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FOCUS ON RETAIL : Walmart makes US$1.5 billion buy out of brothers in Chile



















Monday, 6 January 2014 (1 month ago) by Lulu Rumsey








Claro y Cía has helped Walmart buy out the two sons of the founder of its Chilean operations, paying US$1.5 billion for their stake in the supermarket chain that operates in the country as Lider.






Chilean Supermarket





With more than 800 locations, Líder Supermarkets is the largest supermarket chain in Chile. 





Offering three distinct shopping experiences, including 100,000 square-foot superstores as well as smaller, boutique-style establishments, the Líder chain and its 35,000 employees are responsible for creating a pleasant – and safe – shopping experience for its more than 176 million customers. 


http://www.pelco.com/sites/global/en/solutions/retail/chilean-supermarket.page







Walmart took over Chile in only three years



25 Sep 2012




by Clark Kent





Three years after entering Chile, Walmart controls a staggering 34 percent of the entire market. 




Walmart entered Chile in 2009 when it acquired D&S, a leading food retailer there. It promptly changed its name to “Walmart Chile” and built off the existing infrastructure.










The stunning statistic about Walmart was part of a speech made by an Indian politician Anurag Thakur opposing foreign direct investments into the country. 




The country’s “Big Bang” reforms will allow Walmart and other major retailers to sell directly to Indian consumers and will allow some retail stores to open there.






He gave the remarks in a speech opposing U.S. businesses entering the emerging market, the Economic Times reported. Thakur also said that Walmart has left many shopkeepers in Chile penniless and out of business.






This report by UNI Global Union explores the impact Walmart has on suppliers in foreign countries, including Chile:





“In the long term, Walmart pushes prices paid to farmers and manufacturers down rather than raising them, and producers unable to accept such concessions simply go out of business. The company is so large that it has the power to dictate the terms of suppliers’ contracts, including turnaround time, quality, quantity and price.”






And the control it has in the country:





“In urban Chile, when modern retail arrived in the early 1990s, a large number of small shops went out of business in the span of just a few years. As reported in ICRIER’s May 2008 report, between 1991 and 1995, “15,777 small shops went out of business, mainly in Santiago, a city of 4 million, “representing”21-22% of small general food, meat and fish shops, 25% of deli/meat shops and dairy shops, and 17% in produce shops. Chile’s food retail sector has continued the process of consolidation to the point of negatively impacting free competition. In December 2011, government competition authorities announced an investigation of Chile’s highly concentrated grocery sector, where Walmart is the largest player with 33.4% market share, for possible price collusion of basic products including meats and detergents.”









http://www.hangthebankers.com/walmart-took-over-chile-in-only-three-years-is-your-country-next/

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