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US retail expansion?

 
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Bill
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Joined: 10 Feb 2005
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PostPosted: Thu Dec 15, 2005 6:38 am    Post subject: US retail expansion? Reply with quote
RETAIL/FOODSERVICE NEWS
Wal-Mart purchases Brazilian supermarket chain

by Pete Hisey on 12/15/2005 for Meatingplace.com
Quote:
Wal-Mart Stores Inc. has purchased the Brazilian operations of the Portuguese retailer Sonae SGPS for about $750 million.

The purchase gives Wal-Mart 140 supercenters, supermarkets and wholesale clubs throughout southern Brazil, roughly doubling the retailer's presence in the country.

The two chains accounted for $4.6 billion in sales in Brazil last year, making the combined company a close third in size to its main competitors, Carrefour and CBD.

A year ago, Wal-Mart purchased the Bompreco supermarket chain from its former owner, Ahold.
I wonder what Brazilians are saying about Americans taking over their food distribution system? Major expansion by the US into Canada's retail food market is planned for next year.
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PORKER
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Joined: 02 Mar 2005
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Location: Michigan-Florida
PostPosted: Fri Dec 16, 2005 9:53 am    Post subject: Hum Reply with quote
Where's da Beef?
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Econ101
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Joined: 26 Aug 2005
Posts: 7061
Location: TX
PostPosted: Fri Dec 16, 2005 11:53 am    Post subject: Re: Hum Reply with quote
PORKER wrote:
Where's da Beef?


And Chicken? Both are Cargill's south american domain.
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