Walmart de México y Centroamérica
|Sociedad Anónima Bursátil de Capital Variable|
|Traded as||BMV: WALMEX V
|Headquarters||Mexico City, Mexico|
|Jerónimo Arango, co-founder
Scot Rank, (CEO)
Eduardo Solórzano Morales, (Chairman)
|Revenue||US$31.7 billion (2012)|
|US$1.7 billion (2012)|
Number of employees
|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)|
Walmart's Mexico division, the largest outside the U.S. as 2015, consists of more than 2,290 stores around the country, including WalMart Supercenter stores and some 250 Sam's Club stores. It has been traded in the Mexican Stock Exchange since 1977 (as Cifra). 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. 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.
At the end of December 2011, Walmart operated 2,037 retail outlets in Mexico, including restaurants and supermarkets, under the Walmart, Superama, Suburbia, VIPS, Sam's Club and Bodega Aurrerá 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. It competes with Soriana, Comercial Mexicana, Chedraui, H-E-B, Casa Ley, and S-Mart.
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 have more than 2,290 stores, including WalMart Supercenter stores, and some 250 SAM'S Club stores.
In 2008, a Mexican court ruled that Wal-Mart de Mexico could not pay its employees in vouchers redeemable only at the store, as it violated an article of the country's Constitution.
- "Wal-Mart de Mexico, S.A. de C.V. History" listing on Funding Universe.Com
- David Barstow (April 21, 2012). "Vast Mexican Bribery Case Hushed Up by Wal-Mart After High-Level Struggle". The New York Times. Retrieved April 22, 2012.
- Elinor Comlay (10 September 2013). "Mexico's Alsea to buy Walmex restaurant chain for 8.2 billion pesos". Reuters.
|Wikimedia Commons has media related to Wal-Mart in Mexico.|
- Wal Mart de México corporate website
- Wal-Mart quits Mexican trade group, article at the Memphis Business Journal.
- "Adquisiciónde WalMart Centroamérica va acorde con política de expansión de la compañía"