Walmex says Mexican competitors authority opposes Walmart’s Cornershop buy

FILE PHOTO: Males stroll previous the emblem of Walmart exterior a retailer in Monterrey, Mexico February 12, 2018. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) – Mexico’s greatest retailer, Wal-Mart de Mexico, mentioned on Wednesday that the nation’s Federal Competitors Fee opposes its dad or mum firm Walmart’s acquisition of grocery supply platform Cornershop.

“We’re analyzing the scope of this decision and the measures we are going to undertake, since we’re positive that this operation is optimistic for the aggressive surroundings and for the buyer, and that it drives the event of eCommerce in Mexico,” mentioned Walmex in a press release.

Reporting by Anthony Esposito; Modifying by Frank Jack Daniel

Author: Maxwell C.

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