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Walmex, Walmart's business in Mexico and Central America, announced in March that it will invest $34.5 billion pesos, or around $1.8 billion, into the region this year, a 19% jump over the ...
In Germany, Walmart took over supermarket chain Wertkauf with its 21 stores for DM750 million in 1997 [276] and the following year Walmart acquired 74 InterSPAR stores for DM1.3 billion. [ 277 ] [ 278 ] The German market at this point was an oligopoly with high competition among companies which used a similar low price strategy as Walmart.
In July 2006 Metro bought the 85 German stores of Wal-Mart, which gave up its loss-making Germany business. The Wal-Mart stores were largely integrated into the Real sales brand. [14] In July 2008, the Extra supermarket chain with around 250 locations and sales of around 1.6 billion euro, was sold to the Rewe Group. Metro sold the Adler fashion ...
The following years were characterized by further openings and expansion, making Globus one of the largest food retailers in Germany today. After German reunification, Globus opened its first store in eastern Germany. With the opening of the first hypermarket in the Czech Republic in 1996, Globus took the first step towards expansion outside ...
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Wal-Mart – moved into Germany in 1997 by taking over Wertkauf stores, followed by Interspar stores the year after, but failed by trying to use its American approach in Germany; in 2006 the remaining 85 hypermarkets were changed to Real hypermarkets.
On Thursday, Walmart stock reached a record closing high of $162.61 per share. The stock started September near its all-time high but closed slightly off the record price at $161.56 on Friday.
In 2006, Metro acquired Walmart's 85 stores in Germany [1] and 26 Géant hypermarkets in Poland from the French retail group Groupe Casino. [2] In November 2018, Metro sold its 91 Real hypermarkets in Poland, Romania, Russia and Ukraine to Auchan for €1.1 billion. [3] In 2014, it sold its 12 Real hypermarkets in Turkey. [4]