King Felipe VI of Spain visited the German media company Bertelsmann in Guetersloh on Tuesday and met the owning family, the Mohns. Family spokesperson Liz Mohn, Bertelsmann’s Supervisory Board Chairman Christoph Mohn, and Chairman & CEO Thomas Rabe welcomed Felipe de Borbón y Grecia at midday today at the group’s corporate center.
Rabe said in a statement: “King Felipe VI of Spain has shown his appreciation for the close ties between Bertelsmann and Spain with his visit, and we are delighted about this. Spain is one of Bertelsmann’s core markets, and all of our divisions have operations there. Spain also plays a very distinct role in our growth strategy; it serves as the bridgehead for expanding our activities in Latin America — most of our businesses there are managed from Spain.”
All of Bertelsmann’s divisions do business in Spain: RTL Group with Atresmedia and Fremantle Media España among others, Penguin Random House Grupo Editorial with renowned publishers, Gruner + Jahr with its subsidiaries G + J España and Motorpress Ibérica, and Arvato with service businesses, as well as Be Printers with printing plants and the successful music company BMG with its own Spanish branch. “In all, Bertelsmann generates annual revenues of around €700 million (euro) in Spain”, said Rabe.
The visit to Bertelsmann was followed by a lunch for the King and members of the German-Spanish Business Council at Liz Mohn’s private residence. Bertelsmann coordinates the activities of the business council, founded in 2013, which works to promote German-Spanish relations. North Rhine-Westphalia’s state premier Hannelore Kraft also attended the lunch in Gütersloh.
–Courtesy of Billboard