1958
The first Aurrera store opened in Mexico City.
1960
Superama began operations.
1964
Vips began operations.
1970
Suburbia and Bodega Aurrera began operations.
1977
Cifra shares were first listed on the Mexican Stock Exchange.
1991
A joint venture agreement (50% - 50%) was signed with
Wal-Mart to open Sam's Club in Mexico. The first Sam's Club opened its doors in December of that same year.
1992
New units of Aurrera, Bodega Aurrera and Superama were incorporated into the joint venture (Cifra stops independent growth in these formats), along with the Wal-Mart Supercenters.
Thus, two companies were created: Cifra-Mart and WMHCM, owned 50% by Cifra and 50% by Wal-Mart.
Cifra still held 100% of the units opened before May 1992.
1993
Wal-Mart Supercenter began operations.
1994
New units of Suburbia and Vips were incorporated into the joint venture.
Cifra ended independent growth.
1997
The joint venture companies merged into Cifra. Wal-Mart made a public......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Wal Mart
Approximate Word Count: 233
Approximate Pages: 1 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Wal Mart, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!