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Home > Company Index > Retail > Department Stores > Grupo Sanborns, S.A. de C.V.

Grupo Sanborns, S.A. de C.V.
 NEWS FROM THE STANDARD
Paging Michael Milken
May 15 2001 08:42 AM PDT

 PROFILE
In Mexico, few retailers are as steeped in history as Grupo Sanborns. The retailer is 79%-owned by Grupo Carso, which itself is controlled by the Slim family, the richest clan in Latin America. Half of Sanborns' sales come from its 85%-owned Sears de Mexico chain (over 40 stores). Other holdings include over 100 Sanborns Hermanos stores (a combo of restaurants, drugstores, and book and gift shops);over 30 Sanborns Cafes; about 50 Mixup and Discolandia music stores; Pasteleria Francesa El Globo (pastry shops); a Web site selling books, music, tobacco, toys, and drugs; and troubled US computer retailer CompUSA. Walter and Frank Sanborns formed Sanborns in 1903 as American Drugstore in Mexico City.

 COMPETITION
Controladora Comercial Mexicana, S.A. de C.V. (MCM)
El Puerto de Liverpool, S. A. de C. V. (LIVEPOL)
Wal-Mart de México, S.A. de C.V. (WMMVY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,302.50
1-Yr. Sales Growth: 15.5%
Employees: 19,098
Revenue per employee: $68,200.86

 KEY PEOPLE
• Carlos Slim Domit
    CEO
• Alejandro Escoto Cano
    CFO

 CONTACT INFO
Av. San Fernando, No. 649, Col. Pena Pobre
14060 Mexico, D.F., Mexico
Phone: 52-5-726-3686
Fax: 52-5-238-0601
Online: Web Site

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