After years of fighting to defend the share price of his flagship holding and a months-long trading halt, Mexican billionaire Ricardo Salinas Pliego is taking Grupo Elektra private.

Durante un tiempo, parecía que Grupo Elektra, uno de los minoristas de electrodomésticos más grandes de México, estaba a punto de convertirse en una acción zombie. Las acciones dejaron de ...

The retail arm of Mexican billionaire Ricardo Salinas’ Grupo Elektra is seeking to sell bonds amid risks that a rating downgrade on existing notes could trigger early repayments.

Salinas, who holds a nearly 75% stake in Grupo Elektra, saw the value of his shares decrease to an estimated $2.9 billion, down significantly from $7.6 billion on Friday.

Mexican billionaire Ricardo Salinas Pliego is opening for business in the U.S.: his Grupo Elektra announced Monday morning its successful purchase of Advance America--the largest payday lender in ...

Salinas controls nearly 80% of Elektra’s outstanding shares, according to data compiled by Bloomberg, and has relied on that holding to borrow money and support the extravagant lifestyle he ...

Grupo Salinas, the conglomerate that controls Grupo Elektra, broadcaster TV Azteca and other companies, said Thursday that it will appeal the ruling, which is likely to reach the Supreme Court ...

The businessman Ricardo Salinas Pliego has shown his support for cryptocurrencies for some time in several publications on his social networks. In June he made public that he had made investments ...

According to multiple sources, Grupo Elektra, part of Grupo Salinas, led by its founder, Ricardo Salinas Pliego, must pay around $1 billion in back taxes after a Mexican court announced its decision.

He said he intends to take Elektra private and stated his businesses are solid despite political headwinds: "Now I'm free to do my thing." Salinas called Bitcoin "the hardest asset in the world ...

Salinas is the heir to the publicly-traded Grupo Elektra, which was founded by his grandfather in the 1950s. He now runs the financial and retail corporation and TV Azteca, the No. 2 Mexican TV ...