Wal-Mart has moved the head of its stores in Brazil to run its business in Asia.
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The US retail behemoth yesterday (14 January) named Vicente Trius as president and CEO of Wal-Mart Asia, where he will oversee the company’s business in Japan and China.
“Having Vicente based in the region will bring focus to our Asia business and help us continue the rapid growth of our retail operation,” said Wal-Mart vice chairman Michael Duke.
Wal-Mart has been bullish about its prospects in China and sees its business growing 30% a year.
In Japan, however, Wal-Mart has moved to take full control of its local venture, Seiyu, after a run of lacklustre results.
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By GlobalDataTrius insisted Wal-Mart has a “very successful” business in Asia. His replacement in Brazil will be Héctor Núñez, Wal-Mart’s COO in the Latin American country.
