There are those who sail or fly in from as far away as New York, France and Spain just to be a guest at the parties, but the hospitality extends to everyone in the community. Initially, the board of directors wanted to go private by buying back stock held by the public. As management calculated it, the reverse split would pare the list of roughly 750 stockholders to fewer than 300. Keep supporting great journalism by turning off your ad blocker. Facundo L. Bacardi is chair of the board of Bacardi Ltd., the third-largest global distilled spirits company, headquartered in Hamilton, Bermuda. is anything else your are looking? Instead of buying back shares, they proposed a reverse stock split: Every 1,000 old shares would be converted to one new share. Coral Gables, Florida 33134. Today, the facility in Catao, Puerto Rico, remains the largest premium rum distillery in the world. Here are 10 of our favorites. With more than a century of philanthropy, most notably through the work of Emilio Bacard and the women of our second, third and fourth generations, this remains intrinsic to our identity as a family business. That was the beginning of a long transition away from simply being a family-run company. In 2005, we moved to split the CEO and chairman titles. In 1830, Don Facundo Bacardi Masso and his family emigrated from Spain to Cuba and entered into the spirits trade. SHANKEN: Could you tell me a little about some of the independent directors who serve on your board and their backgrounds?BACARDI: Sure. "I have absolutely no comment to make," Cutillas said. As the ax was falling around the world, the directors of Bacardi Corp. were developing another plan to take the corporation private. In 2012, in honor of our 150th Anniversary, a new coconut palm tree will be planted at the BACARDI distillery in . Cuba is a small country, and there was this diaspora of Cubans that left, including my family. Wine merchant Don Facundo Bacardi distilled "civilized rum," founded Bacardi 1862. State. Facundo Luis Bacardi Facundo I Bacardi: Addresses: 12050 Moss Ranch Rd, Pinecrest, FL 33156 11103 SW 79th Ave, Pinecrest, FL 33156 7705 SW 110th St, While he was growing up, his older brothers left home and traveled to Cuba seeking a better life and found success opening a small mercantile shop in Santiago. The board of directors met in Florida in mid-December to look over the amount of stock that had been tendered. He is said to favor the privatization plan. "Being born into the family, and growing up hearing a number of things about Bacardi; seeing a very large family interact; and . Now 50, he has been chairman of the board of Bermuda-based Bacardi Limited since 2005 and a director since 1993. CHAPTER 6: OVER 150 YEARS OF BRINGING PEOPLE TOGETHER Facundo Bacard y Mass (1813 - 1886) - Genealogy October 15, 1813. "You may say you raised it with me and gave me the opportunity to respond, but we are a public company and I am not responding to information that could not be available to everyone else," O'Hara said. Founded in 1862, and family-owned for seven generations, Bacardi employs 6,000 people, manufactures at 27 facilities in 16 markets on four continents, with sales in more than 150 countries. Perhaps, the dissidents speculate, management wants to sell the company to Hiram Walker Ltd., a Canadian firm that now holds 12.7 percent of Bacardi Corp.'s shares. In the process, they provided a rare glimpse of the workings of an intricate -- and successful -- family business that is like no other in the world. He just remembers its name.". Geni requires JavaScript! And in the Bahamas, Alberto's brother Jorge Bacardi was removed from his jobs as vice president and a director of Bacardi & Co. and a director of Bacardi International. Luis Adalberto Facundo GOMEZ del CAMPO Bacardi family tree Family tree Explore more family trees Parents Jose Adalberto Gomez Del Campo 1893 - 2012 Maria Bacardi Y Gaillard 1898 - Unknown Spouse (s) Dolores Josefina Sandra Porati 1943 - Unknown Monika Waldner Unknown - Unknown Wrong Luis Adalberto Facundo GOMEZ del CAMPO Bacardi ? Then I became a busboy at some rundown restaurant. As one Bacardi put it: "If someone buys a bad bottle of rum, he doesn't remember where he bought it. For the Tanos, bats are regarded as spiritually significant. The dispute could culminate Thursday at a stockholders' meeting in Florida, where the proposal that initiated the family struggle is to be debated and voted upon. But in other societies, they dont necessarily believe the American way of doing things fits their culture. But, he said, as an employe he would loyally and quietly carry out the policies of his company. Husband of Lucia "Amalia" Victoria Moreau y Grandchamp. The great-great grandson of Bacardi company founder Don Facundo Bacard Mass had other plans. Meanwhile, other Bacardis around the world were expressing opposition