On 8 November 2007 Grupo Gigante announced to the Mexican Stock Exchange that it was evaluating its strategic options and that this process may lead to the sale of assets, mergers or strategic alliances. It confirmed that no agreement had yet been reached.
On 20 November an anonymous spokesman for the CFC, Mexico's competition commission, stated that Wal-Mart de Mexico, Walmex, had withdrawn its request to acquire either Gigante or those of its assets it might put up for sale. Soriana had previously announced that it would await a formal sale announcement before reaching a decision as to whether it would bid.
Two Chilean retailers, Cencosud and Falabella, have formally signalled their interest in pursuing discussions with Gigante and its advisers.
In a separate development Wal-Mart de Mexico announced on 13 November that it planned to accelerate the development of its banking unit by opening up to 80 new branches in 2008. The foundation of Banco Wal-Mart de Mexico Adelante SA was announced in November 2006 and started operations in the second half of 2007. It offers savings accounts, debit cards, and credit to individual and small-business customers.
Mexico Mass Market Retailing 2007
Snapdata's Snapshots Mexico Mass Market Retailing 2007 provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the Mexican mass market retailing market, and covers supermarkets, department stores and specialised stores. Market value is based on gross sales. The data is supplied in both graphical and tabular format for ease of interpretation and analysis. The Snapshots Mexico Mass Market Retailing 2007 forms part of Snapdata's Retail industry coverage.
Wal Mart De Mexico 2007
Snapdata's Wal-Mart de México SA de CV Company Snippet 2007 report gives an instant overview of Wal-Mart de México’s company background and history. The report provides a time-saving valuable overview of the company, history, M&A activity, management, products and brands. The Wal-Mart de México Company Snippet 2007 forms part of Snapdata's Company Snippets Series.
Brazil Supermarkets & Hypermarkets 2007
Snapdata's Snapshots Brazil Supermarkets & Hypermarkets 2007 provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the Brazilian supermarkets and hypermarkets market, and covers traditional supermarkets, hypermarkets and large supermarkets, and small supermarkets. Market value is based on gross sales. Market volume is based on number of stores. The data is supplied in both graphical and tabular format for ease of interpretation and analysis. The Snapshots Brazil Supermarkets & Hypermarkets 2007 forms part of Snapdata's Retail industry coverage.
