Grupo BAL is a
cluster
may refer to:
Science and technology Astronomy
* Cluster (spacecraft), constellation of four European Space Agency spacecraft
* Asteroid cluster, a small asteroid family
* Cluster II (spacecraft), a European Space Agency mission to study t ...
of Mexican companies in various sectors of the economy. Its president was
Alberto Gonzalez Baillères
Alberto is the Romance version of the Latinized form (''Albertus'') of Germanic ''Albert''. It is used in Italian, Portuguese and Spanish. The diminutive forms are ''Albertito'' in Spain or ''Albertico'' in some parts of Latin America, Albertin ...
,the second richest man in Mexico in 2013, according to ''
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
''. Gonzalez's son
Alejandro Baillères
Alejandro Baillères Gual (born May 1960) is a Mexican businessman, the CEO of Grupo Nacional Provincial, and the son of the billionaire Alberto Baillères.
Alejandro Baillères was born in May 1960. He has a degree from Stanford University.
...
has been president since 2022.
The conglomerate is involved in Mexican sectors such as trade, energy, metallurgy, finance, insurance, pensions, investments, agriculture, health care, and music.
Member companies
Grupo Nacional Provincial (GNP) is the largest insurance company in Mexico, with more than 20% of the market share in the country. It is the only insurance company with 100% domestically based capital. It is also perhaps the oldest domestically-based insurance company in Mexico, having existed since at least the early 20th century.
Born from GNP, Profuturo is a retirement fund manager.
Afore
Retirement Funds Administrators ( es, Administradoras de Fondos para el Retiro, abbreviated AFORE) are companies authorized to manage individual retirement accounts as authorized by the Ministry of Finance and Public Credit of Mexico and overseen b ...
is the Mexican equivalent of a
401(k)
In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodical employee contributions come directly out of their ...
) of Mexican workers. The company is the fourth largest sector and the only one that isn't backed by a financial group.
El Palacio de Hierro
El Palacio de Hierro (officially ''El Palacio de Hierro S.A. de C.V.''; en, The Iron Palace) is an upscale chain of department stores in Mexico. Its flagship store in Polanco, Mexico City, reopened in 2016 after an extensive renovation of US$300 ...
is a department store chain that points to the most affluent market in Mexico, with international brands, many of which operate exclusively as
Hermès
Hermès International S.A., or simply Hermès ( , ), is a French luxury design house established in 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Its logo, since ...
,
Burberry
Burberry is a British luxury fashion house established in 1856 by Thomas Burberry headquartered in London, England. It currently designs and distributes ready to wear, including trench coats (for which it is most famous), leather accessories, ...
, and
Adolfo Domínguez
Adolfo Domínguez Fernández (, born on 14 May, 1950) is a Spanish fashion designer. In 2014, he won the National Designer Prize. Dominguez studied Philosophy and Arts, specialising in Art at Santiago University.
Fashion business
He took over ...
, among others. Founded in 1891 by a French businessman, it became the first department store in Mexico. The retail chain joined Grupo Bal in 1963. In addition to the operating department stores, of which there are nine locations, the group has diversified into the restaurant industry, design, travel, spa and boutique clothing brands.
The
Autonomous Technological Institute of Mexico was founded on March 29, 1946 by the Mexican Association of Culture bringing together an outstanding group of bankers, industrialists and businessmen, led by
Raúl Baillères, in order to make higher education the engine of industrial and economic change in Mexico.
Peñoles
Peñoles is a subsidiary company owned by Grupo BAL. Peñoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production. Peñoles is a company with active mines wit ...
is a company in the mining and metallurgical operations in Latin America. It is the world's largest producer of refined silver and bismuth and Latin America's largest producer of lead and zinc.
VALMEX is a brokerage firm established in 1979. It offers specialized products and services for investment in the Mexican market.
References
{{reflist
External links
Conglomerate companies of Mexico