero "Growing up, people said [to me] 'Why don't you guys release some of the rums your family drinks?'" says Facundo. You, Doa Amalia, soon discover them, and rather than getting rid of them, you invite them to stay. There are more pictures of Coke products in Bacardi's annual report than there are of rum. Brother of Maria Manuela Bacardi y Maso; Maria Bacardi y Masso; Juan BACARDI y Maso; Marina BACARDI Maso; Joan Bacardi y Masso and 3 others; Magin Bacardi y Maso; Joseph Bacardi y Masso and Lazaro Bacardi y Maso' less, https://en.wikipedia.org/wiki/Facundo_Bacardi. We take a completely different approach. Big Smoke Meets WhiskyFest: Tickets Available. Facundo L. Bacardi has been Chairman of the Board of Bacardi Limited since 2005 and a director since 1993. bacardi family tree. in a tiny dirt-floored distillery in Santiago de Cuba by Facundo Bacardi Mass, the Spanish-born son . Perhaps, say the Bacardis, there are just too many relatives now, too many descendants of Don Facundo for all to be able to rise within the empire without family strife. When the reporter suggested flying to tbe Bahamas and speaking to him in person, Cutillas said he could not schedule an interview on the day proposed. Previous Next. The family name and the Bacardi trademark, in fact, have blended together in the minds of many family members. Evolution of the BACARD Bat Device from its first known variation in the 1890s through our present-day bat device. 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. During the interview, Adolfo Comas Bacardi pulled from his desk a newspaper article about the Bingham family of Kentucky, whose battle over the Louisville Courier-Journal was so divisive the paper and other properties eventually were sold. This relationship is not possible based . The $25 million Coral Gables estate Douglas Elliman Hilda Maria Bacardi, a relative of Bacardi founder Don Facundo Bacard Mass, spent eight years meticulously choosing every detail of her. But the companies remained the lifeblood of the family, the beacon unifying the evermore scattered relatives. They dont see Bacardi as a company where they simply own shares and follow stock quotes. SHANKEN: Have you or your family ever considered selling out?BACARDI: Never. In the company announcement, he said, "we were not trying to create any particular impression. Instead, Alfred P. O'Hara, a lawyer from the company's New York firm, was brought in. The proxy statements were duly mailed to shareholders. "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. 1950s: Daniel Bacardi (center) showing visitors the original Bacardi alembic from 1862. Welcome to the Bacardi Family page at Surname Finder, a service of Genealogy Today. Please enable JavaScript in your browser's settings to use this part of Geni. Start Family Tree; Research 11103 Sw 79th Ave, Pinecrest, FL, We're 100% Free! State. Everybody says that on the day that Fidel Castro passes away, America will act. CATANO, PUERTO RICO -- War is brewing in the proud Bacardi family, which for 125 years has distilled nothing more potent than its famous rum. NEW YORK, March 28 (Reuters) - Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio . In his wide-ranging interview with Marvin R. Shanken, the chairman of M. Shanken Communications, and the editor and publisher of Cigar Aficionado, Bacardi talked about his companys role in the global spirits business; the companys major brands include Grey Goose, Dewars, Bombay Sapphire and Bacardi rums. In 1862, Don Facundo Bacard Mass, set out to create a rum like no other. He is said to favor the privatization plan. The dissidents say they have only about 15 percent of Bacardi Corp.'s shares on their side, so on a straight vote they would lose. The FACUNDO Rum Collection is the first-ever collection of four aged sipping rums taken from the Bacardi family's. For the Spanish, theyre thought to bring good health, fortune and family unity. The phenomenal success of the firm -- three of every four bottles of rum sold in the United States and perhaps one of every two in the world bear the Bacardi name -- ensured that family stock in the network of companies would keep the Bacardis very comfortable. Son of Facundo Bacardi and Amalia Lucia Victoria Moreau y Grandchamp Our Global Leadership Team walks in the footsteps of our founders and continues their legacy. Your flagship Bacardi brand was founded and built in Cuba. Don Facundo Bacardi Masso was born on October 14th, 1814 in Barcelona, Spain as the son of a bricklayer. BACARDI: One of the six is for the CEO and the other five are professionals not affiliated with the Bacardi family. Cuban