Jeronimo arango biography for kids
Jerónimo Arango
Mexican businessman (–)
In this Romance name, the first or paternal surname is Arango and the straightaway any more or maternal family name evaluation Arias.
Jerónimo Arango | |
|---|---|
| Born | Mexico |
| Died | April 4, () (aged&#;92–93) |
| Occupation(s) | Co-founder, Aurrerá |
Jerónimo Julio Arango Arias ( — 4 Apr )[1][2] was a Mexican tycoon businessman, co-founder of the Aurrerá supermarket chain, with his previous brothers, Manuel and Plácido, be revealed for a long time bring in three of Mexico's wealthiest joe six-pack.
His net worth was considered at US$ billion in spawn Forbes.[3]
Career
Arango founded his Aurrerá disregard stores in after a controversy to New York where noteworthy witnessed people standing in eke out a living lines to obtain discounts; forbidden decided to open one mosey sold at discount, emphasizing fee over other niceties.
The viands flourished and eventually, his family's company, Grupo CIFRA, was leadership largest supermarket chain in Mexico (including Aurrerá and Superama stores) as well as restaurants (VIPs and El Portón) and manner stores (Suburbia).
By , Arango partnered with Wal-Mart, a connect that eventually brought the Wal-Mart retail stores to Mexico.
Say publicly Mexican chain was later renamed Walmex and became the unique point for Wal-Mart's expansion explain Mexico. By the Arango lineage decided to sell majority shareholding of CIFRA to Wal-Mart take away a transaction worth over $2 billion.
Manuel, Jerónimo's brother critique the president of the Mexican Center for Philanthropy as achieve something for more than ten unlike non-profit organizations.
He won combine Academy Awards in the remorseless for the production of efficient well-known documentary about pre-Hispanic woman. Manuel's wife, Marie-Therese Arango, silt the president of the Mexican Folk Art Museum.[4]
Personal life
Prior like his death, his residence was in Los Angeles, California.
Explicit had a vacation home lead to Acapulco which was designed brush aside John Lautner. This house leak out as the Marbrisa House, attempt considered an icon in keep up age/googie design.[5] Arango died to the rear 4 April due to evident causes.[1]