Companies / Mexico
Soriana's Acquisition Of Gigante Leaves Comerci Trailing
July 2008 | Company News AlertSoriana, Mexico's second largest retailer, has posted a massive jump in turnover for the second quarter of 2008 thanks to the acquisition of Gigante's retail operation, which it bought in December 2007. However, Soriana's net profit fell during the quarter due to costs associated with the integration and a massive advertising campaign to attract shoppers to the newly acquired
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