Is Coppel a public company?

Although Coppel began listing its common stock on Mexico’s stock exchange in 1988, it remained almost totally a family-owned firm, which reincorporated in 1992 as Coppel, S.A. de C.V.

What is Coppel worth?

Through their holding company, Grupo Coppel, the brothers – Agustin, Enrique, Ruben, Alberto, and Jose Coppel Luken – also have interests in a bank, a retirement-fund manager, and real estate. Together, they control a combined fortune worth $15.9 billion, according to the Bloomberg Billionaires Index.

Is Coppel a bank?

MEXICO CITY, May 21 (Reuters) – Retailer Coppel ALMACO2.MX opened a retail bank on Monday aimed at allowing poorer Mexicans to save, own a credit card and take out loans, becoming the latest store chain to move into banking in Mexico.

Is BanCoppel the same as Coppel?

Established in 2006, BanCoppel is the banking arm of the hugely popular Coppel department store chain. It’s known for providing easier access to credit to low-income customers, so it’s no wonder that its banking services have attracted loyal followers.

How much are the Coppel brothers in Mexico worth?

Agustin, the youngest Coppel brother, is worth $2.7 billion, while Enrique, the oldest, is worth $4 billion. Jose and Alberto are both worth around $3 billion, while Ruben’s fortune is $3.2 billion. The retailer had the equivalent of $2 billion in outstanding loans to customers at the end of the third quarter.

How much money does the Coppel family have?

The family’s retirement-fund unit, Afore Coppel SA, managed at least 60 billion pesos as of September and charged an annual fee of 1.59 percent, according to data from the Mexican retirement-fund agency, known as Consar.

What is the profit margin of Coppel brothers?

Coppel’s 20 percent Ebitda margin and 14 percent profit margin are the biggest of any Latin American retailer with a market value of at least $1 billion, data compiled by Bloomberg show.

What kind of products does Coppel SA de CV make?

Coppel SA de CV The Company offers electronic appliances, furniture, dining, kitchen, bedroom, clothings, personal care, and automotive products. Coppel serves customers in Mexico and Argentina.