Opinion: The Hypocrisy of Pacha Ibiza and the Island’s VIP Lifestyle
Ricardo Urgell, founder of Pacha Group
Unless you’re living under a rock, or have absolutely no interest in the rapidly changing world of dance music, you have probably heard that Pacha Group went on sale in September for a requested âŹ500 million.
The sale of the Pacha brand includes hotels and venues directly owned by the company, such as Pacha Ibiza, Destino and LĂo, as well as the franchise fees paid by the dozen or so clubs around the world who use the brand’s name. When the news was filtered to the media, the reason for the sale was boiled down to a distaste of the Matutes family, who own UshuaĂŻa Group, and the VIP lifestyle that Pacha alleges the Matutes brought to the island.