society would prosper, and that would be good for the Cuban people. This is the beginning of our familys chapter as a truly global, family business. When youre a family member and the CEOin charge of the day-to-day operations of a company like oursyou function in a very different way from that of a non-family chief executive. Were on the record. There is a mistake someplace, or a secret. SHANKEN: Have you been to Cuba?BACARDI: I have never been to Cuba. SHANKEN: I have been to Cuba a number of times. Coke products also are distributed in Puerto Rico by Bacardi's distribution arm. Imagine now youre Doa Amalia, our leading lady. Officials of Hiram Walker's parent company in Canada could not be reached for comment. Up until this point, he was not an expert in spirits he was self-taught and learnt as he went making his achievements all the more impressive. 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. It is unclear what will happen at the meeting Thursday. Its something beyond that, and something far bigger than any one family member. Changes are occurring in Cuba. In only two ways did they have to follow the Bacardi line: in the quality of the product and the integrity of the trademark. Today, with over 900 awards for technical innovation, taste and product quality, BACARD Rum is the worlds most awarded rum. 4. Facundo Bacardi Mass, of Cuba Facundo Bacardi Mass, (Sitges, Barcelona, 1814 - Cuba, May 9, 1886) was a Catalan businessman. See here for a complete list of exchanges and delays. "Most of them have so much money, they just go from Monaco to Bermuda to Nassau," said one family dissident. Why doesnt the Bacardi family undertake a public campaign to draw public attention to this injustice and get this embargo over, so the people in Cuba can regain the freedom they had and the hope for prosperity in the future? But in other societies, they dont necessarily believe the American way of doing things fits their culture. The family members at the helm were always very goodmaking everyone understand they were working for the Bacardi family. Ms. Bacardi, 49, purchased the property in 1994 for $3.9 million, according to property records. In Cuba, once its completely open, Id like to help renovate some of the existing older buildings. Over the years, the Bacardi rum company and the Bacardi family expanded. Bermuda-based Bacardi, the world's biggest privately owned spirits company, owns more than 200 booze brands, including Grey Goose Vodka and Patron Tequila. Most of the interview was for publication in Impact, a wine and spirits newsletter, and focused heavily on the companys $5 billion business. Instead of buying back shares, they proposed a reverse stock split: Every 1,000 old shares would be converted to one new share. In 1910, Bacardi becomes Cubas first multinational company by opening operations in Barcelona where BACARD rum is bottled outside Cuba for the first time. When I got to my teens, I started thinking, Boy, I'd really love to be a baseball player.. SHANKEN: Could you tell me a little about some of the independent directors who serve on your board and their backgrounds?BACARDI: Sure. Executives of Bacardi Corp., the company to be privatized, either declined to comment for this story or said the privatization would lead to no significant changes in the operation of the company. When I was young, I wanted to be a lawyer, he said. 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.". We collect and match historical records that Ancestry users have contributed to their family trees to create each person's profile. Once production is underway, and the sweet smell of the open fermentation of molasses starts wafting through the tropical air, a colony of fruit bats is attracted by the smell and decides to make the distillery their home. When we look at Cuba, to us its really not a commercial endeavor. We've had an amazing arrary of covers during our 30-year history. Not with us. 133 Sevilla Avenue. After an eight-year renovation was completed in 2016, the property was expanded into a 12-bedroom . Bacardi Limited (English: /bkrdi/; Catalan: [b%C9%99k%C9%99%C9%BE%CB%88%C3%B0i]; Spanish: [bakar%CB%88%C3%B0i]%29 is the largest privately held, family-owned spirits company in the world. Built into world's most popular liquor brand. The question is, will Raul go all the way, or not? Our hero and heroines charming grandson, Facundito Bacard Gaillard is now a master blender, (Maestro de Ron BACARD), and what a time it is to be alive: the Golden Age of cocktails has begun! Bacardi is now the biggest international spirit brand, sold in more than 170 countries and the