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Succession, the challenge for Latin America’s big business families

By Blake Schmidt

Agustín Coppel Gómez was born into one of Mexico's biggest retail fortunes, but he is not alone.

He and his three brothers are part of the third generation of 31 descendants of the family's late patriarch, Enrique Coppel Tamayo.

He founded the business in 1941 and later introduced a credit card to give his working-class customers access to buy clothes and furniture in his stores.

Agustin is one of the few of his cohort to have worked in the family business, Grupo Coppel, most recently in its banking unit.

The fourth generation . . .

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