Grupo Salinas is a corporate conglomerate formed in 2001 by several Mexican companies.[2][3] The group consists of TV Azteca, Grupo Elektra, Mazatlán F.C., Telecosmo, and Italika. Each of these companies operates independently with its own management and board of directors.
History
The origin of Grupo Salinas begins with a store called Salinas y Rocha founded in 1906 in Monterrey.
In 1950, Grupo Elektra began as a radio factory. Two years later, the company began manufacturing television sets and increased its workforce to 70 employees. Elektra began selling products directly to consumers in 1954. In 1957, Elektra retail stores incorporated credit programs. By 1968, Elektra had 12 stores in the region and by 1987, 59 stores. Elektra Group was listed on the Bolsa Mexicana de Valores