Mexican Mogul Carlos Slim Might Bring Sanborns To New York


By Alex Alvarez Comment

Business magnate Carlos Slim is considering bringing his retail chain, Sanborns, to Manhattan. Reuters reports that the store “where shoppers can buy anything from underwear to a plate of spicy chilaquiles, a traditional dish, or even pay their phone bills” will potentially mark the latest in Slim’s stateside ventures.

Slim’s holding company, Grupo Carso, hopes that a Manhattan location will appeal not only to the area’s Hispanic population, but reach out to a wider audience as well. Slim already owns a stake in Saks and about 6.9 percent of The New York Times‘ Class A shares.

So far, no date or potential locations for the store have been set.