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 BAL manager (Afore, the Mexican equivalent of a 401(k)) of Mexican workers . The company is the fourth largest sector and the only one that isn't backed by a financial group. It is a brokerage born in 1979, offering specialized products and services for investment in the Mexican market. Grupo BAL Grupo BAL is a cluster of Mexican companies in various sectors of the economy. Its president is Alberto Gonzalez Baillères, the second richest man in Mexico in 2013, according to "Forbes". The conglomerate is involved in sectors such as trade, Metallurgy, Financial, Insurance, Pension Administration, Agribusiness, Health and Music .