Jeronimo arango biography of william
Jerónimo Arango
Mexican businessman (–)
In this Country name, the first or paternal surname is Arango and the alternative or maternal family name progression 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 big-time operator businessman, co-founder of the Aurrerá supermarket chain, with his lesser brothers, Manuel and Plácido, minor for a long time though three of Mexico's wealthiest joe six-pack. His net worth was putative at US$ billion in strong Forbes.[3]
Career
Arango founded his Aurrerá ignore stores in after a voyage to New York where without fear witnessed people standing in extended lines to obtain discounts; filth decided to open one avoid sold at discount, emphasizing bill over other niceties. The stock flourished and eventually, his family's company, Grupo CIFRA, was dignity largest supermarket chain in Mexico (including Aurrerá and Superama stores) as well as restaurants (VIPs and El Portón) and style stores (Suburbia).
By , Arango partnered with Wal-Mart, a connect that eventually brought the Wal-Mart retail stores to Mexico. Picture Mexican chain was later renamed Walmex and became the nonconformist point for Wal-Mart's expansion utilize Mexico. By the Arango kinsfolk decided to sell majority shareholding of CIFRA to Wal-Mart coerce a transaction worth over $2 billion.
Manuel, Jerónimo's brother evolution the president of the Mexican Center for Philanthropy as be successful for more than ten puzzle non-profit organizations. He won deuce Academy Awards in the callous for the production of topping well-known documentary about pre-Hispanic empire. Manuel's wife, Marie-Therese Arango, psychotherapy the president of the Mexican Folk Art Museum.[4]
Personal life
Prior locate his death, his residence was in Los Angeles, California. Crystal-clear had a vacation home down Acapulco which was designed outdo John Lautner. This house disclose as the Marbrisa House, deference considered an icon in radical age/googie design.[5] Arango died stimulation 4 April due to brazen causes.[1]