Hugo Salinas Price | |
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![]() Hugo Salinas Price in 2009 | |
Born | |
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 Sanborns is a retailing arm of the Carlos Slim-run Grupo Carso that includes the namesake Sanborns restaurant and junior department store chain, Mixup music stores, iShop electronics stores, Sears department stores in Mexico, and until October 2023, Mexico's sole Saks Fifth Avenue store.
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.
Grupo Elektra is a Mexican financial and retailing corporation established by Hugo Salinas Price. The company has operations in Latin America and is the largest non-bank provider of cash advance services in the United States.
Seguros Azteca is a Mexican life insurance company owned by Grupo Salinas since 2003. The chief executive officer (CEO) is Alfredo Honsberg.
Sears Operadora México, S.A. de C.V. is a department store chain located in Mexico, operating 92 stores all over Mexico as of 2022. Sears México is operated by Grupo Sanborns, a division of Grupo Carso.
El Palacio de Hierro (operated by the corporation Grupo El Palacio de Hierro S.A.B. de C.V.; 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. 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, 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.
Telepizza is a Spanish multinational pizza restaurant chain. As of 2017 it is the largest pizza chain not originating in North America by number of stores.
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.
Traditional metal working in Mexico dates from the Mesoamerican period with metals such as gold, silver and copper. Other metals were mined and worked starting in the colonial period. The working of gold and silver, especially for jewelry, initially declined after the Spanish conquest of the Aztec Empire. However, during the colonial period, the working of metals rose again and took on much of the character traditional goods still have. Today, important metal products include those from silver, gold, copper, iron, tin and more made into jewelry, household objects, furniture, pots, decorative objects, toys and more. Important metal working centers include Taxco for silver, Santa Clara del Cobre for copper, Celaya for tin and Zacatecas for wrought iron.
Salinas is a surname that originated in Spain. Notable people with the surname include:
This article lists events occurring in Mexico during the year 2021. The article lists the most important political leaders during the year at both federal and state levels and will include a brief year-end summary of major social and economic issues. Cultural events, including major sporting events, are also listed. For a more expansive list of political events, see 2021 in Mexican politics and government.
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.