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The Bacardí family (and hence the company) maintained a fierce opposition to Fidel Castro’s revolution in Cuba in the 1960s. In his book Bacardi, The Hidden War, Hernando Calvo Ospina outlines the political element to the family’s money. Bacardi wine sweater Ospina describes how the Bacardi family and the company left Cuba after the Cuban Revolution confiscated the company’s Cuban assets on 15 October 1960, particularly nationalizing and banning all private property on the island as well as all bank accounts. However, due to concerns over the previous Cuban leader, Fulgencio Batista, the company had started foreign branches a few years before the revolution; the company moved the ownership of its trademarks, assets and proprietary formulas out of the country to the Bahamas prior to the revolution and also built plants in Puerto Rico and Mexico after Prohibition to save import taxes on rum being imported to the United States. This helped the company survive after the Cuban government confiscated all Bacardí assets in the country without any compensation.

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