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Walmart

August 15, 2011

The Walton family’s Walmart is reportedly looking at the possibility of expanding its operations in Brazil, after saying last year it was disappointed with its results in the South American country.

The Walton family’s Walmart is reportedly looking at the possibility of expanding its operations in Brazil, after saying last year it was disappointed with its results in the South American country.

According to the Financial Times, the US retail giant, which is due to report its earnings tomorrow, has hired UBS to examine a potential bid for Carrefour’s Brazilian operations, despite the French company claiming the business is not up for sale.

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

June 6, 2011

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

The world’s largest retailer, family-controlled Walmart, announced on 3 June that it will buyback company shares, a move that will increase the Walton family’s stake in the business.

At the Arkansas-based group’s 41st annual shareholders meeting, the company announced that it will buyback $15 billion shares from investors – a continuation of last year’s $13 billion share repurchase.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

February 23, 2011

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

In a statement, the Arkansas-based retailer said that revenues rose by 2.5% to $115.6 billion while its profits increased by 27% for the fourth quarter. This rise was attributed to the company’s strong operations of Walmart International and Sam’s Club, while emerging markets too had seen a boost with every country contributing to an increase in sales.

December 14, 2010

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

The company said it had hoped to enter the Russian market via acquisitions, but that it had found no partners with which to pursue this aim.

December 2, 2010

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Dough McMillon, chief executive of Walmart's international business, said in an interview with the Financial Times that it will be opening a series of "compact hypermarkets" in China based on the company's successful model used in Latin America.

November 29, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

This news comes after Walmart announced in September it was in preliminary talks with Massmart to acquire a stake in the company. 

September 28, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the world's largest retailer by revenues, announced yesterday that if its initial proposal was successful it planned to offer R32 billion (€3.4 billion) for Massmart, which is South Africa's third-largest retailer with 290 stores and a presence in 13 other countries in southern Africa.

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