Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Grupo Elektra


Related Topics

In the News (Sun 27 Dec 09)

  
  Grupo Elektra   (Site not responding. Last check: 2007-09-08)
Grupo Elektra, S.A. de C.V. (BMV: ELEKTRA*; Latibex: XEKT) is Latin America 's leading specialty retailer and financial services company, serving the mass market by providing consumer credit.
Grupo Elektra is divided mainly in two divisions: retail and financial.
Grupo Elektra's financial division only operates in Mexico and Panama and includes Banco Azteca, a bank that offers financial services to Mexico 's mass market; Afore Azteca, a retirement fund manager; Seguros Azteca, a insurance company; and Circulo de Crédito, the new credit information bureau for individuals in Mexico.
www.grupoelektra.com.mx /elektra/English   (165 words)

  
 IDB - News - Entrepreneurial seedbed   (Site not responding. Last check: 2007-09-08)
The program base is the Mexican chain Elektra, which has been in business for 54 years and has more than 1,000 shops in Latin America.
Elektra sells radios, TV sets and other inexpensive electrical appliances.
Keeping in mind that credit is not enough, Grupo Salinas has created the Empresariado Azteca Association, which grants medical and legal consultancy, training, saving accounts, discounts in affiliated shops that supply domestic goods from groceries to electrical appliances, and help in accessing the benefits of the Seguro Popular de Salud, the state’s health program.
www.iadb.org /NEWS/display/WSView.cfm?WS_Num=ws03005&Language=English   (588 words)

  
 Grupo Elektra Announces Record EBITDA of Ps. 1.0 Billion for 1Q05, up 19% YoY
Risks that may affect Grupo Elektra are identified in its Form 20- F and other filings with the US Securities and Exchange Commission.
Grupo Elektra - Tradition with Vision Grupo Elektra is Latin America's leading specialty retailer, consumer finance and banking services company.
Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through its more than 1,440 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/04-21-2005/0003442452&EDATE=   (2690 words)

  
 Fitch IBCA Ratings - Press Releases - Elektra's Monetization of TV Azteca Investment a Potential Credit Pos
CASA is expected to fund the transaction on a non-recourse basis to Elektra, both directly and indirectly, and is a key factor in the ultimate level of improvement of Elektra's credit fundamentals.
Elektra is planning to accelerate the pace of new store openings over the next few years, following a period of moderate growth that focused on remodeling and updating existing new stores.
Fitch believes this risk is diminishing as Elektra continues to take steps to ensure its independence, including the formation of an independent board, the introduction of new corporate governance procedures, and most recently the announcement that it will divest its investment in TV Azteca.
www.bradynet.com /acrobat/951237.html   (490 words)

  
 Forbes.com: CORRECTED - New debt structure at Mexico Elektra sparks debate   (Site not responding. Last check: 2007-09-08)
Grupo Elektra, a retailer that specializes in selling refrigerators and stereos on credit to Mexico's poor, took its for-the-masses business strategy a step further last October when it launched Banco Azteca, providing banking services to low-income clients the big banks have ignored.
Elektra jump-started its bank with the opening of 850 branches late last year, mostly at existing retail store locations and now boasts close to 1.6 million clients.
Elektra in March prepaid $105.6 million of a $130 million syndicated loan and $16 million in euro-denominated commercial paper.
www.forbes.com /newswire/2003/06/03/rtr990119.html   (679 words)

  
 [No title]
Grupo Elektra also does a thriving business in financial services, offering consumer credit, savings accounts and home-mortgage servicing.
Grupo Elektra was out to replace a manual, paper-intensive process with an automated system.
Grupo Elektra sells through two internet portals, one for electronics and home appliances, and the other for apparel.
www.supplychainbrain.com /archives/7.01.grupoelektra.htm?adcode=5   (645 words)

  
 Case Study: Banco Azteca
Banco Azteca’s branches are located inside Grupo Elektra stores, where the parent has long offered installment-plan financing for merchandise purchases and boasts a database with the credit records of 3 million customers.
Elektra has a half-century’s experience dealing with small transactions, and Banco Azteca will adapt this tradition as a strategy for reaching middle- to lower-income customers with minimum family incomes of $250 per month.
Elektra’s installment financing typically extends over a year, so weekly payments on purchases of appliances like stoves and refrigerators can be as low as $15.
www.accenture.com /Global/Research_and_Insights/Outlook/By_Alphabet/CaseAzteca.htm   (1423 words)