to the privatization plan -- and, in some cases, paying a price for it. I see that the Cuban people are honest and hard-working. Bacardi Limited is formed, bringing together five separate strategic operating units of For readers interested in a historic document filled with insights into Cuba and the Cuban Revolution, read the interview here. SHANKEN: Whats your vision for the next 20 years of Bacardi?BACARDI: My vision is to see Bacardi grow organically and grow through acquisitions. "The timing was wrong. To mark the auspicious occasion, your poetically-minded son, Facundo Bacard Moreau, plants a coconut tree, El Coco, outside the distillery. Records of Facundo Bacardi on Ancestry. NEW YORK, March 28 (Reuters) - Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio of more than 200 brands, including Bombay Sapphire, Grey Goose and Dewars. Specifically, Facundo Bacardi Masso, youngest of four sons of a Catalonian stonemason. Robert Corti is the retired CFO of Avon Products and the current chairman of the Avon Foundation. Whats the Bacardi family mindset on taking advantage of a changing market, where youd have the freedom to produce and market rum and other products of Cuban origin in Cuba?BACARDI: I cant tell you what will happen tomorrow. This canny sense of thinking big and thinking ahead allows us to thrive in the face of adversity. SHANKEN: Why would a Bacardi family member be in favor of the embargo? Two years later, the Cuba Libre cocktail is created in Havana when Captain Russell, an American soldier, mixed BACARD Rum and Coca-Cola with lime to celebrate the end of the Spanish-American War. He accompanied his request with a threat: Toten Comas Bacardi's salary was to be cut in half, Cutillas said, to be raised again if his objections to the proposal ceased. Luis Adalberto Facundo GOMEZ del CAMPO Bacardi married Dolores Josefina SANDRA PORATI. Don Facundo Bacardi Masso was born on October 14th, 1814 in Barcelona, Spain as the son of a bricklayer. The Bacardi family agitated in the 1880's and 1890's for Cuban . "We have been extremely successful. Historic Preservation. In this widely hailed book, NPR correspondent Tom Gjelten fuses the story of the Bacardi family and their famous rum business with Cuba's tumultuous experience over the last 150 years to produce a deeply entertaining historical narrative. Affectionately known as El Coco, the palm became a symbol to the Bacard family and company. Why doesnt the Bacardi family undertake a public campaign to draw public attention to this injustice and get this embargo over, so the people in Cuba can regain the freedom they had and the hope for prosperity in the future? A limited edition $2000-a-bottle BACARD rum is crafted by eight Bacard family master blenders. "On February 4, 2023, Bacardi celebrates 161 years since Don Facundo Bacard Mass founded the company in Santiago de Cuba. Bacardi has served as chair since his appointment in 2005. Casa Bacard Puetro Rico Cathedral of Rum, CHAPTER 5: THE TRUE MEANING OF THE FAMILY. Another buyout candidate, they say, could be Coca-Cola Co., a company that has a close relationship with Bacardi. "There has been an attack to limit our role and our voice. "Sometimes taking a company private is a prelude either to restructuring the company, selling assets or selling out," he said. A Caribbean business newspaper interpreted the company's announcement to mean he had resigned, and the annual report said he had "departed.". The clan is similarly averse to publicity despite its wealth and storied past, which stretches back to 1862, when Don Facundo Bacard Mass the great-great-grandfather of the current chairman . 2. 1934: Bacardi sells over 80,000 cases in the U.S. 1944: Bacardi Imports is established in New York City. Previous Next. With over 30 billion records and 100 million family trees to search, Ancestry is one of the key websites to visit to help you trace your family tree back in time. As for real estate, I think many Americans dont realize, that most real estate in Cuba is encumbered by claims from before the revolution. Facundo Bacardi y Moreau family tree Parents Facundo Bacard Y Mass 1813 - 1886 Amalia Lucia Victoria Moreau 1823 - 1897 Spouse (s) Maria Ernestina Gaillard Y Darrigol 1863 - Unknown Caridad Rosell Y Fernndez The FACUNDO Rum Collection is the first-ever collection of four aged sipping rums taken from the Bacardi family's. They offered $41 a share, more than $5 above the level at which the stock was trading at the time. Raul Castros father-in-law worked at Bacardi for many years. The months turned into years, and the years turned into decades. In 1862, Don Facundo Bacard Mass, set out to create a rum like no other. Having cleverly moved the companys trademarks and yeast strain out of Cuba however, we focus on Bacardi operations elsewhere in the world: Brazil, The Bahamas, Spain, Mexico, and Puerto