Chedraui

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Grupo Comercial Chedraui, S.A.B. de C.V.
Type Sociedad Anónima Bursátil de Capital Variable
Traded as BMV: CHEDRAUI
Industry Retail
Founded (1927)
Founder(s) Lázaro Chedraui Chaya
Headquarters Xalapa, Mexico
Key people Antonio Chedraui Obeso (Chairman),
Antonio Chedraui Eguia (CEO)[1]
Revenue increase US$ 4.3 billion (2010)
Net income increase US$ 115.5 million (2010)
Employees 32,000
Website chedraui.com.mx

Chedraui (BMV: CHEDRAUI) is a publicly traded Mexican grocery store and department store chain. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.[2]

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[edit] History

Chedraui was founded in 1927 in Xalapa, Veracruz by Lázaro Chedraui Chaya and his wife.[3] In 1971 it opened the first supermarket in Xalapa, Veracruz. In 2005 it bought 29 supermarkets from Carrefour.[4] Chedraui's primary competition includes large grocers and hypermarkets such as Soriana, Wal-Mart and H-E-B.

According to Hoover's, it is "Mexico's fourth-largest retailer, the supermarket giant sells groceries, apparel, and non-perishable items in 183 stores, being 136 Tienda Chedraui, 40 Súper Chedraui, 2 warehouse Chedraui and 5 Selecto Chedraui.

In addition to retail, the group has a real estate arm.

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[edit] External links

[edit] References


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