Blog: Dean BestChile the next stop for Wal-Mart juggernaut

Dean Best | 23 January 2009

Today (23 January) came confirmation of Wal-Mart's growing desire to further expand internationally.

The world's largest retailer has had its tender offer for a majority stake in Chilean grocer D&S accepted – making the Latin American country the US titan's 14th overseas market.

The deal gives Wal-Mart control of Chile's largest food retailer, which has a narrow lead over local rival Cencosud.

More broadly, the acquisition is another sign that Wal-Mart is looking to increase its focus on its international businesses.

Next month, a new captain will be steering the good ship Wal-Mart with Mike Duke set to become president and CEO.

Duke has spent the last three years running Wal-Mart International, which, as a stand-alone business, is expected to see sales reach almost $100bn this year.

While Wal-Mart has benefited in its own backyard from the economic downturn, as US consumers clamour for value, the retailer is looking to spend more internationally.

Will Russia – at last – be next?


BLOG

We wish you a merry Christmas

Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...

BLOG

UK food associations come together on Brexit

The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...

BLOG

Amazon cools talk of plans for wave of grocery stores

An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....

just-food homepage



Forgot your password?