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BrandZ_2015_LATAM_Top50_Report

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MEXICO<br />

BRAND STORIES<br />

TOP 50 MOST VALUABLE LATIN AMERICAN BRANDS 2015<br />

7 8 9 10 11 12<br />

PARENT COMPANY Cemex, SAB de CV<br />

HEADQUARTERS Monterrey<br />

INDUSTRY Cement<br />

YEAR OF FOUNDATION 1906<br />

WEBSITE www.cemex.com<br />

BRAND VALUE US $3,039 million<br />

PARENT COMPANY Grupo Bimbo, SAB de CV<br />

HEADQUARTERS Mexico City<br />

INDUSTRY Food & Dairy<br />

YEAR OF FOUNDATION 1943<br />

WEBSITE www.grupobimbo.com<br />

BRAND VALUE US $2,795 million<br />

PARENT COMPANY El Puerto de Liverpool, SAB de CV<br />

HEADQUARTERS Mexico City<br />

INDUSTRY Retail<br />

YEAR OF FOUNDATION 1847<br />

WEBSITE www.liverpool.com.mx<br />

BRAND VALUE US $2,557 million<br />

PARENT COMPANY Grupo Financiero Banorte,<br />

SAB de CV<br />

HEADQUARTERS Mexico City<br />

INDUSTRY Banks<br />

YEAR OF FOUNDATION 1947<br />

WEBSITE www.banorte.com<br />

BRAND VALUE US $2,207 million<br />

PARENT COMPANY Grupo Financiero Inbursa,<br />

SAB de CV<br />

HEADQUARTERS Mexico City<br />

INDUSTRY Banks<br />

YEAR OF FOUNDATION 1992<br />

WEBSITE www.inbursa.com<br />

BRAND VALUE US $1,940 million<br />

PARENT COMPANY Grupo Salinas SA de CV<br />

HEADQUARTERS Mexico City<br />

INDUSTRY Banks<br />

YEAR OF FOUNDATION 2002<br />

WEBSITE www.bancoazteca.com.mx<br />

BRAND VALUE US $1,533 million<br />

Cemex is a leader in the production<br />

and marketing of concrete, cement<br />

and other building materials.<br />

Cemex is a well known name not only in<br />

Mexico, where it has over 100 years of<br />

history, but also in the rest of the world.<br />

Cemex was a local brand that became<br />

global, and has been involved in projects<br />

around the world: tunnels in America,<br />

highways in Asia, social housing in<br />

South America. As a company, it is<br />

making efforts to become a more<br />

agile competitor capable of meeting<br />

the growing demand for housing and<br />

infrastructure all over the world during<br />

the next four decades.<br />

Bimbo is a brand of huge tradition<br />

and heritage with a presence in the<br />

Mexican market dating back to 1943.<br />

Bimbo’s bakery products are common<br />

features in the diet of many families in<br />

Mexico. The image of the Bimbo bear<br />

and the slogan ‘with love as always’<br />

are widely known by consumers, and<br />

their products reach almost every<br />

store in Mexico through an excellent<br />

distribution network. Bimbo also<br />

has a significant presence abroad as<br />

a result of the expansion of Grupo<br />

Bimbo and its portfolio of over 10,000<br />

products to 22 countries.<br />

Liverpool is a brand of department<br />

stores offering clothing and homewares.<br />

As a brand, its aim is to have people<br />

perceive it as a “part of their lives”. In<br />

order to get closer to consumers, it has<br />

expanded to cover a huge area of the<br />

Mexican territory, innovating with store<br />

formats that coexist with shopping<br />

centers and malls. This is because<br />

Liverpool not only operates its stores,<br />

but also controls their construction so<br />

that it can create appealing formats.<br />

Its income also comes from the lease of<br />

premises and financial leases from loans<br />

granted to consumers.<br />

Banorte is a brand that has become<br />

stronger in recent years, reflecting their<br />

slogan ‘The strong bank of Mexico’.<br />

Banorte is a part of Grupo Financiero<br />

Banorte, a Group that successfully<br />

completed mergers and acquisitions to<br />

become the third largest bank in the<br />

Mexican financial system based on the<br />

size of deposits and credits granted.<br />

But beyond such strategic movements,<br />

this bank (which started operations in<br />

1947 but was created in 1899 with the<br />

organization of ‘Banco Mercantil del<br />

Norte’), has received various accolades,<br />

among which the 2013 Best Commercial<br />

Bank awarded by World Finance and The<br />

Banker stands out.<br />

Banco Inbursa, previously known<br />

as Inversora Bursátil, was formally<br />

created in September 1992.<br />

This was as a result of the government<br />

authorizing the creation of new banks<br />

in order to promote competition in the<br />

financial sector. It is a company of Grupo<br />

Financiero Inbursa, which was created<br />

in 1985. Other subsidiaries of the Group<br />

include Seguros Inbursa, purchased in<br />

1984 when they were known as Seguros<br />

México. Services offered by the Group<br />

include: investment services, insurance,<br />

credit, transportation and pensions.<br />

Back in 2002, Banco Azteca was<br />

created to serve the needs of the lowincome<br />

segment.<br />

The bank began by issuing credit only<br />

and has diversified its products since.<br />

Today it is the bank that issues the<br />

highest volume of personal credit – in<br />

2014 it issued over 60% of the total<br />

volume in Mexico. The strength of<br />

Banco Azteca is based on almost 60<br />

years of credit experience at Grupo<br />

Elektra, its holding company that<br />

was founded in 1950. Banco Azteca<br />

currently operates through Grupo<br />

Salinas’ Stores: Elektra, Salinas & Rocha<br />

and Bodega de Remates which together<br />

account for more than 3,762 direct<br />

customer touchpoints. Recent efforts<br />

point towards targeting the middle<br />

class with very specific products, and<br />

a higher relevance of digital technology<br />

in its offer. This sets a challenge for a<br />

brand that is positioned as serving the<br />

low-income segment, but being a strong<br />

brand with customer service expertise<br />

provides a strong foundation.<br />

104 105

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