El Puerto de Liverpool, S.a.b. de C.V.
El Puerto de Liverpool, S.A.B. de C.V. is a leading Mexican omnichannel retailer headquartered in Mexico City. Founded in 1847 and formally incorporated as a public limited company in 1944, the group operates department store chains Liverpool and Suburbia, along with a portfolio of shopping malls under the Galerías brand, financial services (primarily non-bank credit cards), and real estate assets. The company employs approximately 65,000 people and owns a diverse business group with commercial, financial, and real estate operations. Its customer base primarily includes consumers throughout Mexico and Latin America, as well as credit and insurance clients.
Investment Strategy
El Puerto de Liverpool focuses on a diversified, omnichannel retail strategy emphasizing department store, clothing, and mall operations, as well as consumer finance via credit card offerings. The group pursues expansion through organic growth and acquisitions—such as the purchase of Suburbia from Walmart and joint ventures for international retail brands within Mexico. Its financial operations revolve around issuing non-bank credit cards to drive store transactions, and it maintains a strong real estate portfolio of shopping malls, optimizing tenancy and consumer experience. The company also makes strategic equity investments, such as a 49.9% stake in U.S. retailer Nordstrom, demonstrating an appetite for cross-border partnerships and long-term asset growth.
Top Holdings
Equity Positions (1)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JWN | NORDSTROM INC | 100.00% | $385.2M | 15,755,000 | $16.14 | $24.45 | +$4.7M |