Walmart de México y Centroamérica

Wal-Mart de México S.A.B. de C.V.
Sociedad Anónima Bursátil de Capital Variable
Traded as BMV: WALMEX V
OTCQX: WMMVY
Industry Retail
Founded 1952
Headquarters Mexico City, Mexico
Key people
 Jerónimo Arango, co-founder
Scot Rank, (CEO)
Eduardo Solórzano Morales, (Chairman)
Revenue Increase US$31.7 billion (2012)
Increase US$1.7 billion (2012)
Number of employees
 219,767
Parent Walmart
Subsidiaries Bodega Aurrerá
Slogan Contribuimos a mejorar la calidad de vida de las familias en México y Centroamérica (Strive to improve the quality of life for families in Mexico and Central America)
Website www.walmartmexico.com.mx

Walmart's Mexico division, the largest outside the U.S. as of December 31, 2015, consists of 2,324[1] stores around the country, including Walmart Supercenter stores and 160 Sam's Club stores. It has been traded in the Mexican Stock Exchange since 1977 (as Cifra).[2] Wal-Mart de México y Centroamérica is the biggest retailer in Latin America.

The company was founded in 1952 as Cifra by Jerónimo Arango. In 1991, Cifra and Wal-Mart Stores, Inc. signed a joint venture agreement. This agreement allowed cooperation between the two companies and the opening of Walmart stores and Sam's Clubs in Mexico. In 1997, Walmart increased its stake by acquiring 51% of Cifra. Cifra was renamed Wal-Mart de Mexico, S.A. de C.V. Walmart again increased its stake in Wal-Mart de Mexico to 60% in April 2000.[3] After completing the acquisition of Walmart's operations in Central America in January 2010, Walmart Mexico changed its name to Walmart de Mexico y Centroamérica.

In 1999 they continued expressing their aggressive position: Following the implementation of NAFTA [North American Free Trade Agreement]; Grupo CIFRA initiates Mexico's first duty-free importation of fresh Canadian Beef from Biological Farm Management Systems (BFMS) Inc., an Alberta, CANADA export company.

As of December 31, 2015, Walmart operated 2,324 retail outlets in Mexico, under the Walmart Supercenter, Superama, Suburbia, Zona Suburbia, Sam's Club, Bodega Aurrerá, Mi Bodega Aurrera, Bodega Aurrera Express, and Farmacia de Walmart banners. As of 2012, the company was Mexico's largest private sector employer with 209,000 employees. Approximately one-fifth of Walmart stores in the world are in Mexico.[4] It competes with Soriana, Comercial Mexicana, Chedraui, H-E-B, Casa Ley, and S-Mart.

Walmex's restaurant division, Vips, was acquired by the Mexican restaurant company, Alsea, in September 2013 for around $626 million.[5]

International expansion

Walmart Centroamérica

In 2005, Walmart entered the Central American market by acquiring 33% of Central American Retail Holding Company (CARHCO) from Dutch retailer Royal Ahold NV. CARHCO operated stores in Guatemala, El Salvador, Costa Rica, Honduras and Nicaragua. In 2006, Walmart increased its stake to 51% and changed the name to Walmart Centroamérica.

Walmart de Mexico y Centroamérica

In December 2009, Walmart de México acquired 43% of Walmart Centroamérica from Walmart Stores Inc and 40% from two minority partners, paying over $1.4 billion pesos (approximately $110 million USD) in cash and shares. In early 2010, the transaction was completed and Walmart de México was renamed Walmart de México y Centroamérica. In Mexico, WalMart has 2,324 stores, including Walmart Supercenter stores, and 160 Sam's Club stores.

Labor relations

In 2008, a Mexican court ruled that Wal-Mart de Mexico could not pay its employees in vouchers redeemable only at the store,[6] as it violated an article of the country's Constitution.


Gallery

References

External links

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