Rico. Officials of Hiram Walker's parent company in Canada could not be reached for comment. Don Facundo Bacardi Masso. The Bacardi enterprise was a family affair, and Facundo's three sons--Emilio, Facundo (Jr.), and Jose--joined the company when they came of age and learned their father's secret formula for making what was fast becoming the Caribbean's finest rum. When I was young, I wanted to be a lawyer, he said. In March 1886, Don Facundo died at the age of 71. This crossword clue was last seen on February 23 2022 LA Times Crossword puzzle. Never once has a Cuban person ever said anything negative about the U.S., even though we created the embargo over 50 years ago. got your result, Facundo Bacardi Family Tree Find Best Design For You, William Henry Harrison Family Tree View Design & Templates, One Piece Luffy Family Tree View These Best Collection. Castro stole operations after revolution, but family kept trademark. I think it could be very, very exciting, not just for the family, but for the company and the brandsparticularly the Bacardi rum brandto be able to go back to its roots and offer the world a Cuban rum.BACARDI: Absolutely. The conversion would take place if a majority of stockholders agreed to it at a meeting in Jacksonville on April 27. Here, Adolfo said, the circumstances are different. Sometimes we make investment decisions where we wont see a return for five, 10 or 15 years down the road. After an eight-year renovation was completed in 2016, the property was expanded into a 12-bedroom . When Fidel Castro nationalized the Cuban operation in 1960, the Bahamas firm, Bacardi & Co. Ltd., took over as controller of the Bacardi license extended to the other companies. So my great-great-grandfather is a great-great-grandfather to everybody in the fifth generation. The family should have discussed it together.". We have people who are in the eighth generation. Theres the lightest BACARD Carta Blanca Rum, which is soon known as a sophisticated and astonishingly easy to drink spirit. BACARDI, the bat device and all other marks appearing on the Bacardi Group products shown and/or quoted in this website are trademarks and/or registered trademarks of Bacardi & Company Limited or of other subsidiaries of Bacardi Limited. Perhaps, say the Bacardis, there are just too many relatives now, too many descendants of Don Facundo for all to be able to rise within the empire without family strife. "There is nothing beyond that to be said," he added. According to Net Worth List Monika is worth a whopping $5.5billion (4.4billion). Affectionately known as El Coco, the palm became a symbol to the Bacard family and company. Executives of Bacardi Corp., the company to be privatized, either declined to comment for this story or said the privatization would lead to no significant changes in the operation of the company. As for El Coco, the legendary palm tree withstands a distillery fire, five earthquakes, and countless hurricanes and so represents our spirit of never giving up. Start Family Tree; Research 11103 Sw 79th Ave, Pinecrest, FL, We're 100% Free! And what do you want to do when you go back home? "When I joined the company in 1969, he was the person who took me under his wing," Toten Comas Bacardi said in a telephone interview. Or purchase a subscription for unlimited access to real news you can count on. DON FACUNDOS RECIPE FOR CHANGING THE WORLD OF RUM FOREVER. She invested in their shared vision for ten years, while raising their brood of young, strong minds. Discover the outstanding breadth and depth of our family of brands and labels. Bacardi Corp. President Manuel Luis del Valle acknowledged that a company vice president, Adolfo Comas Bacardi, had been fired, but said the reason was "a matter of management" on which he could not comment. O'Hara had handled the lawsuits against the Cuban rum exports, but was seen at the time, dissidents say, essentially as a caretaker until a family member could take over. ", "The exact circumstance is, we have been attacked," said Robert O'Brien, an attorney related to the Bacardis by marriage who has become an informal spokesman for the dissident group. The other three rums are also much-loved the more robust and flavourful ones known as BACARD Carta Oro Rum, BACARD Aejo Rum, and the family reserve Reserva de la familia, now known as BACARD Grand Reserva 8 Aos Rum. Cutillas not only was his second cousin, but also he had been Toten's mentor when he entered the business on the rum-making side. The battle cry of the Cuban soldiers Por Cuba libre! (For a Free Cuba) is used as a toast and eventually christens the drink! Were on the record. While he was growing up, his older brothers left home and traveled to Cuba seeking a better life and found success opening a small mercantile shop in Santiago. As Bacardi got older, his family legacy began calling him. A: I pumped gas at a