Word: arango
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...accounted for 500 murders. Most of the bandits are ordinary killers, but Communist and Castroite agents are busy in the backlands. Last week Pedro Marin Marulanda, a well-known Red who calls himself "Sure Shot," destroyed an army helicopter, murdered its two crewmen and kidnaped the passengers. Bandit Frederico Arango, who was killed last year, had a five-foot bookshelf of Communist bestsellers, including Che Guevara's Guerrilla Warfare. Pedro Brincos, also killed last year, was found with Communist documents from Cuba...
...stock brokerage with a knack for winning important friends. Making himself useful to other like-minded coyotes-including Banker Anibal de Iturbide and Insurance King Manuel Senderos-Trouyet cut them in on his deals, in turn was let in on theirs. Last year he persuaded Textile Tycoon Je-ronimo Arango Sr. to join him in buying a 55% stake in the big old Orizaba textile company-fully appreciating that Arango's three sons run Mexico's largest discount retailing chain (TIME, Feb. 8) and would provide a fine outlet for Orizaba's garments...
...Night. The Arango discount stores have had a profound effect on Mexican retailing. Their price cutting has forced down the profit on most items sold in Mexico City stores some 12%, and even small stores around the city have learned that the way to draw business is to advertise themselves-truly or falsely -as discounters. The Arangos' impact is the more remarkable because the brothers, all college-educated in the U.S., were treated as outcasts by their own class when they opened their first store with a loan from their wealthy father, a textile tycoon and onetime store-chain...
...time being, they will concentrate on Mexico City, where they cruise about in their Mercedeses looking for likely sites on which to place what they hope will be 40 more stores in the capital alone. "These boys have done something for Mexico," says Jeronimo Arango Sr., surveying his sons' work. "And for ourselves," adds Jeronimo Jr. with a grin...
...Arangos have had better luck than one of the originators of chain discounting that Jeronimo Arango studied in New York. In Manhattan last week, with $4,000,000 in bills piled up, Masters, Inc., filed a bankruptcy petition. Masters, which has seven stores in the New York area and four more in Pennsylvania and Florida, blamed its fall on too rapid expansion and poor store locations...