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 Cisneros of his sons. In February 1970, Ricardo José Cisneros became Chief Operating Officer of Cisneros, and in March 1970, Gustavo Cisneros, only recently graduating from college, assumed the position of Chairman and Chief Executive Officer of Grupo Cisneros. In 1992, as part of a consortium of American businessman Jerry Perenchio, Mexican entrepreneur Emilio Azcárraga Milmo, and Grupo Cisneros bought Univision for $500 million. Grupo Cisneros held a 25% stake in Univision and 12.5% stake in the Univision station group. The consortium ended up selling Univision for $13.7 billion in 2007. In 1995, Grupo Cisneros partnered with Hughes Electronics Corporation to