Grupo Breca

Grupo Breca, also known as Grupo Brescia, is a Peruvian business conglomerate founded more than 130 years ago with operations in Peru and other countries in Latin America. Fortunato Brescia and his wife, Mrs. María Catalina Cafferata, are the group's founders. Their last names Brescia and Cafferata gave rise to the "Breca" brand, which reflects the memory of its founders.

Since September 2011, its main companies are grouped in the Inversiones Breca S. A. holding company, which has as shareholders Ana María Brescia Cafferata, RBCF Inversiones, Pedro Brescia Moreyra, Mario Brescia Moreyra, Fortunato Brescia Moreyra and an RBCF trust. The Fort Brescia family is a shareholder in RBCF company.

Fortunato Brescia Tassano began his working life as an assistant in a retail store. In 1913, he acquired the Miranaves Ranch, next to the Port of Callao, and started his own business to produce subsistence farming and dairy products and became the supplier of the warehouses. A couple of years later, he bought the Limatambo ranch, which includes part of the current districts of San Borja, San Isidro and Miraflores.

In 1919, Mr. Fortunato married María Cafferata Peñaranda. Their family decided to invest in Peru. In 1928, the Government of Augusto B. Leguía expropriated part of the Miranaves Ranch to build warehouses and residences for workers of the Port of Callao. In 1940, during the government of Manuel Prado Ugarteche, part of the Limatambo ranch was expropriated to build an airport in Lima. In 1946, despite the expropriation, the opportunities in the real estate market led to Mr. Fortunato to create the company Urbanizadora Jardín. In 1948, Mr. Fortunato developed his first real estate project: The Santa Marina residential area in Callao. In 1952, Mr. Fortunato died and his sons Pedro and Mario were left in charge of the businesses with the support and continued involvement of their sisters Rosa and Ana María. In the following years, the brothers consolidated the process of growth and diversification of the group by venturing into industries such as banking, fishing, insurance, health and mining.

Currently, the group is led by its co-chairmen, Alex Fort Brescia and Pedro Brescia Moreyra, and its directors, Rosa Brescia Cafferata, Ana Maria Brescia Cafferata, Fortunato Brescia Moreyra and Mario Brescia Moreyra.

Pedro Brescia Cafferata assumed control of the group when he was 31 years old, and Mario became his right arm when he turned 23 years old. Their sisters Ana María and Rosa were, at that time, 27 and 25 years, respectively, and although they were considered in the big decisions (by Pedro's mandate, everything was decided by consensus), they never got involved in the day-to-day business. Pedro and Mario decided to give strength to the real estate business, which is reflected in the title of the thesis made by Pedro: “How to lot a ranch for residential use?" This was focused on the lotting of the San Borja ranch.

Despite the push made in the real estate business, the brothers sought new opportunities and investments. They were admitted into the fishing business by acquiring the companies Tecnológica de Alimentos, Costa Mar and Indo Mar. In addition, their diversification led them to develop the mining business, so they took advantage of the quarries they inherited from their maternal grandfather, but his father Mr. Fortunato decided to close. They decided to reopen them, acquiring some new ones and creating Corporación Minera Patará.

In 1963, Pedro launched the San Borja residential area on part of the grounds of his ranch, and shortly after it would follow the Monterrico residential area. Both are today residential areas of modern Lima. In 1964, AESA was created, the first firm that would be in charge of the group's businesses, and the next year it entered into the Rímac shareholding, an important leap in its plan to diversify the group and learn from other entrepreneurs.