Billionaire Salinas' Elektra Languishes After $5 Billion, One-Day Wipeout

Billionaire Salinas' Elektra Languishes After $5 Billion, One-Day Wipeout

Grupo Elektra, a major Mexican retailer, faced trading suspension leading to a significant drop in share value and a loss of $5.5 billion for its owner, Ricardo Salinas Pliego.

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