Lorenzo Servitje, the public accountant who founded the world’s largest bakery, dies at 98

Lorenzo Servitje, the co-founder of Grupo Bimbo, one of Mexico’s largest multinationals, has died at the age of 98 in Mexico City. Born in 1918 to Catalan parents, Lorenzo graduated as a Public Accountant from the National Autonomous University of Mexico, UNAM, in the forties. He first worked in the baking industry at El Molino, and would later found his own bakery called El Molino. Through his leadership he made El Molino one of Mexico City’s most famous bakeries. In 1945, after marrying Carmen Montull the year before, and with the help of his uncle Jaime Sendra and father-in-law, he founded Panificadora Bimbo. The company began with 34 employees and sold four products. Today, Grupo Bimbo employs nearly 129,000 people […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]