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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 ...
But the only thing better than being sold-out is being resold for incredulous prices, further highlighting just how popular and in-demand the product, and by extension, the brand is.
August 2016: Liverpool bought the Suburbia department store chain from Walmart Mexico for around 15.7 billion pesos (about $840 million at that time). September 2018: announced conversion of 38 of the 41 Fábricas de Francia stores to Liverpool or Suburbia formats, and permanently close the other 3, thus sunsetting the 140-year-old brand. [9]
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.
Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving suppliers. Walmart de Mexico said in a statement that it had ...
In 2013, the Democratic staff of the U.S. House Committee on Education and the Workforce released a report called Wal-Mart's The Low‐Wage Drag on Our Economy: Wal‐Mart's low wages and their effect on taxpayers and economic growth, which analyzed Walmart's effect on U.S. government finances and concluded that each Wal-Mart store with at ...
MEXICO CITY (AP) — Shares in Walmart’s Mexico subsidiary dropped about 3.3% Monday after Walmart de Mexico announced it is under investigation for alleged monopolistic practices.
Mexico's electronics industry has grown enormously within the last decade. Mexico has the sixth largest electronics industry in the world after China, United States, Japan, South Korea, and Taiwan. Mexico is the second largest exporter of electronics to the United States, and it exported $71.4 billion worth of electronics in 2011. [139]