Iguatemi Empresa de Shopping Centers is part of the Brazilian Grupo Jereissati, which also owns La Fonte Participações, the parent company. Founded at the beginning of the last century as a company active in the textile segment, it diversified into real estate in 1946 as Companhia Imobiliária Jereissati. In 1961, it acquired Metarurgica La Fonte, a traditional maker of paddocks and, in 1979, it acquired the Shopping Centre Iguatemi São Paulo and took over its management.