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Mexican business FEMSA Comercio, which controls the Coca-Cola bottler FEMSA and operates the OXXO convenience store chain, has reached an agreement to acquire OK Market, OXXO’s direct competitor in Chile.

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In October 2019, Uber announced it had reached an agreement to acquire a majority stake in Chilean grocery delivery start-up Cornershop, subject to regulatory approval ( covered here ). The move would enable Uber to extend its on-demand offer across the Americas to include grocery delivery. Source: Cornershop In July 2020 Uber Technologies unveiled that users in select Latin Americ...
With Walmart confirming the sale of its UK-business, Asda, to the Issa Brothers and TDR Capital, we look at what the deal means for the retailer. 1. Opportunity to benefit from business improvement This transaction follows on from a similar move in Brazil in 2018, when the retailer divested an 80% majority stake of its operations in the country to private equity firm, Advent Internati...
We review Costco’s fourth quarter and full year sales, including the outlook for the holiday season, ecommerce development and further expansion. Key numbers Q4 net sales increased 12.5% to $52.3bn Comparable store sales increased 14.1%, ex-fuel and currency impacts; 13.6% in the US, 12.6% in Canada and 18.8% in other international markets Comparable ecommerce sales increased 91.3%...

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