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A middle-class family from Spain came to my country, the Dominican Republic, in 1921 with the dream of building a business.
In 1930, they lost everything to the deadliest hurricane to ever hit the island.
Today, they're worth $1.2B.
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In 1930, they lost everything to the deadliest hurricane to ever hit the island.
Today, they're worth $1.2B.
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In 1921, the Corripio family came with $3000 Dominican pesos.
That’s equivalent to US$40,000 adjusted for inflation.
Things were going well for them.
Until the San Zenon Hurricane hit the island destroying their business in 1930.
That’s equivalent to US$40,000 adjusted for inflation.
Things were going well for them.
Until the San Zenon Hurricane hit the island destroying their business in 1930.
The following year, the youngest of the family, Manuel, went back to Spain.
Things went dark in Spain due to the Spanish Civil War.
So he came back to the DR with his wife and son José Corripio.
And decided to stay here.
Things went dark in Spain due to the Spanish Civil War.
So he came back to the DR with his wife and son José Corripio.
And decided to stay here.
According to Manuel’s son, José, the family enterprise was developed from years of intense work.
The entire family worked from 6:00 am and ended at midnight.
They worked for decades to grow their business.
The entire family worked from 6:00 am and ended at midnight.
They worked for decades to grow their business.
Sidenote: Here's a portrait of José Corripio and his wife, Ana María, painted by Julio Llort who happens to be the dad of my aunt's husband.
In 1961, After the fall of Trujillo, one of the bloodiest dictators of Latin America, they capitalized on the opening of the country's domestic.
Even though the turmoil and uncertainty caused other businesses to flee.
They pushed the pedal down and double their efforts.
Even though the turmoil and uncertainty caused other businesses to flee.
They pushed the pedal down and double their efforts.
In 1980, José Corripio was kidnapped.
He was kept inside a water tank for days.
Somehow, he was able to free himself.
There’s not a lot of details about this indecent. And José doesn't talk about it.
He was kept inside a water tank for days.
Somehow, he was able to free himself.
There’s not a lot of details about this indecent. And José doesn't talk about it.
By the year 2000, the Corripio Group was employing 7000 people.
Today, they have a workforce of over 12K people.
Today, they have a workforce of over 12K people.
They invested/import big-named franchises like:
→ Burger King
→ Papa John’s
→ Quaker
→ Kellogs
→ Keebler
→ Gatorade
→ Duracell
→ Charmin
→ Campbell
→ Pampers
→ Tropicana
→ 20+ products
→ Burger King
→ Papa John’s
→ Quaker
→ Kellogs
→ Keebler
→ Gatorade
→ Duracell
→ Charmin
→ Campbell
→ Pampers
→ Tropicana
→ 20+ products
They own:
→ The largest home appliances store on the island
→ 2 newspapers
→ 3 TV channels
→ 4 paint manufactures
→ 1 print shop
→ 1 Tomato paste producer
→ 10+ other businesses in different industries
→ The largest home appliances store on the island
→ 2 newspapers
→ 3 TV channels
→ 4 paint manufactures
→ 1 print shop
→ 1 Tomato paste producer
→ 10+ other businesses in different industries
Corripio's philosophy could be summarized in:
"Our strategy was a constant process of slow and unspectacular growth year by year."
"Our strategy was a constant process of slow and unspectacular growth year by year."
Today, the Corripio Group is managed by Jose Corripio and his son Manuel and José Alfredo, and daughters Lucía and Ana.
Their business is localized mainly in the Dominican Republic, Central America, and the Caribbean.
Their business is localized mainly in the Dominican Republic, Central America, and the Caribbean.
Today, the Corripio Group is managed by José Corripio who is 86 years old.
(shameless photo of me alongside Corripio)
(shameless photo of me alongside Corripio)
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