FoodClips
Source: Reuters
July 7 2010 - Chedraui, Mexico's No. 4 retailer which went public in late April, said it financed the purchase of Fiesta, with its 11 stores, with debt.
Chedraui, which has 142 stores in central and southern Mexico, said it has already exceeded its goal of operating 26 additional stores at the end of the year. With the Fiesta purchase, the company said it was on track to add 34 stores by the end of 2010.
Read more [http://www.reuters.com/article/idUSN0617802820100707]
FoodBizIntel®
Grupo Comercial Chedraui, S.A. de C.V.
Address: Privada de Antonio Chedraui Caram s/n, Colonia Encinal Xalapa, 91180 Mexico
Telephone: +52-228-842-1100
Fax: +52-228-842-1129
About Grupo Comercial Chedraui, S.A. de C.V.
If Grupo Comercial Chedraui can't give you the whole enchilada, it certainly can provide you with everything you need to make one. One of Mexico's leading retailers, the company sells groceries, apparel, appliances, and other non-perishable items in about 100 Chedraui supermarkets, hypermarkets, and warehouse stores in southeastern Mexico, which is among the least developed regions in the country. It also owns 15 check-cashing and remittance locations under the CheSuma name and has a large stake in Bodega Latina, which has half a dozen El Super supermarkets in the Los Angeles area. Established in 1927, the firm is owned by the founding Chedraui family. It announced plans for an initial public offering in 2010.