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Home > Company Index > Retail > Department Stores > Grupo Sanborns, S.A. de C.V.
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Grupo Sanborns, S.A. de C.V. |
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NEWS FROM THE STANDARD |
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Paging Michael Milken
May 15 2001 08:42 AM PDT
PROFILE |
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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 |
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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)
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FINANCIAL OVERVIEW |
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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 |
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Carlos Slim Domit
CEO
Alejandro Escoto Cano
CFO
CONTACT INFO |
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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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Copyright © 2001, Hoover's Inc. Austin, Texas.
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