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Walmart

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.

August 18, 2010

The Walton family is likely to have benefitted from the boost in earnings in the second quarter 2010 at the family-controlled retailer, Walmart.

The Walton family is likely to have benefited from the boost in earnings in the second quarter 2010 at the family-controlled retailer, Walmart.

The world's biggest retailer reported a 3.6% year-on-year rise in earnings to $3.6bn, despite being hit by weaker sales. Like for like sales at its 3,500 supercentres had fallen 1.8% during the second quarter against a year ago.

April 1, 2002

To succeed in business and be able to compete with the government and foreign investment, family businesses in Brazil need to concentrate on modernisation and educating future generations

To succeed in business and be able to compete with the government and foreign investment, family businesses in Brazil need to concentrate on modernisation and educating future generations

Family business has played a prominent role in Brazil from the 16th century to the present day. However, privatisation and globalisation have seriously affected the success and overall prevalence of family businesses.

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