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El Puerto de Liverpool

From Wikipedia, the free encyclopedia
For the Mexican department store chain owned by El Puerto de Liverpool group, see Liverpool (department store).
El Puerto de Liverpool, El Puerto de Liverpool, S.A.B. de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: LIVEPOL
IndustryDepartment stores, financial services, shopping centers
Founded1847; 177 years ago (1847)
FounderJean Baptiste Ebrard
HeadquartersSanta Fe, Mexico City,
Mexico City
,
Mexico
Number of locations
124 (Liverpool), 179 (Suburbia), 112 fashion brand stores, 28 shopping malls[1] (2022)
Area served
Mexico
Key people
Jorge Salgado (CEO)
ProductsClothing and accessories, shoes, perfume, cosmetics, jewelry, home furnishings, sporting goods, specialty foods
BrandsLiverpool, Suburbia, Galerías, franchisee of GAP, Banana Republic, Sfera, Punt Roma, MAC, Kiehl’s, NYX, Urban Decay, Pottery Barn, West Elm, Williams Sonoma[1]
ServicesRevolving credit for retail customers, insurance, rental of stores in malls, in-store services e.g. travel agencies
RevenueIncrease 176,033,720,000 MXN (Mexican pesos, ca. 9.14 billion USD) (2022)
25,515,379,000 MXN, ca. 1.32 billion USD
Increase 17,397,239,000 MXN, ca. 903 million USD (2022)
Total assets94,546,550,000 MXN, ca. 4.91 billion USD (2022)
Number of employees
76,976 (2022)
Divisionscommercial/retail, financial, real estate
Websiteelpuertodeliverpool.mx

El Puerto de Liverpool (officially S.A.B. de Liverpool, S.A.B. de C.V.) is a Mexican company that consists of commercial, financial, and real estate operations.

  • The commercial area operates two chains of department stores: Liverpool and Suburbia, freestanding retail stores of multiple fashion brands, and the Arco Norte logistics center, under construction.
  • The financial group offers insurance as well as credit to customers of the two department store chains.
  • The real estate group operates shopping malls , all but one (Perisur) branded Galerías.[1]

The company is listed on the Mexican Stock Exchange (BMV: LIVEPOL).

El Puerto de Liverpool holds an (as of December 2023) US$246 million, 9.745% stake in U.S. retailer Nordstrom (NYSE: JWN), and a 50% stake in El Salvador-based Unicomer Group, which operates retail chains in 26 Latin American countries.[1]

The Group's headquarters are in Santa Fe, a suburb and a main business center in Mexico City.[2]

History

[edit]
See also: Liverpool (department store) § History
  • 1944 El Puerto de Liverpool group was legally established as a public limited company, S.A. de C.V.[3]
  • By 1965 listed on the Mexican Stock Exchange[3]
  • 1980: opened the Perisur shopping center and warehouse, the first shopping center the group owns[3]
  • 1988: purchases the Fábricas de Francia department store with eight stores[3]
  • 1992: opened its second distribution and receiving center: Bodega Tultitlán, with a motor transport network of 135 trucks at that time. It also inaugurates the Galerías Coapa and Galerías Insurgentes shopping centers with their respective warehouses. The systems development center is installed.[3]
  • 1997: bought the Comercial Las Galas department store from Tiendas Chedraui, which it converted into Fábricas de Francia stores.[3]
  • 1999: bought 11 stores from the Salinas y Rocha appliance store chain[4]
  • 2006: changed from a S.A. de C.V. to an S.A.B. de C.V., to comply with the provisions of the Securities Market Law of June 28, 2006[3]
  • 2007: partnered with El Corte Inglés group's clothing retailer Sfera to launch dozens of Sfera stores across Mexico[5]
  • 2015: partnered with U.S. retailer Williams-Sonoma to bring its brands Williams-Sonoma, Pottery Barn and West Elm to Mexico in stores run by El Puerto de Liverpool group[6] Giving customers the option to purchase goods and services in these boutiques using their cards (DILISA) and (Livertu Universitarios). This association will extend for a period of 10 years.[7]
  • August 2016: Liverpool bought the Suburbia department store chain from Walmart Mexico for around 15.7 billion pesos (about $840 million at that time).
  • September 2018: announced conversion of 38 of the 41 Fábricas de Francia stores to Liverpool or Suburbia formats, and permanently close the other 3, thus sunsetting the 140-year-old brand.[8]

References

[edit]
  1. ^ a b c d "Liverpool - 2022 Integrated Annual Report - About El Puerto de Liverpool". www.elpuertodeliverpool.mx. Retrieved 7 December 2023.
  2. ^ "Annual Report 2013 Archived 2014-05-27 at the Wayback Machine" (Archive). Liverpool. p. 28 (32/66). Retrieved on May 27, 2014. "The Company’s domicile and main place of business is: Mario Pani 200 Col. Santa Fe , Cuajimalpa México, D.F"
  3. ^ a b c d e f g "El Puerto de Liverpool: Investor Relations- "History"". www.elpuertodeliverpool.mx. El Puerto de Liverpool. Retrieved 13 December 2023.
  4. ^ "Annual Report 2015" (PDF). Reforma. El Puerto de Liverpool group. Retrieved 13 December 2023.
  5. ^ El-Corte-Ingles-and-Liverpool-sign-an-agreement-to-open-Sfera-in-Mexico.html El Corte Inglés and Liverpool sign an agreement to open Sfera in Mexico. El Economista, March 16, 2007 .
  6. ^ Williams-Sonoma, Inc., announces the opening of its first franchise in Mexico . Communiqué. October 21, 2015
  7. ^ -sonoma Liverpool will open 13 Williams-Sonoma stores El Universal. October 21, 2015.
  8. ^ mx/opinion/de-jefes/max-david-michel's-bet-in-suburbia Max David Michel's bet in Suburbia. El Financiero. November 12, 2018.
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