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Yi Group: Difference between revisions
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Latest revision as of 16:45, 7 January 2019
| Yi Group (Grupo Yi) | |
|---|---|
| Type | Private |
| Industry | retailing |
| Founded | 1878 |
| Founder | Erasmo Yi (이상훈) |
| Headquarters | Villa Constitución, DF,  Ardisphere |
| Area Served | Worldwide |
| Key People | Ícaro Yi (이형욱), CEO |
| Products | high-end and discount house brands |
| Service(s) | department stores |
| discount stores | |
| convenience stores | |
| marketing | |
| catering | |
| Total Equity | unpublished |
Yi Group (formally Grupo Yi de Ventas al Por Menor, SA) is a privately held Ardispherian retailing conglomerate that includes stores at all market sectors, selling to a substantial portion of the domestic market, as well extensive international operations. The fifth generation of the Yi Family, which is collectively the second richest family in the Ardisphere, controls the company completely, and the company has no shares listed on any market.
The corporate headquarters is anchored in downtown Villa Constitución, in the company owned Torre Yi (map) over their store just two blocks south of the Central train station. Torre Yi is the third-tallest building in the city's skyline and a major landmark as well.
History
Erasmo Yi founded his first "Alamacén" (department store) in Faro, DS, in 1865, using capital acquired from land speculation in rural Departamento del Centro. For over 100 years, the store was a highly reputed chain but without any other lines of business. Then in the 1970's, the owners began an ambitious expansion focused mainly on buying out competitors and operators in other retail sectors.
The holding company was created by the Yi Family in 1987 at the time that they acquired Calíope Martí's Martímart chain, to separate the brand identity of their flagship chain, Almacenes Yi, from other downmarket retail brands.
Subsidiaries
- Almacenes Yi - high-end department stores
- Martímart - deep discount superstores and hypermarkets
- etc.
