Since before the covid-19 pandemic, the fame action was little traded in the local stock market, after the bankruptcy and license revocation of his Ahorro Famsa bank in 2020, his titles came to be worth less than five pesos.
The company’s share on the BMV ended with a price of 0.03 pesos, which meant a fall of 99.85% from its launch value, which was 21.82 pesos in 2006.
In the financial report for the fourth quarter, the company reported accumulated revenues last year of 2,110 million pesos with a decrease of 41.6% compared to 2021.
“The lack of inventories for an adequate supply of durable products, not being able to grant credit to our customers, the significant reduction in our network of stores, as our landlords demand that we deliver them due to non-payment, the lack of resources allocated to advertising and working capital to keep the business running have resulted in a limited operation,” Luis Gerardo Villarreal, CEO of Grupo Famsa, said in the report.
In that same report, the manager said that by the end of the year the company did not have the necessary cash flow to keep the business running.