Vassallo Group has embarked on a pivotal chapter and while succession is fundamental to any family business – or any business – the focus remains on creating a sustainable, inclusive, and forward-thinking future. “This is an important time in the history of our Group, as we go through this transitional stage and live out our succession plan,” Chairperson Natalie Briffa Farrugia explains.
“It’s about ensuring we inherit the values and strength of our past, while making tough decisions for a more sustainable, fluid future. Our commitment is clear: sustainability, inclusivity, and governance are now at the core of our evolution.” Natalie adds that the Group has always embraced a ‘reduce, reuse, recycle’ mentality. This is now evolving into a more structured approach as the Group aligns to environmental, social, and governance (ESG) practices. “It’s no longer just an administrative task; it’s a responsibility we must shoulder.
This is relatively new territory for us, but necessary. The business world today bears a heavier load. Now, more than ever, businesses must have long-term perspectives, investing in infrastructure and future-proofing our companies. It is up to us to be the visionaries.”
Globally, Natalie remarks, the world is facing political upheaval and conflicts, which impact even Malta, despite the geographical distance. “These chaotic times remind us of the importance of solidifying our foundations,” she asserts.
“Our boards continue to make sound decisions with a focus on sustainability, risk management, and resilience. This governance ensures we are in a strong position to face whatever challenges lie ahead.” In terms of investments, the Group has been fortunate in that it has avoided market surpluses. “Our property portfolio is thriving, and our ventures, such as Campus Hub and the Mediterranean College of Sport (MCS), are a testament to our growing contribution to education… It’s a new lifestyle; a new quality of life for students.”
Campus Hub provides a modern lifestyle for university students, while MCS reflects the Group’s belief that sports and education together create a well-rounded life. The Group’s involvement in education at the secondary and higher secondary levels is a relatively new venture, but its unique contribution to society is its dual focus: sports and education. “As for other businesses, like our care division, we are continuing to solidify our role in the market. We know our forecast, and we have a very clear vision of where we want to be,” she says. “I don’t focus too much on the competition; I believe in looking inward and ensuring we are the best we can be. By strengthening our core business, we indirectly make ourselves more competitive.”
“We also practice what we preach in our personal lives,” Natalie says, as her face lights up with a smile. “Sport and wellbeing are core values for myself and my siblings, as well as for our CEOs. Personally, I run and swim, and each year, I take part in a fundraising event in aid of the Len and Jacob Wellness Fund, twins with Duchenne Muscular Dystrophy. This annual journey reflects not only my personal commitment to a cause, but also the values of our Group: determination and community.”
As Vassallo Group Chairperson, Natalie says her role is clear: governance is paramount. She envisions the Group’s governance structure becoming even stronger, ensuring it remains resilient, and, most importantly, responsible. At the heart of all this is a vision passed down from the Vassallo siblings’ father, Group founder Nazzareno Vassallo, who always understood the importance of planning for succession. “It’s now our responsibility to ensure a smooth transition for the next generation, while continuing to build a legacy of innovation, sustainability, and community.” Natalie concludes.