Guatemala's Pollo Campero fried-chicken chain opened its first restaurant in a US Wal-Mart store, the Rowlett, Texas, Supercenter.
Executives of Pollo Campero's US operation aim to open 20 restaurants in Wal-Mart stores nationwide by the end of next year. Wal-Mart favors the venture as it tries to reflect a more multi-cultural image in its stores.
For this transaction, Walmex will pay $110 million in cash and issue stock for $593 million.
Wal-Mart Central America is owned by Wal-Mart Stores Inc. (51%) and minority shareholders (49%). It operates 519 stores, 11 distribution centers, and agri-industrial operations in 5 countries (Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica).
Wal-Mart Mexico (Walmex), "... will make subsequent cash and stock payments. It proposes issuing 55 million shares, to be distributed to the current shareholders of the Central American company if certain profitability levels are met".
The opening of the fourth Wal-Mart pharmacy in the country will be held on March 30 at the Maxibodega supermarket.
According to El Financiero of Costa Rica, Yolanda Fernandez, manager of corporate affairs for the company, said that "the new facility will sell all types of medicine, injections, blood pressure control and vaccinations."
Florida Beverage laid off 136 people, Wal-Mart 60 people and Scotiabank 10% of its payroll, as measures to face the economic crisis.
At Wal-Mart, the lay offs were in administrative levels, as part of the 200 jobs that it reduced at a regional level. The company, however, plans to create 1000 jobs in the region through the opening of 22 new stores.
Wal-Mart is evaluating entering the Colombian market via the Olimipica Tiendas Stores, 50% partner in the Costa Rican MegaSuper supermarkets, according to information from the Chilean and Colombian media.
Elfinancierocr.com reported "that in June 2005 Olimpica, presided by Antonio Char Chaljub, bought over half of the Mega Super supermarkets, which is the second largest chain in Costa Rica after Wal-Mart."
Wal-Mart Central America invited Small and Medium producers of consumer articles to the Rounds of Negotiation for the "A Hand to Grow" program.
The Round of Negotiation is a one day event in which appointments for negotiations between the producer and the Category Manager (buyer) for Wal-Mart Central America. The products that are accepted will be offered in designated pilot stores for a testing period of 90 days.
The supermarket chain, Wal-Mart, plans to continue its expansion and its strategy leans towards attending consumers in the province.
According to Aquileo Sanchez, Communications Director for Wal-Mart Central America, through the rest of 2008 and the beginning of next year, they plan to open between 10 and 15 new stores. Sanchez said that this proposal is a part of a strategy of focusing its objectives on consumers who are looking for basic items at low prices.
31 Salvadoran entrepreneurs presented their products to Wal-Mart executives, at the Business Round organized by the multi-national company.
The event “Business Round” is part of Wal-Mart’s program “A hand to grow.” Claudia de Ibáñez, Manager of Corporate Affairs for Wal-Mart Central America, commented to Laprensagrafica.com that “something that is worth underlining is that the support of family businesses stimulates job growth. Through this project, 45 producers have joined the Wal-Mart’s network of suppliers who provide more than 100 products, such as coffee, corn derivatives, or Jamaican Rose Wine.”
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