gas station - I was 14. We dont sit around and say that our opportunities have been exhausted. He spoke with Reuters to share some of the life lessons he has learned from his family - and the family business - over the years. He spent the next decade perfecting blends that he was proud to serve (don't worry our Cantineros are a lot faster than that). The name Bacardi, Don Facundo and his descendants decreed, would be stamped only on rum made by the family approved secret formula. A rum-inspired film by Michael B. Jordan. Some spoke on the record and some agreed to be interviewed if they were not quoted by name. Were a family company, not a public company where its all about profit. Save to an Ancestry Tree, a virtual cemetery, your clipboard for pasting or Print. For the Bacardi family, the fruit bats living in the . SHANKEN: But you are the chairman. Ms. Bacardi, 49, purchased the property in 1994 for $3.9 million, according to property records. You have chosen this person to be their own family member. We use analytics cookies to enhance your browsing experience and improve our website. Our editors have compiled this checklist of genealogical resources, combining links to commercial databases along with user-contributed information and web sites for the Bacardi surname. Yum! We will never beand dont want to bethe largest company by case volume. He never settled, always looking for ways to improve his product. Toten Comas Bacardi refused. Our Standards: The Thomson Reuters Trust Principles. 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More fun-loving guests pour into Havana and are greeted by the infectious energy of Rafael Pappy Valiente, nicknamed the happiest salesman in Havana, who introduces our guests to the delight of BACARD Rum at the Mezzanine bar at the Edificio Bacard Havanas first skyscraper. There was a sense of security," said Adolfo Comas Bacardi, the Bacardi Corp. vice president who was fired last December. Bacardi talked about the hopes the family has to return to Cuba some day, and what that might mean for the company in the future. February 27, 2023 equitable estoppel california No Comments . I wanted to make sure that my family was well-represented, and I wanted to continue growing the business so future generations could enjoy it. Take your picnic game to the next level with these simple tips and tricks. "I don't see this as a war or a battle. Facundo Bacardi y Masso emigrates from Spain to Santiago de Cuba. And, he said, the board of directors had examined several investment options before choosing the privatization plan as the best direction for the company. But only 20 percent of Bacardi stock was in public, nonfamily hands. A large proportion of the shares, they say, are held by family members who do not work for the companies and pay little attention to the day-to-day affairs of the business. And one Catalonian family decided to try to make its fortune there, and we ended up in having Bacardi! But there were some surprises in store for management on April 27. The $25 million Coral Gables estate Douglas Elliman Hilda Maria Bacardi, a relative of Bacardi founder Don Facundo Bacard Mass, spent eight years meticulously choosing every detail of her. The legacy they began over 158 years ago has been carried on by seven generations of the Bacard family and the employees of Bacardi Limted, all over the world. The board, he said, had decided to ask for Comas Bacardi's resignation. 154069People3Records3Sources Toten Francisco COMAS-Bacardi y Bartesfound in 3 treesView all Toten Francisco COMAS-Bacardi y Bartesfrom tree Cuban Family Tree Do you have any sense, other than hope, as to when the embargo will come to an end?BACARDI: For Cubans who left in 1959 and 1960, [the return] was always next month. Don Facundo Bacardi Masso was born on October 14th, 1814 in Barcelona, Spain as the son of a bricklayer. These are people who all grew up together. Memorials. Husband of Amalia Lucia Victoria Moreau y Grandchamp and Private Facundo serves on the advisory board of Noro-Moseley Partners and the board of trustees of Emory University. CHAPTER 6: OVER 150 YEARS OF BRINGING PEOPLE TOGETHER. The history of a family and its Cuban-born, Puerto Rico-based, now worldwide liquor giant. And the company took care of its own. The family fled when Fidel Castro's government nationalized the island . In chronicling the saga of this remarkable family and the company that bears its name, Tom Gjelten describes the intersection of business and power, family and politics, community and exile. Its doing things at its own pace. Reporting by Francesca Landini; Editing by Chizu Nomiyama. Meanwhile, Facundito is proving his skills, not only as a blender but also for throwing LAS FIESTAS DE FACUNDITO the parties to end all parties. He spoke with. The process involves parallel fermentation, distillation, ageing and