Mexico is a great example of a country where the family business model is flourishing.
This insight into the family business model reiterates that it is trust and the fact that family is in the blood that engenders trust in the family unit that supports the real proliferation of family firms in South and Latin America.
Family is the one constant in an ever-changing world that is at the core of Mexico's successful family firms.
“YOU trust your blood, and that's it,” is one Mexican's summary of the advantages of family-owned businesses. But then his blood has served him well. Gregorio Chedraui happens to be a scion of one of the country's most successful business families. Originally migrants from Lebanon at the turn of the last century, the Chedrauis possess a portfolio of interests ranging from retailing to road haulage.