Issue link: https://maltatoday.uberflip.com/i/1004621
11 maltatoday | SUNDAY • 15 JULY 2018 NEWS Lifetime Ltd (1996) Shareholding 100% Hugo Chetcuti Total assets: €26,550,000 Net Worth: €11,121,393 All Round Entertainment Ind. Ltd. (2004) Shareholding 100% Lifetime Ltd Total assets: €16,605,558 Net Worth: €2,085,644 F.O.D. Ltd (2002) Shareholding 50% Lifetime Ltd and 50% Peter Paul Vella from Gozo Total assets: €1,871,014 Net Worth: €891,736 H Operations Ltd (2013) Shareholding 100% Lifetime Ltd Total assets: €846,779 Net Worth: €192,588 Hugo Cast and Co Ltd (2001) Shareholding 50% Lifetime Ltd and 50% Rowers Ltd (Raymond Grima and Jonathan Grima) Total assets: €167,138 Net Worth: €32,957 Hugo's Hotel Ltd (1987) Shareholding 100% Lifetime Ltd Formerly Hotel Bernard Ltd, bought by Lifetime Ltd in 2010 Total assets: €18,803,785 Net Worth: €2,539,459 HH Finance plc (2018) Shareholding 99.9993% Hugo's Hotel Ltd and 0.0006% Hugo Chetcuti HH Operating Ltd (2018) Shareholding 99.9166% Hugo's Hotel Ltd and 0.0833% Hugo Chetcuti Native Ltd (2002) Shareholding 25% Lifetime Ltd; 50% Maryrose Scerri of Mosta; 25% Peter Paul Vella of Gozo Total assets: €707,688 Net Worth: €148,844 Three Sixty Ltd (2002) Shareholders 50% Lifetime Ltd and 50% Rowers Ltd Total assets: €2,078,717 Net Worth: €1,516,780 Hugo's Ltd (2007) Shareholder 100% Hugo Chetcuti Total assets: €1,627,693 Net Worth: -€4,404 HR Holdings (2012) Shareholding 50% Hugo's Ltd and 50% JRCM Developments Total assets: €2,782,392 Net Worth: €325,188 Lucky Luke Trading (1995) Shareholding 59.9% Hugo Chetcuti and 40.1% Victor Vella of Gozo Total assets: €373,549 Net Worth: €46,820 Slingshot Malta Ltd (2009) Shareholders 25% Hugo Chetcuti, 25% Liam Mangion, 25% Christian Spiteri and 25% Steven Versprille Total assets: €3,081 Net Worth: -€155,425 Other companies fully or partially owned by Chetcuti: Vivo Ltd (2007) Cha Ltd (2014) Chizouka Holdings Ltd (2010) Energylab Ltd (2014) Future Lettings Ltd (2018) JH Operations Ltd (2016) Paceville Entertainments Ltd (2016) Hugo's Yachting Ltd (2013) Hugo's companies know it," he said. "I wish to think that it will all be the same without Hugo," Spiteri said. "For me, things definitely will never be the same again." Philip Fenech, a veteran nightclub owner and close friend of Chetcuti, told Malta- Today that he had witnessed the entrepreneur's growth over the past three decades, having been there when Chet- cuti opened the doors of his first venue, Footloose. "I am proud to say I saw Hu- go grow into the household brand that he became of later years," he said. "And I was al- ways impressed by Hugo's de- termination and his pursuit of innovation and change." Fenech said that Chetcuti had never let anything get in the way of his entrepreneurial vision and that he had always been quick to change and adapt to market forces. He said he had always known Chetcuti to be a true gentle- man, in business, as well as in his personal life with fam- ily and friends. "Hugo's wish was for his son Luke to take over from him and to carry on his vision," Fenech said. "And knowing Luke, I am sure he will carry on his fa- ther's legacy." And in fact, taking to Instagram, Chetcuti's son has indeed vowed to continue his late father's legacy. "Dad, I made a promise to you that I will continue your legacy and this I will do till my last breath," Luke wrote. "You have taught me so much and I will put everything into my everyday life. I promise that I will continue building the em- pire you left us." Chink in the armour Chetcuti's rise as a business mogul has been stalled at times by the occasional con- troversy. In 2003, he pleaded guilty to contempt of court after hav- ing assaulted a journalist at the law courts the year before. Chetcuti, then 36 years old, assaulted Super One journal- ist Joseph Mifsud in the Mag- istrates' Court on August 26, 2002. He told the court that he had assaulted the jour- nalist because he was angry about an article Mifsud had written about him. Mifsud had published a re- port about a conspiracy to im- port drugs into Malta and had m e n - t i o n e d I s a a c Chetcuti – Hugo's brother – as one of the 19 people involved, though he never men- tioned Hugo Chetcuti. Chetcuti had apologised and had paid for the damage caused to Mifsud's spectacles. In 2015, in his conclusions following an inquiry into the actions of former police in- spector Daniel Zammit, Judge Michael Mallia described Chetcuti as "a dubious char- acter". "With regards to the friend- ship of Daniel Zammit, and his brother Roderick, with Hugo Chetcuti, we find the latter to also be a dubious character, with a lengthy police record, mainly dealing with the con- tinued and regular breach of regulations related to the use and management of enter- tainment venues in Paceville which also sell drinks, beer and alcohol," the judge wrote in his conclusions. "It was not prudent for two police inspec- tors to be regularly seen in the company of Hugo Chetcuti." The judge went on to note that the two police inspectors had organised a birthday par- ty at Chetcuti's villa in Madl- iena, against no payment, and had therefore placed them- selves in a situation where they could feel indebted to Chetcuti. Zammit was also found to have joined Luke Chetcuti in setting up a company in 2010 – Diabolik Entertainment Ltd – to operate Steam, a gentle- men's club in Paceville. pcocks@mediatoday.com.mt Havana & 808 Clique Sahara Lounge Club Class Plus One Deja Vu Darlings Burlesque GC Stiletto Steam Hugo's Passion Hugo's Lounge Hugo's Shadow Lounge Hugo's Lounge Nordic Qube Michelangelo Bacco by Hugo's Rocco's Whisky Lounge Hugo's Seafood & Cocktails Hugo's Boutique Hotel Rocco Pizza & Pasta Black Bull Muse Middle East Luke's Broaster Chicken The Gastro Pub Footloose Soho Lounge & SoCity The White Palace The Long Hall Peppermint La Valette Hotel Aragon House The Axis 'Hugoville' Property or business owned by Hugo Chetcuti Property or business owned by third parties Bar / Club Pub / Diner Hotel Gentlemen's Club