Content about Mexico

March 27, 2013
Wal-Mart: Loss from bribery probe likely

Wal-Mart Stores Inc. revealed in a Tuesday SEC filing that it will most likely incur a loss from bribery probes into its operations in Mexico and other countries.

February 22, 2013
Cost of compliance continutes to mount

Expenses related to Walmart’s ongoing Foreign Corrupt Practices Act and related compliance matters will reach $200 million by the end of the first quarter, according to disclosures made Thursday in conjunction with the release of fourth quarter financial results.

January 25, 2013
Ex SuperValu and Pepsi execs join Clorox board

Former SuperValu CEO Jeff Noddle and former Pepsi Bottling Group, Mexico, chairman Rogelio Rebolledo are the newest members of the Clorox board of directors.

January 11, 2013
Walmart makes Latin American leadership change

The head of Walmart’s Chilean operation will assume responsibility for all of Latin America following the retirement of current president and CEO Eduardo Solorzano.

December 18, 2012
NYT: Walmart paid bribes in Mexico

Walmart’s ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

December 12, 2012
Sugar substitute gets sweet on Mexican market

Sugar substitute Truvia will expand beyond U.S. borders, bringing its stevia sweeteners to Mexico.

December 4, 2012
Online acquisition overshadows soft sales at Autozone

AutoZone said it acquired online automotive retailer AutoAnything.com in conjunction with the release of first quarter earnings Tuesday morning.

November 12, 2012
Home Depot opens 100th location in Mexico

Home Depot has opened its 100th location in Mexico, according to an article in El Financiero. The Atlanta-based retailer now operates 95 stores in 60 cities in Mexico, where it generates annual revenues of $1 billion, the newspaper said.

In the final quarter of 2012, Home Depot will open stores in the towns of Coahuila, Sonora, Veracruz, Michoacán and Nuevo León.

 

September 26, 2012
McCormick adds Lilly exec to board

Global flavorings leader McCormick & Company named Eli Lilly & Company executive Jacques Tapiero to its board.

September 10, 2012
Gap to make official freestanding debut in Mexico

Gap Inc. will open its first standalone store in Mexico, part of the retailer’s previously announced global expansion strategy.

August 17, 2012
The words no investor wants to hear

It may be the right thing to do long-term, but Walmart’s plans to slow growth in China, Mexico and Brazil didn’t sit well with investors this week.

July 27, 2012
When the only thing clear is the lack of clarity

An “exclusive” report from Reuters this week suggests U.S. authorities are poised to put the retail industry under the microscope as a result of Walmart’s bribery scandal in Mexico.

July 12, 2012
Heineken USA brings historic Mexican beer to the States

Heineken USA announced that it has brought Indio, a dark beer that has been sold in Mexico since 1893 to the United States.

June 29, 2012
Mexican and Chilean operations among Latin America’s top BrandZ

Walmart’s Bodega Aurrera stores in Mexico and Lider stores in Chile are among the most valuable Brands in Latin American, according to an extensive new report by global communications giant WPP.

June 22, 2012
Mexican expansion delay has international implications

The timing of store openings in Mexico and Central America will be delayed by as much as 90 days due to what the company described as “process changes” that will increase the time required to open a store.

June 22, 2012
Walmart's Mexican expansion delay has international implications

The timing of store openings in Mexico and Central America will be delayed by as much as 90 days due to what the company described as “process changes” that will increase the time required to open a store.

June 11, 2012
NYC files derivative suit vs. Wal-Mart

A report by Reuters said that New York City's pension funds have filed a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials.

June 1, 2012
Keeping the faith at 50, Walmart looks forward

Walmart held its annual shareholders’ meeting Friday morning against the backdrop of the company’s 50th anniversary and allegations of corruption in Mexico.

May 22, 2012
California pension fund at it again

The California State Teachers' Retirement System (CalSTRS) intends to use its 5.3 million shares to block the reelection of the entire board of directors of Wal-Mart Stores.

May 18, 2012
Uno's gets a slice of Sam's Club Mexico shoppers

Sam's Club shoppers in Mexico who have a hankering for deep dish pizza will soon be able to satisfy their craving thanks to a new deal with Uno Foods and Sam's Club.

May 8, 2012
OfficeMax Q1 profits drop on store closing costs

Charges related to store closures in the United States caused OfficeMax's first quarter net income to drop from $4.9 million, or 6 cents per diluted share, compared with $11.4 million, or 12 cents per diluted share, in the first quarter of 2011.

May 4, 2012
We don’t need no stinking badges – WMT execs guilty!

The California State Teachers’ Retirement System (CalSTRS) this week filed a lawsuit against current and former Walmart executives stemming from the April 22 New York Times article, which chronicled the company’s alleged use of bribes to accelerate expansion in Mexico and efforts by top executives to quash an investigation when the situation was called to their attention.

April 26, 2012
What is bribery anyway?

With all sorts of media outlets riding the coattails of the New York Times investigative reporting on Walmart’s alleged bribery of Mexican officials and subsequent cover up, Forbes asked the logical question of whether paying money to government officials to get things done in Mexico is even illegal under the U.S. Foreign Corrupt Practices Act. Read more.

 

April 23, 2012
Wal-Mart’s Mexican unit hit by bribery scandal

Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas.

February 23, 2012
RadioShack announces Mexico head

RadioShack Corp. said Thursday that it has named William "Bill" Nebes III as senior VP, overseeing the company's operations in Mexico.

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