Sears (Mexico) to St. Thomas, U.S. Virgin Islands where he supervised the business expansion of the islands. From 1955 to 1993, Sears opened stores throughout Mexico. On April 2, 1997, Sears, now owned by Sears Holdings, formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which Sears agreed to sell 85% of its share of Sears Mexico to Grupo Carso, until 1997. As of 2007, Grupo Carso owned a 100% share of the company. Even though Sears unveiled a new lowercase logo in the United States in 2010, Sears Mexico still retains the pre-2004 logo (in
Grupo México Grupo México Grupo México is the largest mining corporation in Mexico and the third largest copper producer in the world through ASARCO. Ferrocarril Mexicano (Ferromex), the company's rail transport division, operates the nation's largest rail fleet. The company was founded by Raul Antonio Escobedo and Larrea Mota Velasco in 1978. After the government of Carlos Salinas declared the state mining company bankrupt, Larrea purchased key Mexican copper mines in Cananea and Nacozari (cities in the state of Sonora). He also purchased numerous other mining sites, including coal mines in the state of Coahuila. By 2000, Grupo México was responsible for