The businessman Alberto Baillères González died this Thursday at the age of 90, as confirmed by family sources.
Alberto Baillères was one of the most important businessmen in the country, and his companies include El Palacio de Hierro , GNP and Grupo Peñoles.
The news about his death was confirmed by a granddaughter of the businessman and two more relatives.
Sources close to the family also reported that there would be no funeral due to the health situation resulting from the Covid-19 pandemic.
The businessman who in 2015 was awarded the Belisario Domínguez Medal of Honor, also founded the Autonomous Technological Institute of Mexico (ITAM).
Last year his son, Alejandro Baillères, took over the reins of the empire, while his father took the position of honorary president for life.