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MEXICO - Founder of Comercial Mexicana Dies
Founder of Comercial Mexicana Dies
Carlos Gonzalez launched the chain in 1930 in Mexico City
Carlos Gonzalez Nova, 92, founder and honorary chairman of the Comercial Mexicana retail chain, died. The company, which is presently undergoing a financial restructuring to address $2.5 billion in debt, began operations in 1930 with a textile products store. In 1962, it took its first step in the business of self-service establishments. Today, Comercial Mexicana, which has operated Price Costco establishments since 1991, is the number three retail chain in Mexico.