  
 LLOYD MEXICO ECONOMIC REPORT - APRIL 1999 - ON MEXICO CONNECT
Grupo Elektra, the largest specialty retailer in Latin America, has acquired a 94.3% stake in Grupo SyR for 78 million dollars.
Elektra specializes in electronics, household appliances and furniture, serving customers through a network of more than 800 stores in 291 cities in Mexico and elsewhere in Latin America.
Elektra is expected to sell off the 10 department stores and concentrate on making the remaining Salinas y Rocha outlets profitable, investing 50 million dollars in upgrades, training and operating systems.
www.mexconnect.com /MEX/lloyds/llydeco0499.html   (1886 words)

  
 Info and facts on 'List of Mexican companies'   (Site not responding. Last check: 2007-09-08)
Consorcio G Grupo Dina, S.A. de C.V., (Diesel Nacional (additional info and facts about Diesel Nacional)), diesel trucks and busses
Elektra (additional info and facts about Elektra) retail stores
Grupo Modelo (additional info and facts about Grupo Modelo), beer company
www.absoluteastronomy.com /encyclopedia/l/li/list_of_mexican_companies.htm   (188 words)

  
 IBM case study on Elektra   (Site not responding. Last check: 2007-09-08)
Elektra knew it needed to become more responsive to its buyers, financial planners and marketing staff in order to help them deal with competition, fluctuating currency values, wholesale prices and other environmental factors as they arose.
Elektra’s business applications--as well as the company’s JDA retail handling and distribution systems and SAP financial solutions--are accessible through a common interface managed by IBM WebSphere® Portal Experience.
Elektra’s scalable front-end platform is supported by back-end integration that channels all processes into a central database.
www-306.ibm.com /software/success/cssdb.nsf/cs/navo-5lf38j?opendocument&site=igsww   (1489 words)

  
 Grupo Elektra S.A. de C.V. stock - The gift of a single share.   (Site not responding. Last check: 2007-09-08)
Grupo Elektra S.A. de C.V. stock - The gift of a single share.
Grupo Elektra S.A. de C.V. is a specialty retailing group operating in Mexico Peru, El Salvador, Guatemala, Honduras and the Dominican Republic.
The traditional Elektra and MegaElektra stores sell brand name consumer electronics, white goods, small appliances and furniture targeting low and middle income segments of the Mexican and Latin American population.
www.singleshare.com /stocks/ekt.shtml   (166 words)

  
 Ricardo Salinas Pliego - Wikipedia, the free encyclopedia
He serves as President and CEO of Grupo Salinas and Grupo Elektra, two holdings with interests vested in telecommunications, media and retail stores, among those TV Azteca, Elektra, Iusacell, Unefon and Banco Azteca.
Salinas Pliego has a degree in Accountancy (with Honors) from the Monterrey Institute of Technology and Higher Studies (1977) and a Masters in Business Administration from Tulane University (1979).
Before joining Grupo Elektra he worked at Arthur Andersen.
en.wikipedia.org /wiki/Ricardo_Salinas_Pliego   (158 words)

  
 Bloomberg.com: Latin America
Grupo Elektra SA (ELEKTRA* MM): Mexico's largest electronics retailer by number of stores, sold 2.6 billion ($237 million) of four-year peso bonds to pay off higher-cost dollar debt and save about $40 million on interest expense.
Elektra said it will use the proceeds and its own cash to pay $275 million of bonds maturing in 2008 that pay interest of 12 percent.
Grupo Financiero BBVA Bancomer SA (GFBBB MM): Spain's Banco Bilbao Vizacaya Argentaria SA is expected to say on Monday whether it managed to carry out the purchase of the 41 percent stake it didn't own in Mexican biggest bank.
quote.bloomberg.com /apps/news?pid=10000086&sid=aGfnwL7GqoXM&refer=latin_america   (658 words)

  
 El Universal Online
Grupo Elektra SA, the nation's biggest electronics retailer, expanded its banking unit to Panama to offer credit to customers outside its home market.
Elektra invested US10 million to open the Panamanian bank, the company's first outside Mexico, and plans to invest another US2 million this year, the company said in a statement to the stock exchange.
Elektra, controlled by businessman Ricardo Salinas Pliego, is the nation's No. 1 electronics retailer by number of stores, with about 1,000.
www2.eluniversal.com.mx /pls/impreso/noticia.html?id_nota=9677&tabla=miami   (284 words)