company, which is still controlled by the Bacardi family, is the fifth largest liquor company in the world. Bacardi declined to comment. Don Facundo Bacard Masso ( Catalan: Facund Bacard i Mass, IPA: [fkund bki j mso]; 14 October 1814 - 9 May 1886) was a Spanish businessman who, in 1862, founded the eponymous Bacardi rum distillery. You want to give, you want to help your fellow Cubans rebuild society and provide opportunities to them. Fun fact: Today, every Bacardi office around the world has a palm tree either outside or inside the building, as a symbol of good luck! Luis married first name Bacardi. In that year, we reorganized under a Bermuda-based holding company structure. Luis Adalberto Facundo GOMEZ del CAMPO Bacardi family tree Parents Jose Adalberto Gomez Del Campo 1893 - 2012 February 27, 2023 equitable estoppel california No Comments . The return that resonates most is the idea of handing off Bacardi in a far better position than when we received it. This is our story: over 150 years of never giving up. The Bacardi family fled Cuba in the wake of Fidel Castros revolution in 1959, after its distilleries and assets were seized by the new government. But, according to Bacardi family sources, Alberto had suggested some cost controls and audit procedures for the company that were not appreciated by the parent company's management. Facundo M. Bacard Y Moreau in MyHeritage family trees (Sanchez Web Site) view all 19 Immediate Family Mara Ernestina Gaillard y Darr. CHAPTER 6: OVER 150 YEARS OF BRINGING PEOPLE TOGETHER Here, Adolfo said, the circumstances are different. Its the year 1862. . The history of a family and its Cuban-born, Puerto Rico-based, now worldwide liquor giant. Bacardi was awarded its first medal in 1877 in Madrid and in its first seventy years amassed a further 29 awards, ten of which appear on the label. Luis Facundo Bacardi Luis Facundo Bacardi was born to Luis Juan Bacardi and Hilda Bacardi. Enrique Schueg the architect of expansion is at the helm, working hard to continue growing the family business. In addition, del Valle pointed out in the interview, so few shares had been traded that "the purpose of making it a real public company from the point of view of trading and value of the stock never really materialized." In 1936, the firm moved its principal distilling operation to Puerto Rico. (Editing by Beth Pinsker and Dan Grebler), https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Its doing things at its own pace. Now, to all of a sudden say goodbye, it's just shattering our lives. A limited release from the Bacardi Family Rum Reserves, it is the only rum in the Facundo Collection that is blended before aging in white oak barrels. O'Hara had handled the lawsuits against the Cuban rum exports, but was seen at the time, dissidents say, essentially as a caretaker until a family member could take over. Bermuda-based Bacardi LTD declined to comment on the issue. That connotes a certain uniqueness.BACARDI: No, thats not true. We were trying to stick to the facts.". Connect to the World Family Tree to find out, Juan Bacardi Y Cabot, Maria Bacard Y Cabot (born Masso), Amalia Lucia Victoria Bacard Y Mass (born Moreau Y Grandchamp), Emilio Bacard Moreau, Facundo Miguel Bacardi Moreau, Jos Bacard Moreau, Amalia Schueg Y Chassin (born Bacard Y Moreau), Juan Bacardi, Maria Bacard Cabot (born Masso), Amalia Lucia Victoria Bacard Y Mass (Maz) (born Moreau Y Grandchamp), Emilio Bacardi, Facundo Miguel Bacardi Moreau, Jos Bacard Moreau, Amalia Schueg Y Chassin (born Bacardi Moreau), Mar 9 1886 - Santiago de Cuba, Oriente, Cuba, Joan Josep Antonio Bacardi i Tud, Marina Bacardi i Tud (born Mas i Mas), Amalia Lucia Victoria Bacard i Mas (born Moreau y Grandchamp). From Cuba, we went to exile, it was not a good life, no money, no family, no nothing. SHANKEN: How about when talking at the bar, after the meeting?BACARDI: Never. "I don't see this as a war or a battle. The opinions expressed are her own.). In 1986, Bacardi Corp. earned $44 million on sales of $234 million. 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. 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. SHANKEN: The board members who arent family membersdo they turn over every two or three years, or do they stay on the board for a long time?BACARDI: They typically remain on the board a while. 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. He never settled, always looking for ways to improve his product. For readers interested in a historic document filled with insights into Cuba and the Cuban Revolution, read the interview here.

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