Walmart México

Wal-Mart de México S.A.B. de C.V.
Type	Sociedad Anónima Bursátil de Capital Variable
Traded as	BMV: WALMEXV
Industry	Retailing
Founded	1958
Headquarters	Mexico City, Mexico
Key people	Jerónimo Arango, co-founder; Scot Rank, (CEO); Eduardo Solórzano Morales, (Chairman)
Revenue	US$ 27.2 billion (2010)
Net income	US$ 1.6 billion (2010)
Employees	166,000
Parent	Wal-Mart
Website	www.walmartmexico.com

From Wikipedia, the free encyclopedia

(Redirected from Walmex)

Jump to: navigation, search

Wal-Mart de Mexico (BMV: WALMEXV), is a Mexican public corporation. It has been traded in the Mexican Stock Exchange since 1977 [1]. The company was found in 1958 as Cifra by Jerónimo Arango. The company grew and 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. Then in 1997 Walmart increased its stake by acquiring 51% of Cifra stock. Once the acquisition was completed Cifra was renamed, the new company became Wal-Mart de Mexico, S.A. de C.V. Walmart again increased its stake in Wal-Mart de Mexico to 60% in April 2000. ^[1] After completing the acquisition of Walmart's operations in Central America, in January 2010, Walmart Mexico absorbed Walmart Centroamérica and changed their name to Walmart Mexico y Centroamérica.

At the end of December 2011 Walmart operates 2037 retail outlets in Mexico including restaurants and supermarkets, under the names Walmart, Superama, Suburbia, VIPS, Sam's Club and Bodega Aurrerá. The company is now Mexico's largest private sector employer. It competes fiercely with Soriana, Comercial Mexicana, Chedraui, H-E-B, Casa Ley, and S-Mart.

Wal-Mart de México is the second biggest retail company in Latin America, only behind Brazilian Grupo Pão de Açúcar.

[edit] Overview

372 - Bodega Aurrera
560 - Bodega Aurrera Express
1 - Medimart
227 - Mi Bodega Aurrera
124 - Sam’s Club
93 - Suburbia
84 - Superama
364 - VIPS Restaurants
212 - Walmart Supercenters

[edit] International expansion

[edit] Walmart Centroamérica

In 2005 Walmart Stores Inc 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. Less than a year later in 2006, Walmart increased its stake to 51% and changed the name to Walmart Centroamérica.

[edit] Walmart 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 (aprox. $110 million USD) in cash and shares. In early 2010, the transaction was completed and Walmart de México became Walmart de México y Centroamérica.

As of December 2011 Walmart de México y Centroamérica operates 610 stores in the Central American region.