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Elektra (stores)
Elektra is a Mexican retail chain founded in 1950 by Hugo Salinas Price in Mexico City. The company is part of Grupo Elektra and has nearly 1,300 locations across Mexico, Guatemala, and Honduras. Elektra offers a variety of products, including household appliances, computer systems, consumer electronics, mobile phones, motorcycles, furniture, toys, and money transfer services. History Origins The company was founded in 1950 by businessman Hugo Salinas Price as a small appliance store in Monterrey, Nuevo León. Elektra became the first company to produce televisions for the Mexican market. Later, it introduced a monthly-payment plan as part of its service offerings. In 1956, the company opened its first retail store. Over time, new locations for public access began to open, and additional products like furniture and home accessories were added to its catalog. Due to the decrease of wholesale sale, the company shifted its focus to a retail model. Expansion After applying ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Azteca
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 has more than four thousand points of contact in Mexico, the United States and Central America. History Early years and the 2000s In 2002, Mexican businessman Ricardo Salinas Pliego decided to create a banking institution focused on the country's underbanked segment. A year earlier, he had applied to the Ministry of Finance and Public Credit for an operating license, which was finally granted in March 2002. Banco Azteca officially began operations on 30 October of that year. The instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Of Mexico
Retail is the sale of goods and Service (economics), services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturing, manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a Profit (accounting), profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar store, bricks and mortar and Online shopping, online retailing. Digital technologies are also affecting the way that co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fundación Azteca
Fundación Azteca is a Mexican non-profit organization that promotes social responsibility founded in 1997 and owned by Grupo Salinas. It attempts to match social needs with organizations or individual willing to commit to satisfy them. Its chief executive officer (CEO) is Esteban Moctezuma, former cabinet member during the presidency of Ernesto Zedillo. Fundación Azteca has organized education, health, environment and sports programs. I has also collaborated with other organizations, private companies and individuals as a medium of awareness of their projects. This organization is registered with manosalaobra.org, a registry of more than 450 non-profit social organizations. Fundación Azteca has awarded 12,900 scholarships for low-income secondary and high school students through its educational project Plantel Azteca. Programs Juguetón More than 13 million toys have also be given to children through the annual '' Juguetón'' ("Toy marathon"). A Quien Corresponda The T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of ''human rights'', ''labour'', ''the environment'' and ''anti-corruption''. The declared objectives of the participants and stakeholders are to "mainstream the ten principles in business activities around the world" and to "catalyse actions in s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Salinas
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. History The origin of Grupo Salinas begins with a store called "Salinas y Rocha" founded in 1906 in Monterrey. In 1950, Grupo Elektra began as a radio factory. Two years later, the company began manufacturing television sets and increased its workforce to 70 employees. Elektra began selling products directly to consumers in 1954. In 1957, Elektra retail stores incorporated credit programs. By 1968, Elektra had 12 stores in the region and by 1987, 59 stores. Elektra Group was listed on the Bolsa Mexicana de Valores, the Mexican Stock Exchange, in 1993. In 1993, Grupo Elektra bought the Imevisión government television network and renamed it as TV Azteca. The network went public with an initial public off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expansión (Spanish Newspaper)
is a Spanish economic and business newspaper published in Madrid, Spain. History and profile was established in May 1986. The paper is published in tabloid format and is owned by Unidad Editorial, which is in turn controlled by RCS MediaGroup. Its sister newspapers are and . used to be part of the British group Pearson, which had a share of 39% in the paper during the late 1990s. During this period, the publisher was Ârea Editorial. The headquarters of is in Madrid. The paper was awarded by the Society for News Design A society () is a group of individuals involved in persistent social interaction or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. ... (SND) the World's Best Designed Newspaper™ for 1994. It celebrated its 25th anniversary in September 2011 with an event led by Prince Felipe and Princess Letizia. Circulation and readership The circulat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salinas Y Rocha
Salinas y Rocha (acronym: SYR) was a chain of Mexican department stores primarily selling appliances. The history of the Salinas y Rocha chain dates back to 1906, when 22-year-old Benjamín Ricardo Salinas Westrup, a young entrepreneur from Monterrey, and his brother-in-law Joel Rocha decided to create "Benjamín Salinas y Compañía", manufacturing brass and iron beds and wooden furniture. Due to the Mexican Revolution the factory had to closed but in the 1920s, the company resurfaced. In downtown Monterrey, on Padre Mier Street near the corner of Zaragoza, they open the first Salinas y Rocha store. The strategy was to sell a lot, in small installments, with small profits. A few years later, the firm began its first expansion plan with the manufacturing of mattresses, and some time later, it implemented a new formula in the country: sales on credit: allowing customers to pay for the merchandise in installments. Salinas y Rocha and later the Elektra chain that emerged from it, beco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Elektra
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. Grupo Elektra's commercial division includes Elektra, Italika, and Salinas y Rocha, while its financial division comprises '' Banco Azteca, Seguros Azteca, Punto Casa de Bolsa, Purpose Financial'', and ''Afore Azteca''''.'' Also, Elektra is listed on the Bolsa Mexicana de Valores and on the Spanish Stock Market Latibex (XEKT). History The origins of ''Grupo Elektra'' date back to 1950, when entrepreneur Hugo Salinas Price launched a small appliance store in Monterrey, Nuevo León. Although the company initially specialized in radio equipment, over time it added other products to its catalog, such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italika
''Comercializadora de Motocicletas de Calidad, S.A. de C.V''., commonly known as ''Italika'', is a Mexican motorcycle brand established on November 1, 2004, by Ricardo Salinas Pliego. ''Italika'' operates two assembly plants —one in Tlalpan, Mexico City, and another in Toluca, State of Mexico—and distributes products across Mexico, Guatemala, and Honduras. With over eight million customers, ''Italika'' is the top-selling motorcycle brand in Mexico. The company markets its products through Elektra stores, ''Elektra'' stores, its own agencies, self-service channels, ''Elektra Motos'' stores, official distributors and its online platform. ''Italika'' offers a diverse range of product lines and models, and in 2016, launched ''Italika Racing'', a platform dedicated to promoting new talent in motorcycling sports. History ''Italika'' began operations in 2004 under the initiative of businessman Ricardo Salinas Pliego. In 2008, it established an assembly plant in Toluca, State of Mex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexico
Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundary, maritime boundaries with the Pacific Ocean to the west, the Caribbean Sea to the southeast, and the Gulf of Mexico to the east. Mexico covers 1,972,550 km2 (761,610 sq mi), and is the List of countries by area, thirteenth-largest country in the world by land area. With a population exceeding 130 million, Mexico is the List of countries by population, tenth-most populous country in the world and is home to the Hispanophone#Countries, largest number of native Spanish speakers. Mexico City is the capital and List of cities in Mexico, largest city, which ranks among the List of cities by population, most populous metropolitan areas in the world. Human presence in Mexico dates back to at least 8,000 BC. Mesoamerica, considered a cradle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