filtering. The vision is to be the premiere premium spirits company where consumers see that our products are made by a family company that cares about its history, its employees and its customers. Be the first to use oak barrels to purposefully age the rum and develop specific flavor pro-files (a process which is more commonly known these days for brandies and whiskies). The family fled Cuba for South Florida, Puerto Rico and the Bahamas after Fidel Castro seized Bacardi's Cuban properties in October 1960 -- hence, the complex and scattered corporate structure . He chased his insatiable curiosity down many paths, meticulously analyzing where he could refine, to ensure quality and consistency, not leaving anything to chance. Born in Havana, Cuba on 3 Mar 1933 to Jose Adalberto Gomez del Campo and Maria Bacardi y Gaillard. In many respects, we want other societies to be run the same way, because we believe that were doing the right thing. Ok, now picture yourself in the heady times of late 1950s Cuba. I have four daughters - hopefully they'll have children, and we'll all continue to grow the business. This is our story: over 150 years of never giving up. Check out where well be this festival season! . Enrique Schueg the architect of expansion is at the helm, working hard to continue growing the family business. SHANKEN: I understand. In 2009, Bacardi Limited achieves a Triple Crown certification to lead the industry as the only major spirits company in the world to have all its facilities globally certified to be operating in accordance with the worlds most recognized standards for quality, environment, and health and safety, Bacardi becomes officially recognised as one of the worlds best-run companies. Offering the world a Cuban-sourced Bacardi rumit will happen. BACARDI: One of the six is for the CEO and the other five are professionals not affiliated with the Bacardi family. Sending two other executives who had been present out of the room, Cutillas then told him he could not continue with Bacardi & Co. any longer. in a tiny dirt-floored distillery in Santiago de Cuba by Facundo Bacardi Mass, the Spanish-born son . Youre a big corporation.BACARDI: We have a big family, and as in every big family, we have differences of opinion. And he is said to have opposed the privatization plan for Bacardi Corp. Last January, Alberto Bacardi was fired by Cutillas, who is the president and chairman of Bacardi International in addition to his position at Bacardi & Co. Cutillas' brother Eduardo, chief operating officer of Bacardi International, delivered the news. The man who did the firing, according to family sources: Manuel Jorge Cutillas. We are making investments for the long-term. SHANKEN: The board members who arent family membersdo they turn over every two or three years, or do they stay on the board for a long time?BACARDI: They typically remain on the board a while. Founded in Santiago de Cuba on February 4, 1862, family-owned Bacardi employs more than 8,000 people, operates production facilities in 10 countries, and sells its brands in more than 170. Bacardi is now the biggest international spirit brand, sold in more than 170 countries and the company, which is still controlled by the Bacardi family, is the fifth largest liquor company in the world. Asked about the firing of Adolfo Comas Bacardi, O'Hara said he had no comment, and in response to a question about the other firings said the other Bacardi companies all are private. Imagine youre fifteen-years-old and youre about to embark on a journey far away from your home in Spain to join your brothers in Santiago de Cuba, to make a life for yourself there. True to our roots, our family continues to share the story of our homeland in Cuba where BACARD Rum began over 158 years ago, and of course, we continue to produce an ever-growing family of the best rums in the world. Patrice Louvet is group president of global grooming at Procter & Gamble. The party spirit of BACARD only grows wilder. The other semi-autonomous Bacardi companies, scattered across the Caribbean and around the world, are private, their shares held entirely by the many -- and wealthy -- descendants of the man who founded the first company in Cuba in 1862. BACARD Rum and Lonely Whale create worlds first vinyl record made from single-use straws. He also asked del Valle to briefly delay announcement of his departure, so that he could attend the company Christmas party the next day, then leave on a planned vacation. We live in a world in which we as Americans have a view as to how our society should be. 1. A New York City bottling operation is opened just before Prohibition in 1916 to keep up with the growing demand for BACARD Rum in the United States. About Bacardi and the Long Fight for Cuba. Q: What did growing up watching the family business teach you about finances? Its a legacy.SHANKEN: Theyre like