Fasano Group

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Fasano Group
Native name
Grupo Fasano
IndustryHospitality
FoundedJanuary 1, 1902; 124 years ago (1902-01-01) in Sao Paulo, Brazil
FounderVittorio Fasano
Area served
Brazil, Uruguay, United States
Key people
ProductsHotels, restaurants, food
OwnerGero Fasano (37%)
JHSF Participações
Number of employees
1,500+ (2023)
Websitefasano.com.br

Fasano Group (Portuguese pronunciation: ʁupo fɐsɐno] officially Restaurante Fasano Ltda.[1][2]) is a Brazilian multinational hospitality company based in Jardins, São Paulo, Brazil. Founded by the Fasano family in 1902, it currently operates hotels and restaurants in Brazil,[3] Uruguay[4] and the United States.[5][6][7] Gero Fasano remains the controlling shareholder with 37% and chairman of the group. As of 2023, Fasano operates 26 restaurants, nine hotels and employs 1,500+ people worldwide.[8]

Organization

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In 2014, Brazilian real estate development company JHSF agreed to buy 13 Fasano restaurant locations as well as the right to use the brand, for 53 million Brazilians reais ($23.8m). Ever since the previous owner Gero Fasano remains a controlling shareholder with 37% and currently still chairs the company.[9][10]

History

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In 1902, Vittorio Fasano, an Italian immigrant came to Brazil and opened a first restaurant on Avenida Paulista (named Brasserie Paulista) which served Milanese food. The name later shifted into Restaurante Fasano (Fasano Restaurant) and was operating successfully until the 1930s. Over the generations they expanded and opened several locations including an own Italian bakery.[11] In the 1980s, Gero Fasano dropped out of the University of the Arts London, returned to his native country and took over the family business. He transformed the regionally organized restaurants company into a multinational luxury hospitality brand.[12]

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References

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