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
Carlos Slim Movil purchased 30 percent of the team along with transmission rights as Slim doesn't have the rights to transmit content by broadcast television or cable TV as well as putting him in competition with Televisa and TV Azteca, two television companies with rights to the rest of Mexican soccer's first division. In 2013 Slim's company, Grupo Carso opened Mexico City's Telcel Theater, which operates in conjunction with his entertainment company, Grupo CIE (Corporación Interamericana de Entretenimiento), Mexico's equivalent of Live Nation. In April 2013 Slim entered the business of managing Mexican prisons to expand the investments of his construction-finance company.