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Interspar – all stores were taken over by Wal-Mart in 1998 Toom – rebranded to Rewe Center in 2014 Wal-Mart – moved into Germany in 1997 by taking over Wertkauf stores, followed by Interspar stores the year after, but failed by trying to use its American approach in Germany; in 2006 the remaining 85 hypermarkets were changed to Real ...
Cifra - Walmart's operations in Mexico started as Walmex, a joint venture between Cifra of Mexico and Wal-Mart Stores, Inc. Walmart later bought a majority interest in Cifra and changed the name to Walmart de Mexico. Walmex is independently traded on the Mexican stock exchange, although Wal-Mart Stores, Inc. holds a majority interest.
In March 2020, Walmart India announced that Iyer will be moving to an advisory role by April 2020 as his contract with the company is set to expire. Sameer Aggarwal has been elevated as head of Walmart's India operations to replace Iyer.
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to ...
Two weeks ago the government of India approved legislation that would permit non-Indian majority ownership of multi-brand retail operations. The new legislation has opened the door to foreign ...
Wal-Mart Stores (WMT) CEO Michael Duke said he is "optimistic" that foreign companies will be allowed to invest in the Indian retail sector. Wal-Mart is hoping that India's government will loosen ...
With United States population of about 300 million, and India's population of about 1200 million, if Walmart-like retail companies were to expand in India as much as their presence in the United States, and the staffing level in Indian stores kept at the same level as in the United States stores, Walmart alone would employ 5.6 million Indian ...
Potential shoppers in India are awestruck as they watch the first Wal-Mart. Only retail flunkies find the humor in news about store expansion, but this piece from the Wall Street Journal ...