Wal-Mart Set For Record Brazilian Investment

Wal-Mart Brazil's chief executive, Hector Nunez, has said that the unit will have invested BRL1.6bn (US$813mn) by the end of 2009, representing Wal-Mart's biggest ever annual investment in Brazil. The money is going towards opening 90 new stores and investing in 348 existing outlets. This massive program of expansion follows a sustained period of investment over the last four years, during which the firm has invested

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