Authorities in Costa Rica confirmed their judgment against Walmart's request to buy the supermarket chain Gessa, ending the case through administrative channels.
At the beginning of December 2018, the Commission for the Promotion of Competition (Coprocom) denied Walmart the request to purchase the Gessa group. Days later, the two companies involved in the transaction filed two appeals to overturn the decision.
In Costa Rica, AR Retail company plans to invest $6.2 million in the next few years to start up nine stores in the Greater Metropolitan Area.
The company's plan to commercialize the brands GAP, Banana Republic and Old Navy, is to launch the first two stores in 2019, another three in 2020 and the remaining four in the following years.
On March 14 and 15, an international convention will be held in Panama City, focusing on issues related to the evolution of shopping centers in Latin America and the Caribbean.
The event called " 1st International Congress of Shopping Centers" is organized by the Panamanian Association of Shopping Centers (APACECOM) and aims to discuss issues related to the relevance of customer loyalty through knowledge and digital engagement, how to create successful stores from the perspective of visual merchandising, exploring the impact of shopping centers in intermediate cities, among others.
Walmart launched a new distribution center for vegetables, fruits, vegetables and grains in Coris, Cartago.
The company reported that the new distribution center has the capacity to serve 140 agricultural producers per day, is located on a 150,000 m2 lot and the construction area is 24.000 m2.
The measure initially defined as transitory, became permanent in Panama, since the beginning of the Varela administration has been extended nine times, leaving negative balances in some sectors.
Juan Carlos Varela will close his administration with a new extension of the controversial measure that regulates the prices of 22 products of the basic basket, affecting several sectors, including meat producers, who report economic losses.
Businessmen from the commercial sector in Costa Rica expect for the Christmas season a sales behavior like that seen during the Black Friday Weekend.
According to the Chamber of Commerce, the moderate growth of the commercial sector is the result of the uncertainty and economic slowdown that the country is going through, in addition to the increases in interest rates and the exchange rate.
In response to the brake placed by the Commission for the Promotion of Competition on the purchase of Gessa by Walmart, in Costa Rica both companies presented two independent appeals that seek to revoke the blockade of the transaction.
Last week, the Commission for the Promotion of Competition (Coprocom) denied Walmart the purchase request of the supermarket group Gessa, and just days later, on December 10th, the two companies participating in the transaction filed two appeals to overturn the judgment.
Arguing that there are risks that the economic agent will affect market prices, in Costa Rica the Commission for the Promotion of Competition denied Walmart the request to purchase the supermarket group Gessa.
Representatives of the Commission for the Promotion of Competition (Coprocom) informed that the decision was taken unanimously on December 4th and the parties were notified the following day.
After a $20 million global investment, Grupo Rey launched a meat processing plant and a cold and frozen distribution center.
By inaugurating two industrial plants, which together cover an area of 7,400 m2 and are in the capital, in the La Locería sector, the business group aims to improve production, distribution and supply processes.
In Panama, the owners of Grupo Rey agreed to sell 60% of the shares to Ecuador's Corporacion Favorita, a transaction that could cost $273 million.
The Share Acquisition Public Offer (OPA) launched by Corporacion Favorita was established at $8.58 per share, in which the Ecuadorian group committed to purchase 60% of the issued shares, for which it will acquire approximately 31.8 million shares.
Managua's restaurant trade association reports the closure of at least 700 fast food restaurants in recent months.
According to representatives of the Association of Restaurant Owners of Managua, due to the low levels of sales reported in recent months, at least 700 restaurants have closed their operations.
During the first five weeks of a strike called by public unions in Costa Rica, 76% of businesses reported economic losses and 18% had to lay off staff.
The Costa Rican Chamber of Commerce carried out a study with the objective of measuring the losses of companies in the sector, derived from the strike carried out by the country's public unions, which began last September 6th.
In Costa Rica about 30% of supermarkets are in San Jose, Guatemala, the metropolitan area concentrates 45% of establishments, while in Panama, 32% are in West Panama.
An analysis of the Trade Intelligence area of CentralAmericaData provides interesting results on where they are located, who they are, if they operate independently or if they belong to a chain or business group.
This property, located at only 0.9 miles (1.5 KM) or 2 minutes from highway 27 can be used to build: A hotel – Industrial complex - Houses – Offices – Storage/Ware houses – School - Hotel This is an exceptional opportunity for a commercial...
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
Coffee Estate, development property or tourism, 20 titled lots, ready to build with public roads, water and power, great location, ocean views, private, close-in, waterfalls, tilapia, fruits and more. Less than an hour to shopping, medical services,...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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