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

Brexit customs "could cost UK traders GBP4bn a year"

As the rain hammers on our windows this afternoon (11 September), a report in the UK offers companies doing international business some gloomy reading - post-Brexit customs could cost the country's tr...

BLOG

Do you get just-food's newsletters? You need to do something

If you receive just-food's newsletters, we have a message....

BLOG

UK consumers to cut back on fruit and veg - and point to Brexit, study says

Whatever your view on Brexit, a piece of research issued today (18 July) in the UK on fruit and veg consumption will likely unite more of you than last year's divisive vote....

BLOG

Cyber attack - another wake-up call for business

A month after an international cyber attack hit entities including the UK's National Health Service and Spanish telecoms giant Telefonica, another has caused havoc around the world, affecting business...

just-food homepage



Forgot your password?