11 September 2013
Walmart de México y Centroamérica has announced an agreement with Alsea, under which Alsea will acquire 100% of the retailer's restaurant division, VIPS.
Part of Walmex's plan to simplify operations
Walmex's restaurant division operates under various banners: VIPS, El Portón, Ragazzi y La Finca. The transaction, worth MXN8.2bn, has yet to be approved by regulatory authorities. Alsea will...