  
 News
Elektra sells the PC Elektra, a complete, affordable computer system pre-loaded with LindowsEspanol (www.lindows.com/espanol), at a price point accessible for record numbers of Mexican consumers.
Elektra, who offers financial services as well, makes every effort to put computers in homes all over Mexico by offering these different pricing structures.
Elektra also recognizes that using Linux on the desktop saves hundreds of dollars for their customers as opposed to selling them Microsoft- bundled hardware.
www.linspire.com /lindows_news_pressreleases_archives.php?id=96   (888 words)

  
 Business News   (Site not responding. Last check: 2007-09-08)
Grupo Financiero Serfin announced the successful conclusion of the Bank’s re-capitalisation process.
Grupo Elektra formed an alliance with Serfín in order to offer savings on products in most of the 200 Elektra stores.
Satmex, the Mexican satellite company owned by Grupo Autrey, is planning a $500 million bond issue to finance its expansion and operation programmes which include the launching of the new Morelos III Satellite.
www.embamex.co.uk /Update/1998/02/b_news.html   (360 words)

  
 IPC down, Bovespa soars - Dec. 20, 1999
An Elektra official said the huge trade of 28.6 million shares was not part of a company's repurchase plan.
Elektra closed 0.04 peso lower at 8.86 pesos and it ADRs retreated 1/16 to 9-9/16 on Wall Street.
     Industrial conglomerate Grupo IMSA was among the top percentage gainers as its UBC shares rose 0.76, or 4.65 percent, to 17.12 pesos on speculation about the company's plans to merge with steel producer Altos Hornos de Mexico, or Ahmsa.
money.cnn.com /1999/12/20/emerging_markets/americas   (1438 words)

  
 [No title]   (Site not responding. Last check: 2007-09-08)
This letter is to confirm that Grupo Elektra has worked with Lindows, Inc. for a version of LindowsEspanol 4.5 operating system, a distrubution of Linux for desktops pre-installed on computer systems and that they've provided our company with an excellent product, technical support and marketing.
Grupo Elektra conducted an evaluation of all the desktop Linux systems, and LindowsEspanol 4.5 was the clear choice given its ease of use, characteristics, functionality, and included software programs.
Elektra Group recommends Lindows, Inc. as a solid, respectable, and dependable company, as well as experts in their field.
info.lindows.com /demolinks/elektra.html   (169 words)

  
 Grupo Elektra Starts Banking Operations in Panama
"This is the first step for Grupo Elektra to start replicating in other countries our successful business strategy implemented in Mexico, which combines retailing with banking operations." In accordance with Panamanian regulation, Grupo Elektra has fully funded the US$10 million required capitalization.
Risks that may affect Grupo Elektra are identified in its Form 20-F and other filings with the US Securities and Exchange Commission.
Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through its more than 1,350 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/03-01-2005/0003110132&EDATE=   (707 words)

  
 News from Latin America - Aug. 18, 2000
Elektra works with Mexican financial group Bital, Bancomer and Serfin to enable the system.
Grupo Elektra launched Elektra.com in late May to sell consumer electronics, home appliances and entertainment products online.
Elektra's offline operations span some 600 stores in 320 Mexican cities.
money.cnn.com /2000/08/18/emerging_markets/bna_summary   (772 words)

  
 Dataflux Press Releases 1Q 2001   (Site not responding. Last check: 2007-09-08)
Grupo Elektra, S.A. de C.V. (BMV:ELEKTRA;NYSE:EKT), Latin America’s leading specialty retailer and consumer finance company, announced today the expansion of Todito-branded Internet kiosks to 660 Grupo Elektra stores located throughout Mexico.
The placement of Todito-branded kiosks in Grupo Elektra stores is part of the five-year strategic alliance signed between the two companies in May 2000, which also covers on-line promotion and e-commerce logistics and support.
Grupo Elektra Stores are currently one of the most important sales platforms for Todito Card.
www.dataflux.com.mx /finanzas/press20013q7.html   (617 words)

