Blog: Chile 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?
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- How Tyson's new CEO plans to grow the meat group
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti