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Chedraui is a publicly traded Mexican grocery store and department store chain which also operates stores in the U.S. in the states of California, Arizona, New Mexico, Texas, and Nevada under the banner name El Super and stores in Texas under the banner name Fiesta Mart. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI. [2]
The first official Oxxo store was opened in 1979 in Monterrey. Oxxo stores then spread to Chihuahua, Hermosillo, and Nuevo Laredo. Throughout the eighties, Oxxo gained fame in the cities where it was established. In 1998, the 1,000th store was opened. On July 6, 2010, the opening of the 9,000th store, in Oaxaca, was announced. [4]
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On May 31, 2024, the chain closed 48 stores in California (including 13 in its hometown area of San Diego) [13] out of an original 134 in California, Arizona and Nevada. [14] On June 5, 2024, Rubio's for the second time in four years filed for Chapter 11 bankruptcy , with plans to sell itself to its lenders.
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Mexico and the U.S. have reached an agreement to address Mexico's habit of falling behind in water-sharing payments. The agreement announced Saturday “provides Mexico with tools and flexibility."
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