Mexico’s antitrust regulator has blocked an alliance formed by three supermarket retailers to compete against retail giant Wal-Mart de Mexico (Walmex).
Go deeper with GlobalData
Mexican retailers Gigante, Soriana and Comerci formed a joint purchasing venture called Sinergia last year which aimed to obtain better prices from suppliers so that the retailers could better compete with Walmex,
“The creation of Sinergia was rejected,” a high-ranking official in the government’s Federal Competition Commission, or CFC, was quoted by Reuters as saying.
Walmex is majority owned by US retail titan Wal-Mart.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
