Early Life
José Coppel Luken is part of the Coppel family, who founded Grupo Coppel. The family's roots trace back to 1941 when Luis Coppel Rivas, along with his son Enrique Coppel Tamayo, opened a small store called "El Regalo" in Culiacán, Sinaloa, Mexico. Initially, the store sold radios and watches.
Rise to Success
The Coppel family adapted their business model after the Second World War, transitioning to selling furniture on credit with weekly payments. This shift transformed "El Regalo" into a furniture store that offered credit. In the 1970s, the company began selling clothing, and in the late 1980s, it expanded into footwear, which grew with the acquisition of Zapaterías Canadá. Enrique Coppel Luken, expanded the business nationally and diversified its operations.
Key Business Strategies
Grupo Coppel is known for its credit program, which targets the middle and lower socioeconomic segments, enabling them to purchase household items, clothing, and electronics. Coppel has been recognized as one of the fastest-growing retailers based on revenue growth.
Philanthropy
Information on specific amounts of philanthropy is unavailable.
