Succession Looms for Latin American Families Swaying $3 Trillion
Heirs are looking to branch out in a region where family-owned firms account for three-quarters of companies worth $1 billion or more.
A Grupo Coppel department store in Mexico City.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Agustin Coppel Gomez was born into one of Mexico’s greatest retailing fortunes, but he has a lot of company.
He and his three siblings are among 31 third-generation descendants of the family’s late patriarch, Enrique Coppel Tamayo, who founded the business in 1941 and later introduced a credit card so that his working-class customers could buy clothes and furniture at his stores.