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Who Owns El Puerto de Liverpool?

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Discover the owner of El Puerto de Liverpool and explore the full ownership hierarchy. See the El Puerto de Liverpool parent company, holding structures, and ultimate controllers.

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El Puerto de Liverpool

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Est. 1847   •  1k+ employees   •  Public (BMV:LIVEPO)

El Puerto de Liverpool is a Mexican publicly traded retail, financial services, and real estate company best known for operating Liverpool and Suburbia department stores and Galerías shopping malls.

El Puerto de Liverpool appears to be independent with no parent company.

Major Shareholders

El Puerto de Liverpool

Major Shareholders

NameTypeOwnershipAs of
Michel family (via Max David Michel González and related heirs) Multiple Mexican business media describe Max David Michel González and his relatives as the main or majority shareholders (dueño, socio mayoritario) of El Puerto de Liverpool, with the Michel family identified as a founding family that has accumulated substantial wealth from its Liverpool stake; however, neither the company’s annual reports nor exchange filings publish an exact percentage of capital or voting rights held by the family. A 2025 article in Ámbito again names Max David Michel as the largest individual shareholder of Liverpool. El Puerto de Liverpool discloses that only Serie 2007-1 shares (about 85.3% of the 1,342,196,100 total shares) carry voting rights, while Serie 2007-C-1 shares are non-voting, but it does not break down ownership of these series by shareholder.
FamilyJul 2025
Pictet Asset Management Limited Ownership tables from data providers such as Investing.com and Simply Wall St show Pictet Asset Management Limited holding approximately 63.4 million shares of El Puerto de Liverpool, corresponding to about 4.73% of the company’s outstanding shares as of 30 December 2024. These shares are held across various Pictet emerging-market funds; public sources do not specify how the position is split between voting Serie 1 shares and non-voting Serie C-1 shares.
Institutional4.7%Dec 2024
GBM Administradora de Activos, S.A. de C.V. MarketScreener lists GBM Administradora de Activos, S.A. de C.V. (GBM Asset Management) as holding about 26.7 million Liverpool shares, described there as roughly 13.5% of the non‑voting Serie C‑1 share class. An article in 2025 that draws on this MarketScreener data cites GBM as one of the largest institutional holders of Liverpool. Using the company’s disclosed total of 1,342,196,100 shares outstanding, that position equates to approximately 1.99% of El Puerto de Liverpool’s overall equity; because Serie C‑1 shares have no voting rights, GBM’s voting influence is limited unless it also holds undisclosed Serie 1 shares.
Institutional2.0%Jul 2025
Norges Bank Investment Management (Government Pension Fund Global) Aggregated shareholder data from Investing.com and Simply Wall St show Norges Bank Investment Management (manager of Norway’s Government Pension Fund Global) owning roughly 10.5 million El Puerto de Liverpool shares, equivalent to about 0.78% of shares outstanding as of 29 June 2025. The holding appears to be spread across several GPFG sub‑portfolios; public filings do not state how many of these shares, if any, are in the voting Serie 1 class versus the non‑voting Serie C‑1 class.
Institutional0.8%Jun 2025
The Vanguard Group, Inc. Investing.com’s major-holder tables list The Vanguard Group, Inc. as owning about 8.0 million shares of El Puerto de Liverpool through funds such as Vanguard Total International Stock Index Fund and Vanguard FTSE Emerging Markets ETF, corresponding to roughly 0.6% of outstanding shares as of late 2025. As with other index managers, these positions are held on behalf of fund investors, and public sources do not clarify the split between voting and non‑voting share series.
Institutional0.6%Sep 2025
BlackRock, Inc. Shareholder-ownership data from Investing.com and Simply Wall St identify BlackRock, Inc. (via iShares and other funds) as holding approximately 6.2 million El Puerto de Liverpool shares, representing about 0.46% of the company’s share capital as of 27 February 2025. As with other global asset managers, BlackRock’s Liverpool exposure is held in pooled vehicles for clients, and available disclosures do not indicate how much of this stake, if any, is in voting Serie 1 shares versus the non‑voting Serie C‑1 class.
Institutional0.5%Feb 2025

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