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Showing posts from February 10, 2014

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.

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…

STILL YIELDING FRUIT : 200-year mango trees recognized as heritage trees of Vietnam

VietNamNet Bridge – Twenty ancient mango trees of over 220 years old in the central province of Phu Yen have been named the heritage trees of Vietnam.

An ancient mango tree. Photo: Anninhthudo

Ancient mango trees at Tu Quang temple. Photo: VGP

These trees are located on the campus of a Buddhist temple named Tu Quang or Da Trang in Can Luong village, An Dan commune, Tuy An district.

A ceremony was held on the morning of February 9 at the temple to celebrate the title.

At the ceremony, Mr. Nguyen Dieu, vice president of the Vietnam Association for Conservation of and Environment (VACNE) presented the certificate of the Vietnam Heritage Tree to the temple managers.

On this occasion, the temple welcomed thousands of pilgrims.

According to official documents, the mango trees were planted by a Buddhist monk named Phap Chuyen in 1793. The mangoes were very delicious so they were offered to the kings.

Today, the mango trees of over 220 years old still yield fruits annually.

Also, a 13-root banyan in T…