  
 TV Azteca Pulls Out of NYSE
TV Azteca, retail and consumer banking concern Grupo Elektra SA, and wireless phone company Grupo Iusacell SA, will delist their American Depositary Receipts.
Luis Nino de Rivera, vice chairman of Elektra unit Banco Azteca and spokesman for the Salinas Group, said TV Azteca shareholders voted almost unanimously in favor of delisting, while 91.5 percent of Elektra shareholders and 96.9 percent of Iusacell holders backed the proposals.
Elektra last year paid off the last of its dollar debt and plans to borrow exclusively in the Mexican market where corporate debt issuance has ballooned in recent years as a result of interest rate stability.
www.banderasnews.com /0506/nz-salinas.htm   (513 words)

  
 Corporate Communications - Vigo Money Transfer - recognized as the best international money transfer company in the ...
“We are very excited about our relationship with Grupo Elektra and its excellent retail network coverage in Guatemala and Honduras, two key Central American countries for Vigo”, stated Mario Trujillo, CEO of Vigo Remittance Corp.
Grupo Elektra brings into this alliance with Vigo its almost ten years’ knowledge and experience in the electronic money transfer business in Mexico”, stated Mario F. Gordillo, Grupo Elektra’s Deputy General Director of Commercial Banking.
Grupo Elektra is Latin America's leading specialty retailer, consumer finance and banking services company.
www.vigousa.com /corporatenews.asp?LID=4&nid=79   (488 words)

  
 Securitization in Mexico
Consumer finance giant Grupo Elektra has announced securitization of accounts receivables - click here for the news item.
In March 1998, a securitization was completed by Grupo Minero Mexico, the mining subsidiary of the Grupo Mexico conglomerate.
The first publicly offered transaction in Mexico was towards end-1998 by a consumer goods retailer Grupo Elektra S.A. de C.V., which issued securities backed by trade receivables.
www.vinodkothari.com /secmexic.htm   (847 words)

  
 Globeinvestor.com: Grupo Elektra Will Convene an Extraordinary Shareholders Meeting to Consider the Convenience to ...
Grupo Elektra Will Convene an Extraordinary Shareholders Meeting to Consider the Convenience to Continue with Its Global Depository Shares Program
As a result of this, the shareholders meeting of Grupo Elektra will consider the impact of the costs upon its business, as well as the current and future benefits of its GDSs program.
SOURCE Grupo Elektra S.A. de C.V. CONTACT: Esteban Galindez, CFA, Director of Finance and I.R. of Grupo Elektra S.A. de C.V., +52-55-1720-7819, Fax: +52-55-1720-7822, egalindez@elektra.com.mx
www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20050502&archive=prnews&slug=2005_05_02_22_0638_1361449   (889 words)

  
 Grupo Elektra S A DE C V (EKT) - US - StockPower Forecasting Report - Analysis and 2 weeks forecast - Research and ...   (Site not responding. Last check: 2007-09-08)
Grupo Elektra S A DE C V (EKT) - US - StockPower Forecasting Report - Analysis and 2 weeks forecast - Research and Markets - Market Research Reports
The Grupo Elektra S A DE C V (EKT) - US - StockPower Forecasting Report is the premier source of equity information for Individual and Institutional Investors Worldwide
Grupo Elektra, SA de CV(EKT) - Quantitative Valuation Report
www.researchandmarkets.com /reportinfo.asp?report_id=22350   (485 words)

  
 PR Newswire: Grupo Elektra To Prepay Senior Notes Four Years in Advance; - Redemption of Senior Notes Key Component of ...   (Site not responding. Last check: 2007-09-08)
PR Newswire: Grupo Elektra To Prepay Senior Notes Four Years in Advance; - Redemption of Senior Notes Key Component of Strategy to Reduce Debt -.@ HighBeam Research
Grupo Elektra To Prepay Senior Notes Four Years in Advance; - Redemption of Senior Notes Key Component of Strategy to Reduce Debt -.
Javier Sarro, Chief Executive Officer of Grupo Elektra commented: "Our decision to redeem four years in advance our Senior Notes is a cause for celebration in the Company.
www.highbeam.com /library/doc0.asp?DOCID=1G1:131525103&refid=holomed_1   (183 words)

  
 Grupo Palacio DE Hierro-1 Share Price (GPH00), Stock Quotes, Charts, Trades & Market News.
Grupo Palacio DE Hierro-1 Share Price (GPH00), Stock Quotes, Charts, Trades & Market News.
Registering as a user of ADVFN gives you access to live free streaming Grupo Palacio DE Hierro-1 Share prices.
Register as a user of ADVFN for FREE live streaming interactive stock charts.
www.advfn.com /quote_Gph-1_BMV_GPH00.html   (219 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.