Lydia Forte Wikipedia, Net Worth, Husband, Age, Hotels, Instagram, Wedding, Mother

Lydia Forte Wikipedia Net Worth Husband’s age Hotel Instagram Wedding Mother

Lydia Forte Wikipedia, Net Worth, Husband, Age, Hotels, Instagram, Weddings, Mothers – Sir Rocco Forte is adamant that his children won’t have the same problems as him when he takes over the business of the family. He talks to Janet Harmer and daughters Lydia and Irene about the company’s new phase of expansion.

Lydia Forte Wikipedia Net Worth Husband’s age Hotel Instagram Wedding Mother

It can be difficult to transfer control of a family business. Sir Rocco Forte is well aware of this, having experienced anxiety as he succeeded his father as president of Forte, a global conglomerate that operates hotels and restaurants in every conceivable industry. In 1992, Lord Forte, then 83 years old, decided to leave the company he had founded in 1934 with great reluctance.

Sir Rocco worries that his father’s departure from the business is a challenging transition. “The only thing I wish I had done differently was keep using it. Being forced to leave the company he founded and built all his life was a heavy blow to him.

To do this, Sir Rocco wanted to make the transition less painful when he finally stepped down as chief executive of the 11 luxury hotel chain Rocco Forte. His two daughters, Lydia (29) and Irene (28), have been welcomed into the company with open arms over the past three to four years.

He urges students to fully participate in decision-making processes involving several departments, independently, and to do so in a way that allows them to learn from the occasional mistakes they may make across the board. way.

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Mr. Rocco is extremely pleased and proud of the contributions his daughters have made to the company. They are really creative, he claims, and “bring freshness”. They include a new dimension.

The newest member of the Forte family, 25-year-old Charles, recently started working there full-time and is now getting to know the industry better. Although Lord Forte hopes that young Rocco will join him, it is unlikely that the three children will take up positions in the Rocco Forte hotel.

Sir Rocco said: “In retrospect, I had no problem placing such expectations on me.” I have always been interested in the company and going to work was all I really wanted to achieve during my studies and the three years I spent completing my papers to become a Certified Public Accountant.

Mr. Rocco never bothered to force his children to work for him, but when the time came, he gladly took them on as full-time employees. “It was great that they had gained work experience after their years off school and college, so they were savvy in the business,” he notes.

Currently, Irene manages the brands, Lydia oversees the growth of bars and restaurants, and Charles is just starting his career with further innovations. The entry of younger generations into the company is timely as Rocco Forte Hotels is about to enter a new phase of expansion.

In exchange for £60m in funding, Italian sovereign wealth fund Fondo Strategyo, owned by CDP, took a 23% stake in the business.

Mr. Rocco welcomed the move after a difficult couple of years when sales fell 40% in the first three months after the financial crisis in late 2009. “This has allowed us to get back on track, with The goal is to double in size in the next five years,” he said. Much of the company’s debt, now estimated at around £150 million, was paid during this period by the sale of the Le Richemond hotel in Geneva for around £110 million.

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