Grupo Sanborns S.A. de C.V. is a retailing arm of the

Carlos Slim Carlos Slim Helú (; born 28 January 1940) is a Mexican business oligarch, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by ''Forbes'' business magazine. He derived his fortune from his e ...

-run

Grupo Carso Grupo Carso S.A.B. de C.V. is a Mexican global conglomerate company owned by Carlos Slim. It was formed in 1990 after the merger of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim ...

that includes the namesake Sanborns restaurant and

junior department store A junior department store in North America is a type of retailer that experienced growth from the late 1930s through the 1960s, but is no longer common today, as retail moved increasingly towards discount stores like Walmart and Target, and big ...

chain, Mixup music stores, iShop

Apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...

/electronics stores,

Sears Sears, Roebuck and Co., commonly known as Sears ( ), is an American chain of department stores and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosen ...

department stores in Mexico, and until October 2023, Mexico's sole

Saks Fifth Avenue Saks Fifth Avenue (Colloquialism, colloquially Saks) is an American Luxury goods, luxury department store chain founded in 1867 by Andrew Saks. The first store opened in the F Street and 7th Street shopping districts, F Street shopping distric ...

store. As of 2021, the group sales were 53 billion

Mexican pesos The Mexican peso (Currency symbol, symbol: $; ISO 4217, currency code: MXN; also abbreviated Mex$ to distinguish it from peso, other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official curre ...

, equivalent to around US$2.6 billion. It operated in 62 metropolitan areas and towns across the country, with formats including: * 197 Sanborns restaurant-and-retail stores and Sanborns Cafés (stand-alone restaurants) * 141 Mixup (music/video) and iShop (official Apple reseller) stores (usually located next to each other) * 97

full-line, mid-range department stores It is headed up by Patricio Slim Domit, son of

Divisions

As of end of 2020, there are the following divisions: *Sears *Sanborns, see below *iShopMixup *Other formats, see below

Sanborns division

The Sanborns division as of December 2020 included:“Formatos”, Grupo Sanborns, accessed 12 January 2024
/ref> * Sanborns junior department stores-and-restaurants *Sanborns Home&Fashion stores *Sanborns Café restaurants *

DAX The DAX (''Deutscher Aktienindex'' (German stock index); ) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index. Prices are taken from the Xetra t ...

cosmetics and variety stores *Two

stores in Mexico City (both since closed, see

Timeline of Saks Fifth Avenue branches This article details the opening dates of Saks and Co. and Saks Fifth Avenue locations, providing insight into the historic and geographic expansion of the retailer. *Stores opened after 1924 are Saks Fifth Avenue branches except 3 Saks-34th branc ...

"Other formats" division

*Two shopping malls, Plaza Loreto and Plaza Inbursa *One Sears store in El Salvador *ClaroShop e-commerce portal Formerly included *Three Boutiques * Three Sanborns stores in Central America (now closed)

Sanborns

iShop

A chain of consumer electronics stores focusing on

computers, smartphones and accessories. Certified Apple Premium reseller.

Mixup

A chain of music stores across Mexico, often as joint Mixup/iShop stores.

Sears Mexico

DAX

Defunct group businesses

Saks Fifth Avenue

From 2007 until 2023, the group operated the only

stores in Mexico, both in

Mexico City Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and finan ...

, one at

Plaza Carso Plaza Carso is a large mixed-use development in the Nuevo Polanco area of Miguel Hidalgo, Mexico City, backed by billionaire Carlos Slim. The total cost of the complex is quoted between US$800 million and 1.4 billion. The complex claims to be the ...

mall in

Nuevo Polanco Nuevo Polanco (English, "New Polanco") is an area of Mexico City formerly consisting of warehouses and factories, bordering the upscale Polanco on the north across Avenida Ejército Nacional. Officially it consists of two '' colonias'', Granada an ...

from 2010 to 2020, the other at Centro Santa Fe from 2007 to 2023. Deciding not to renew its Saks franchise, the group will convert it to a

. Title: Carlos Slim se despide de Saks Fifth Avenue en México
/ref>

References

External links

Grupo Sanborns Official Site
{{Walgreens Boots Alliance * Grupo Carso Retail companies of Mexico Conglomerate companies of Mexico Pharmacies of Mexico Restaurant chains in Mexico Retail companies established in 1903 1903 establishments in Mexico 1999 initial public offerings Economic history of Mexico Carlos Slim Sanborns Companies formerly listed on the Mexican Stock Exchange