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Workers for Mexico’s Second-Richest Man Are Told to Vote Against AMLO

  • Executives implore workers not to vote ‘out of anger’
  • Angst across corporate Mexico mounts as July 1 election nears
Updated on

In Mexico, there is perhaps no more luxurious shopping experience than a stroll through one of El Palacio de Hierro’s 13 stores. At the Perisur location, an undulating, tempered-glass structure on the southern edge of Mexico City, customers can take home a $2,400 handmade Bottega Veneta purse or a $25,535 Bell & Ross men’s sapphire-crystal watch.

The chain is owned by Alberto Bailleres, Mexico’s second-richest man. This wealth -- nearly $11 billion, according to Bloomberg estimates -- has put him in the crosshairs of Andres Manuel Lopez Obrador, the fiery leftist presidential candidate. To Lopez Obrador, Bailleres forms part of the Mexican “mafia of power” that needs to be reined in.