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Home > Company Index > Conglomerates > Conglomerates > Grupo Carso, S.A. de C.V.

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

 PROFILE
Slim equals fat assets for Mexican billionaire Carlos Slim Helú. His sprawling conglomerate, Grupo Carso, owns 79% of Grupo Sanborns, which includes the Sanborns department store chain and an 85% stake in Sears Roebuck de México. The subsidiary also owns troubled US computer retailer CompUSA. Mexico's largest conglomerate, Grupo Carso has interests in cigarette maker Cigatam, and railway operator Ferrosur, as well as music stores, mining, chemicals, construction materials, and auto parts operations. Grupo Carso's success is so tightly tied to Slim that its stock nosedived when he suffered a heart attack in 1997. He has since opened the firm to investors and has passed on its operations to his son Patrick Slim Domit.

 COMPETITION
Best Buy Co., Inc. (BBY)
R.J. Reynolds Tobacco Holdings, Inc. (RJR)
Wal-Mart de México, S.A. de C.V. (WMMVY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 4,272.70
1-Yr. Sales Growth: 18.3%
Employees: 30,748
Revenue per employee: $138,958.63

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

 CONTACT INFO
Avenida Insurgentes Sur 3500, Colonia Peña Pobre
14060 México, D.F., Mexico
Phone: 52-5-726-3686
Fax: 52-5-238-0601
Online: Web Site

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