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Sears Mexico is under the control of Carlos Slim
A few days ago, it was reported that Sears had declared bankruptcy in the United States, which also announced the closure of the company. more stores than expected during this period. In 2018, some people began to worry about the situation of the ministerial channel in Mexico.
Grupo Carso, owned by Carlos Slim, announced that Sears stores in Mexico were operated by Grupo Sanborns . Sears Reebok of Mexico SA de CV, for which they are not concerned by this filing for bankruptcy in the United States.
In a statement, adds the following:
"Sears in Mexico has no connection with the United States and its finances are so healthy that this year three new divisions have been opened and six have been reorganized "
Previously, Sears Holdings of the United States was the owner of Sears Mexico, but it is in 2016 that Grupo Sanborns acquired an additional 14% interest in Sears Holdings, then owned a total of 99% of the company's badets, leaving only 1% to the American firm for commercial purposes.
Thus Sears Mexico will have no problem to continue its activities. in dozens of department stores, while in the US, the chain is in crisis and waiting for a response from the bankruptcy project.
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