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Walmart de México y Centroamérica, also known as Walmex, is the Mexican and Central American Walmart division. Walmart de México y Centroamérica is Walmart's largest division outside the U.S. as of October 31, 2022, consists of 2,804 stores around the country, including 300 Walmart Supercenter stores and 167 Sam's Club stores. [1]
Bodega Aurrerá is a Mexican discount store owned by Walmart de México y Centroamérica.The chain was first established in 1970 in Mexico City.Though every Aurrerá store was converted into Walmart, both Aurrerá and Bodega Aurrerá names survived, the former as a product brand and the latter as a store.
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Walmart Inc. (/ ˈ w ɔː l m ɑːr t / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. [11]
Cifra - Walmart's operations in Mexico started as Walmex, a joint venture between Cifra of Mexico and Wal-Mart Stores, Inc. Walmart later bought a majority interest in Cifra and changed the name to Walmart de Mexico. Walmex is independently traded on the Mexican stock exchange, although Wal-Mart Stores, Inc. holds a majority interest.
As the Supercenter proved to be a much more profitable experiment, Walmart renamed the stores "Wal-Mart's Hypermart USA" in April 1990, and eventually began either converting them to Supercenter operations or closing them. As of 2023, two of the former Hypermart USA locations still operate as Walmarts while the other two have been demolished.
Grupo Cifra or Grupo Aurrerá-Cifra was a Mexican company, owned by Jerónimo Arango and his brother Manuel Arango, founded in 1986, whose main component businesses were supermarket chains Aurrerá and Superama, restaurant chains VIPS (Mexican restaurant) and El Portón, department storesSuburbia and others such as El Gran Bazar, BONS, Fratti and Bon Savor.
Claims of unfair competition and monopoly were instantly made by smaller supermarkets, because Amigo would be backed by the strong assets of Walmart. As part of the agreement made in order for the purchase to take place, various supermarket locations had to be closed (specifically if there was a Walmart or Sam's Club nearby).