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The Brescia, with almost 40 companies in the following sectors: financial, mining, fishing, industrial, real estate and services, today it is the most  important (local) economic group in Peru.

The decade of the 90 meant for the group the consolidation of its businesses in mining, especially in Minsur. In 1995 the group returned to the financial sector to be the protagonist with the purchase of the Continental Bank, today its financial arm, showing that the Brescia were not reluctant to  establish alliances with foreign groups, in this case, the Banco Bilbao Vizcaya (soon the BBVA). The friendship that Pedro Brescia Caffetara  joined in Europe (usually spends at least three months of the year in the Old Continent) with Emilio Ybarra, at that moment, president of the Spanish group, help a lot. Moreover; the executives of the BBVA that visits Peru with certain assiduity stayed at the Brescia’s house.

Today, in the 2006, the group prepares itself for not few challenges. Perhaps the most well-known are two. First, the purchase of Sipesa Group, the first fishery of Peru, to Isaac Galsky, in a transaction that would surpass the USS100 million (without considering liabilities) and after the fusion with Tecnológica de Alimentos would give rise to the  larger  company  of flour and fish oil.

The second project is the construction of the Hotel Libertador Lima, five stars (designed by the architect Bernardo Fort Brescia) of 40 floors, 300 rooms and a convention center for 2,500 people, it will demands an investment of USS30 million,  it will build  in the heart of the financial center of Lima.

The group is developing a second commercial project in the Molina, in the crossing of the avenues the Molina and Javier Prado, after its successful incursion in the sector of Shopping centers (constructions) with the Molina Plaza. The group also wants to establish a network of massive distribution to assure the growth of its pisco, Viñas de Oro. The group also has a project of  USS300 millions for the construction of a chemical plant (ammonium nitrate), a petrochemical project today more feasible with the gas of Camisea.

But, what has made possible this wide development? The generational change and a greater structure to the interior of the group, and the consolidation of an organizational culture with deeply rooted values. These three aspects it has much to do the work that has been made in last the two decades Administration of Companies (AESA).

Although, one is a dedicated company to offer administrative support to other companies, his roll goes much more there. Directed by the administrator of companies Edgardo Arboccó, AESA is the one in charge to take and to supervise the march of the strategic decisions within the group. His directory is formed by an independent group of executives (integrated by Arboccó, Luis Felipe Fort, Arturo Kamiya and Carlos Winder) that advises to the Brescia in the heat of: to the second generation, formed by Pedro, Mario, Ana Maria and Rosa Brescia Cafferata, and to third, formed by Fortunato, Mario and Pedro Brescia Moreyra (children of Mario Brescia Cafferata), as well as to Álex Fort Brescia (son of Rose and the deceased Paul Fort Magot, that got to be president of the National Society of Pesquería).

AESA handles portafolio of investments of the group and it is in charge to solve the legal and financial subjects. For example, she is the one that is making ' due diligencé (audit) of the Sipesa Group, with a view to his purchase; and she was the one that developed to the commercial project Molina Seat. Also, she is the one in charge to determine the destiny of the cash flow that generates the companies of the group.
Monitorea AESA the march of each business of the group and is the one that establishes its goals of long term. The pursuit that does considers box flows, yield on the patrimony, participation of market and perceptions on watch or the prestige of each one of them.

Finally, AESA is where the Brescia has found the best way to harden a soldier to fire to the executive talent that they recruit and that, little by little, breaks through with their new projects.

But mainly, AESA is the one in charge of inculcar the values of the organization between their managemental pictures. Values that, according to own the Brescia, have had narrow relation with their success.
What type of values one is? First it has narrow relation with his way to work. "the Brescia gentlemen are very workers and hope the same of those who work with them", he referred a tie executive to the group and that he preferred not to be identified. And it is that, in spite of his age (Pedro and Mario Brescia Cafferata frisan the 80 years), they continue attending all the directories of his companies. "it is not easy to follow his rate. They want to be witnesses that the things walk ", alludes to the executive consulted to the narrow supervision who grant to their companies. He is more, assures that, when makes business trips, they prefer to do them during the last days of the workable week. "That way they can continue working Saturday and Sunday".

But also this style includes much austerity and a quite cautious policy of investments, cradle in the care extreme of its patrimony, looking for the best moment to come off itself him (something who rarely occurs). For that reason it is that they prefer to acquire businesses in march to found them. And for that reason it is that they grant a supreme importance to him to the real estate business. "the Earth is the base, began everything", affirms the source there. Of there the myth of which they have more than 1,000 properties, something that the executives that Día_1 consulted assure that he stays in the myth category.
What it is not a myth is its capacity to recognize the best moment to give a use different from its properties or to come off itself them. When stock-market of Values of Lima threatened at the beginning of the 90 changing of seat, the Brescia decided to sell to a price of "gangue" the building to him where this operates until today. Why? Because with it the Brescia did not lose the rents of other near properties and where they operated the Societies Stockbrokers and other professionals of the market of values.

A third value (or disadvantage, as it wants that it is watched to him) is to work single. One is not which they do not feel like integrated the enterprise community, but prefer to make the things to his style and with its own people. Thus, the Brescia would be very far from thinking that they need a partner to manage the new Liberating hotel of Lima.

Finally, something that the group characterizes is, in spite of the size of its investments, the surprising low profile which they show, from always. Perhaps for that reason, we recognize some executives of the group, "needs a little promotion to everything what we do". But that, to the Brescia family is not something that clears the dream to him.

But, towards where walks the group? Because Pedro and Mario Brescia Cafferata already are leaving into the hands of their children and nephews, the third generation, the reins of its main businesses, in special, Pedro Brescia, that is seen like the leader of the family.

Who is outlined like its possible successor? Apparently, Alex Fort, its nephew and one of the executives of the exposed family more to mass media, would be one of the candidates. Nevertheless, sources of the group assure that it "is plus a journalistic hypothesis". It because this roll also could fall to Fortunato Brescia Moreyra, today seeing close by the businesses of the group in mining and agroindustria. "Alex is the visionary of the group, Fortunato is more analytical", honor the executives who we consulted about this. Nevertheless, it is the one who will be the successor of Pedro Brescia Cafferata like leader of the group, most probable is than as it today happens the great decisions of the group, they indicate own the Brescia, they are continued taking from colegiada way.

In fact, the second generation of the Brescia has taken care in hardening a soldier to fire to third in all its businesses in which they participate. In addition, they have been in charge to put them to work next to collaborators who have worked with them during long time, so that they become its tutors. It is of Humberto Speziani of the Technological man and adviser, the case presidency of Foods that worked with the Brescia before their fisheries were expropiadas by the Military Government.

The third generation of the Brescia would be the one that could take to the group to obtain one of his more expensive yearnings: to turn to each one of its companies the forced reference of its sector and, of some way, to prepare themselves for its internationalization, something that today is not in its immediate plans. And it is that the Brescia would feel that still they must continue betting his cards within Peru. Until when? That is an answer that, at the moment, single they have. And it is that that is part also of the Brescia style: they do not feel that they are in race against anybody.

El Grupo Brescia, Christian Navarro R. Retrieved from

Original Version in Spanish.





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