- Business
- Grupo Gigante, S.A.B. de C.V. (GIGANTE.MX) operates as a diversified holding company primarily engaged in specialized retail, restaurants, real estate development, and corporate services across Mexico and select international markets. Founded in 1962 and headquartered in Mexico City at Avenida Ejército Nacional 769, Torre B, Piso 12, Colonia Granada, the company manages segments including Retail with Office Depot stores offering office supplies, furniture, electronics, and housewares under brands such as Casa Marchand, Fesa, and Radio Shack; Restaurants encompassing family dining chains like Toks, Beer Factory, Restaurantes California, Panda Express, Shake Shack, Wings, and Cup Stop; Real Estate through Gigante Grupo Inmobiliario, which develops and leases shopping malls, retail spaces, corporate offices, and housing projects; and additional services like Petco pet supplies, Tiendas Home Store, SuperPrecio convenience formats, inventory management for office products, and parking lot operations. Geographic operations span Mexico, Chile, Colombia, Central America including El Salvador, Guatemala, Honduras, Panama, and Costa Rica, with over 900 business units generating more than 22,000 direct jobs.
Recent developments include the 2024 strengthening of environmental, social, and governance initiatives with reduced environmental impact and enhanced corporate inclusion; investments in loyalty programs reaching 19.8 million customers, particularly Office Depot Mexico surpassing 10 million members; opening of 11 new restaurants and remodeling of 17 units; FESA Mexico achieving EBITDA over 20% above budget with a 9.0% margin increase; completion of Agwa Bosques office complex and Miyana phase IV by Gigante Grupo Inmobiliario; entry of Casaideas into Mexico via joint venture with Matriz Ideas for household goods; Petco launching an online store in Chile; and becoming a signatory to the United Nations Global Compact in December 2023. Earlier key changes within the last two years feature Toks marking 50 years in 2021 with ongoing expansions, acquisition of El Farolito taqueria assets in 2020 amid pandemic adaptations like digital strategies and e-commerce, and strategic refinancing of debt including full repayment of a $1,300 million pesos liquidity credit in 2021. The company continues organizational enhancements, such as appointing a new CEO in 2017 and decentralizing digital transformation, while maintaining leadership in office supplies and real estate with over 921,000 square meters of rental space across 983 units as of 2019.