Hugo Salinas Price | |
---|---|
Born | Bryn Athyn, Pennsylvania, U.S. | March 11, 1932
Other names | Hugo Benjamin Salinas |
Alma mater | Wharton School, University of Pennsylvania Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) Universidad Nacional Autónoma de México (UNAM) |
Occupation | Electronics Retailer (Retired) |
Spouse | Esther Pliego de Salinas |
Children | Ricardo Salinas Pliego Esther Salinas Pliego Guillermo Salinas Pliego Rebeca Salinas Pliego Norah Emilia Salinas Pliego |
Parent(s) | Hugo Salinas Rocha Norah Price |
Hugo Salinas Price (born March 11, 1932) is a Mexican business magnate, investor, and philanthropist. He is the founder of Mexico's Elektra retail chain.
He also owns the second largest gold mine and silver mines in the state of Durango. [1]
Salinas was born on March 11, 1932 [2] in Bryn Athyn, Pennsylvania, his mother's home town. [3] His uncle Benjamin Salinas Westrup, along with his step-brother Joel Rocha, founded the furniture company Salinas y Rocha, which grew rapidly thanks to the possibility to pay with credit. [4]
He graduated from the Academy of the New Church Secondary Schools in 1949. [5] He studied at the Wharton School from University of Pennsylvania, at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and law from the Universidad Nacional Autónoma de México (UNAM).
Elektra began as a factory assembling electronic appliances for the Salinas y Rocha chain, a national retailer of appliances. Hugo Salinas Price became director of the company in 1952, and opened its first store Elektra in 1959. Elektra then set up a direct sales operation offering appliances on installments. By 1968, Elektra had opened 12 stores nationwide. Hugo Salinas Price retired from the company in 1987, leaving the 59-store retail network to his son Ricardo Salinas Pliego. [4]
Ricardo Benjamín Salinas Pliego is a Mexican businessman, founder and chairman of Grupo Salinas, a corporate conglomerate with interests in telecommunications, media, financial services, and retail.
Grupo Bimbo, S.A.B. de C.V. is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. It has an annual sales volume of 15 billion dollars and is listed on the Mexican Stock Exchange with the ticker BIMBO.
Organización Soriana is a Mexican public company and a major retailer in Mexico with more than 824 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Nuevo Leon, Mexico. The company is 100% capitalized in Mexico and has been publicly traded on the Mexican stock exchange, since 1987 under the symbol: "Soriana".
Grupo Salinas is a corporate conglomerate formed in 2001 by several Mexican companies. The group consists of TV Azteca, Grupo Elektra, Mazatlán F.C., Telecosmo, and Italika. Each of these companies operates independently with its own management and board of directors.
Banco Azteca is a financial institution headquartered in Mexico and is part of Grupo Elektra, which is part of Grupo Salinas, a Mexican conglomerate with interests in banking, media, retail and telecommunications. Founded in October 2002 by businessman Ricardo Salinas Pliego, Banco Azteca's focus has been to promote financial inclusion by serving the segments of the population most neglected by traditional banking, providing financial services to middle and lower income groups.
Grupo Elektra is a Mexican financial and retail corporation founded in 1950 by Hugo Salinas Price. The company currently operates over seven thousand points of contact across Mexico, United States, and Central America, through two business divisions: commercial and financial. Its parent company, Grupo Salinas, is a corporate group with interests across various economic sectors.
Seguros Azteca is a Mexican life insurance company owned by Grupo Salinas since 2003. The chief executive officer (CEO) is Alfredo Honsberg.
El Palacio de Hierro is an upscale chain of 16 full-line Palacio de Hierro department stores, 3 Boutique Palacio junior department stores, 2 Casa Palacio home stores, and 2 outlets located in Greater Mexico City and 8 other major cities across Mexico. Operated by the corporation Grupo El Palacio de Hierro S.A.B. de C.V., it has two flagship stores - one the original historic flagship in the Historic center of Mexico City and the "Palacio de los Palacios" store in the Polanco district, reopened in 2016 after an extensive renovation costing US$300 million, and at 55,200 m2 (594,168 sq ft), the largest department store in Latin America. Palacio de Hierro has been a member of the International Association of Department Stores since 2000.
El Puerto de Liverpool is a Mexican company that consists of commercial, financial, and real estate operations.
Chedraui is a publicly traded Mexican grocery store and department store chain which also operates stores in the U.S. in the states of California, Arizona, New Mexico, Texas, and Nevada under the banner name El Super and stores in Texas under the banner name Fiesta Mart. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.
Casa Ley is a Mexican grocery store chain based in Culiacán founded in 1954 by Juan Ley Fong. Most of its stores are located in western Mexico, in the states of Baja California, Sonora, Sinaloa, Nayarit, Jalisco, Colima, Coahuila, Durango, Guanajuato, and Baja California Sur. It is Mexico's largest privately held supermarket chain. For years, 49% of the chain was owned by American supermarket chain Safeway Inc., which later went to Albertsons Companies, Inc. after it acquired Safeway in 2015. In 2018, Albertsons divested its 49% share to Tenedora CL del Noroeste, ending the company's international operations.
Bodega Aurrerá is a Mexican discount store owned by Walmart de México y Centroamérica. The chain was first established in 1970 in Mexico City. Though every Aurrerá store was converted into Walmart, both Aurrerá and Bodega Aurrerá names survived, the former as a product brand and the latter as a store.
Grupo Famsa is a Mexican retail company that owns Famsa department stores, the company was one of the most important retail stores in Mexico. In 2023, the company has operations in Texas with 21 stores and 21 personal loan branches.
The Punzo family contains two of the best known copper and silver smiths located in Santa Clara del Cobre, Michoacán, Mexico. The family descends from copper smith Carlos Punzo Córdoba. The two main smiths today are brothers Abdón Punzo Ángel and Ignacio Punzo Ángel, each of whom has his own workshop in which their sons and grandsons work and learn the craft of working copper and silver.
Salinas is a surname that has Spanish origin and is derived from the word "salina" meaning "saltworks" or "salt mine". Originating in Spain, it is a common surname in Spanish-speaking countries.
Totalplay is a Mexican telecommunication company owned by Grupo Salinas and operated by Grupo Totalplay, offers cable television, fiber optic internet and fixed telephony services in the Triple and Quadruple play market.
Roberto Salinas Price was a Mexican author and amateur scholar of Homer.
Salinas y Rocha was a chain of Mexican department stores primarily selling appliances.
Waldo's is a privately held company operating three chains of retail stores. The namesake chain Waldo's consists of more than 800 discount stores across Mexico as of May 2023, with a merchandise selection similar to that of a dollar store in the United States, although without focusing on a specific single price point. Most products are priced between 9.99 and 29.99 pesos, about US$0.60 to US$1.75 as of December 2023.
Grupo Cifra or Grupo Aurrerá-Cifra was a Mexican company, owned by Jerónimo Arango and his brother Manuel Arango, founded in 1986, whose main component businesses were supermarket chains Aurrerá and Superama, restaurant chains VIPS and El Portón, department storesSuburbia and others such as El Gran Bazar, BONS, Fratti and Bon Savor. The Group ceased to exist in 2000 as it became part of Walmart.