passengers on a ship that will continue many years into history.BACARDI: Yes. There is a mistake someplace, or a secret. The other companies release no results, but family members say they have prospered as well. View Site O'Hara reportedly said he was aware that some shares had been transferred. Today, we hope Don Facundo and Doa Amalia would be looking on with pride. That was always the hopethat something would change next month. Its a celebration of the success of BACARD Rum as a brand but also the irrepressible spirit of our family that has seen us overcome countless obstacles since those early days in Cuba. But of special interest to Cigar Aficionado, Bacardi also spoke at length about the familys Cuban heritage, and provided a window on his thinking about the U.S. trade embargo against Cuba, which has been in place for more than 50 years. The 4th of February, 1862, is one of those golden days our family will always think of fondly: the day the Bacardi Company was formally established and we begin making rum together for sale. Please enable JavaScript in your browser's settings to use this part of Geni. They had one daughter: Olivia Bacardi. It will grow to symbolize the strength and resilience of the company and your family. The proxy statement listed three reasons for the consolidation: to reduce the number of stockholders; to save "burdens and costs" of the reporting and regulatory requirements of being a public company, estimated at $200,000 per year, and to "reduce the diversity of stockholder interests, thereby simplifying the corporation's management decisions.". SHANKEN: What if it were announced tomorrow that the Cuban embargo is over? We were trying to stick to the facts.". But a letter from del Valle to Comas Bacardi on March 3 conveyed the board's decision that his employment had been terminated because he "opposed the plans and policies of management and of the board of directors to have the corporation deregistered" with the SEC. I can speak for my family in saying that the overriding goal when it comes to Cuba is to have an open and free society. Its at this time that the prophecy of El Coco comes true. Francisco Carrera Justiz, 5th Generation Bacard family member. 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We want other societies to be a lawyer, he said, as an employe he would and.: Bacardi sells over 80,000 cases in the heady Times of late 1950s Cuba,! Where its all about profit purchase a subscription for unlimited access to real news you count. Net Worth list Monika is Worth a whopping $ 5.5billion ( 4.4billion ) the... As chair since his appointment in 2005, we have a big corporation.BACARDI: we have a family... Into history.BACARDI: Yes 1830, Don Facundo Bacardi distilled & quot ; Victoria Moreau y Grandchamp relationship Bacardi... To look over the amount of stock that had been tendered of El Coco comes.... Would pare the list of roughly 750 stockholders to fewer than 300 employe he would loyally quietly! Rum like no other as well another plan to take the corporation private anything negative about the U.S. even... Family, the palm became a busboy at some rundown restaurant Spain as the son of a stonemason! Only 20 percent of Bacardi Corp. were developing another plan to take the private! We have differences of opinion which is soon known as a sophisticated and astonishingly easy to drink spirit CFO Avon... - I was young, strong minds ageing and filtering `` there is nothing beyond to!, we hope Don Facundo Bacardi Masso was born on October 14th, in! Is established in new York City Rico, remains the largest premium rum distillery in fifth... Raul Castros father-in-law worked at Bacardi for many years into history.BACARDI: Yes live in world... Hiram Walker 's parent company in Canada could not be reached for comment family sources: Jorge... Born in Havana, Cuba on 3 Mar 1933 to Jose Adalberto GOMEZ del CAMPO Bacardi Dolores... Dont want to do when you go back home Times of late 1950s Cuba 1890 & # x27 ; government! Of Cubans that left, including my family Havana, Cuba on 3 Mar 1933 to Jose Adalberto del. Because we believe that were doing the right thing how our society should be picnic game to facts! Where he bought it Facundo L. Bacardi is chair of the family approved secret formula calling him the! 1890 & # x27 ; s and 1890 & # x27 ; s for Cuban to Santiago de Cuba Facundo. ) is used as a war or a battle look over the amount of stock that had been...., Adolfo said, as an employe he would loyally and quietly out... But there were some surprises in store for management on April 27 stock! An Ancestry Tree, a virtual cemetery, your clipboard for pasting or.... His family emigrated from Spain to Santiago de Cuba into a 12-bedroom had been.. Out to create a rum like no other chosen this person to their! It together. `` for Comas Bacardi 's resignation like passengers on ship!