Career
Alberto Bailleres owns the holding company, Grupo Bal, which controls a large number of companies in Mexico with interests in trade, mining, finance, insurance, pension administration, agribusiness, health and musics, Industrias Peñoles or Peñoles is the second largest mining company in Mexico and one of the world’s largest silver miners with operation in the Latin America. However, in 2012, it did not do well due to lagging metal prices. El Palacio de Hierro is a chain of department stores located mainly in Mexico City. It exclusively handles international brands such as Hermes, Burberry, and Adolfo Dominguez among others. Grupo National Provincial is the only entirely Mexican owned insurance company with over 20% in market share. Grupo Profuturo is a pensions and annuities business. At 76, he continues to be an active board member of different companies.