Chedraui

Chedraui
Grupo Comercial Chedraui, S.A.B. de C.V.
Type Public company (BMV: CHEDRAUI)
Industry Retail
Founded (1927)
Founder(s) Lázaro Chedraui Chaya
Headquarters Xalapa, Mexico
Key people Antonio Chedraui Obeso (Chairman),
Antonio Chedraui Eguia (CEO)[1]
Revenue increase US$ 4.3 Billion (2010)
Net income increase US$ 115.5 Million (2010)
Employees 23,000
Website chedraui.com.mx

Chedraui (BMV: CHEDRAUI) is a publicly traded Mexican grocery store and department store chain. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.[2]

Contents

History

Chedraui was founded in 1927 in Xalapa, Veracruz by Lázaro Chedraui Chaya and his wife.[3] In 1971 it opened the first supermarket in Xalapa, Veracruz. In 2005 it bought 29 supermarkets from Carrefour.[4] Chedraui's primary competition includes large grocers and hypermarkets such as Soriana, Wal-Mart and H-E-B.

According to Hoover's, it is "Mexico's fourth-largest retailer, the supermarket giant sells groceries, apparel, and non-perishable items in about 90 self-service Chedraui stores operating in 13 eastern and southern Mexican states. Chedraui also owns about 15 La Hogaza bakeries"[3]. It has a large stake in Bodega Latina, a Paramount, California-based company which operates 34 El Super supermarkets, mostly in the Los Angeles area[5].

In addition to retail, the group has a real estate arm.

Gallery

External links

References



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