Summary of Proposed Investment
Project Number
10809
Company Name
Coppel, S.A. de C.V.
Date SPI Disclosed
Oct 19, 2001
Country
Mexico
Industry
Tourism, Retail and Property
Projected Board Date
Nov 30, 2001
Status
Completed
Sector
Retail (Including Supermarkets, Grocery Stores, etc.)
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Dec 17, 2001
Signed : May 21, 2002
Invested : May 24, 2002
Project Description
Coppel is a retail chain based in Culiacan, in the Mexican state of Sinaloa. The Company has a strong presence in Mexico, as it currently operates 132 stores, located in 22 Mexican states. Coppel currently offers a wide variety of products including electrical equipment, electronics, furniture, and apparel. Its target customers are the low to middle income segment of the population.
As a second-tier retail chain, Coppel needs to formalize its business and improve its corporate governance in order to foster the credibility needed to become a successful national chain. IFC can provide added value to the Company by: (i) providing advice on how to formalize and enhance its existing credit program; (ii) introducing international industry best practices to further improve its operations; (iii) providing the necessary long-term financing for its investment program; and by (iv) helping to set up social and environmental policies that comply with World Bank Group standards.
The project is expected to: (i) improve the living standards of the lower social segments of Mexico by extending the Company''s credit program to cover other parts of the country; (ii) create new job opportunities; and (iii) bring about training opportunities in retailing to new employees, particularly those in less developed states.
As a second-tier retail chain, Coppel needs to formalize its business and improve its corporate governance in order to foster the credibility needed to become a successful national chain. IFC can provide added value to the Company by: (i) providing advice on how to formalize and enhance its existing credit program; (ii) introducing international industry best practices to further improve its operations; (iii) providing the necessary long-term financing for its investment program; and by (iv) helping to set up social and environmental policies that comply with World Bank Group standards.
The project is expected to: (i) improve the living standards of the lower social segments of Mexico by extending the Company''s credit program to cover other parts of the country; (ii) create new job opportunities; and (iii) bring about training opportunities in retailing to new employees, particularly those in less developed states.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Enrique Coppel - CEO Calle República número 2855 Poniente, Col. Recursos Hidráulicos, Culiacán, Sinaloa, México, 80100