Type Public Number of employees 18,000+ Founded 1903 Parent organization Grupo Carso | Traded as BMV: GSANBOR N Website sanborns.com.mx Headquarters Mexico City, Mexico | |
Key people Carlos Slim Domit, (CEO) Products Cafeteria, Restaurant, Retail, Pharmacy, Department Store Stock price GSANBORB-1 (BMV) MX$ 21.00 -0.15 (-0.71%)10 Mar, 3:00 PM GMT-6 - Disclaimer Subsidiaries Sears, Pastelerías, S.A. Founders Walter Sanborn, Frank Sanborn Profiles | ||
Grupo Sanborns is a large restaurant, retail, pharmacy and department store chain located in Mexico, El Salvador and Panama.
History
The retail company was founded in Mexico City on June 19, 1903, by California immigrants Walter and Frank Sanborn, who also opened Mexico's first soda fountain. The original location and its lunch counter, across from the main Mexico City post office (Palacio de Correos) is still in operation.
During the Mexican Revolution, troops of Emiliano Zapata used a Sanborns branch located where the Libreria Madero is today, as a rendezvous point and gathering place. Extant photos show Zapatista soldiers enjoying their first restaurant meal at Sanborns' lunch counter.[1] Thus the Sanborns slogan Meet me at Sanborns.
In 1919, Walter Sanborn, tired of Mexico's political turmoil, returned to the US and left the management of the company to his brother Frank.
The trademark of the franchise, the three owls, represent Mr. Frank Sanborn and his sons, Francis and Jonathan. For some time, the official name of the company was "Sanborn´s Hermanos" (Sanborn´s Brothers), when Mr. Frank died.
Also in 1919, Sanborns acquired its most famous branch location, the 16th century House of Tiles, the Casa de los Azulejos, a major Mexico City tourist attraction and national monument. This is probably the world's only pharmacy decorated with a mural by José Clemente Orozco.
In 1946, Frank Sanborn sold his interest in Sanborns to fellow pharmacist Charles Walgreen Jr. of Chicago.
Like Walgreens, Sanborns does not use an apostrophe in its name. In Sanborns' case, it is due to the Spanish language not using apostrophes to indicate possession.
Walgreens sold its interest in 1985. Currently, Sanborns is a unit of conglomerate Grupo Carso which itself is controlled by Carlos Slim, the fourth wealthiest billionaire in the world as of 2016. Sanborns controls Sears Mexico (nearly 50 stores). It also owns about 125 Sanborns stores (a combination of restaurants, drugstores and book and gift shops); 34 Sanborns Cafés; nearly 65 Discolandia, Mixup, No Problem and Tower Records music stores. Sanborns also operates its eponymous Web site selling electronics, computers, music, books, toys, drugs and more.