|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Spainís Renowned Cava Maker Codorniu Moves Headquarters Out of Catalonia

BARCELONA Ė The company renowned for having first developed cava, Spainís renowned sparkling wine, joined on Monday an exodus of businesses that are moving headquarters out of the northeastern Catalan region following instability caused by its governmentís bid to declare independence from the rest of the country.

The board of directors of Unideco SA, a holding company of the Codorniu Raventos group that specializes in the production of wines, said it is to move its headquarters from Catalonia to Rioja, another of Spainís outstanding vine-growing regions, in the face of what it described as instability.

The group said it had taken the decision because of ďthe political and legal uncertainty in which Catalonia is plunged and with the objective of guaranteeing the interests of its workers and clients.Ē

The headquarters of Codorniu, which has for generations been located in the winemaking town of Sant Sadurni díAnoia just to the west of Barcelona, will be set up in Haro, in the province of La Rioja, the company said.

It also explained that it is to maintain its production base and principal warehouses, as well as the staff employed there, at their current locations in Catalonia.

Codorniu began studying the possibility of transferring its headquarters last week, depending on how the political scene in Catalonia evolved, it said.

Codorniu joins companies such as CaixaBank, Gas Natural Fenosa, Banco Sabadell, Agbar, Colonial, MRW, Indukern, Catalana Occidente, Derby Hotels or Dogi in moving its headquarters out of Catalonia.

Luis Suarez, Dean of the Catalan Registrarís College, explained to EFE that the relocation of offices outside the region began to pick up speed on Oct. 7, just after Banco Sabadell and Caixabank approved a change of registered offices.

The exodus of companies began in the form of a drip after a referendum that was deemed illegal by Spainís judiciary was held on Oct. 1, but it has bubbled up to include more than 580 large, medium and small business entities, according to Suarez.

The dean said there was also a slowdown in the real estate market within Catalonia.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved