Companies / Peru
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Grupo Wong Scales Up Expansion
July 2007 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Leading Peruvian retailer Grupo Wong has reportedly dismissed the likelihood of an imminent sale while upping its expansion plans to some 30 new stores over two years. It appears the wholly Peruvian owned chain will remain family controlled and the local mass grocery retail (MGR) market a virtual duopoly under national control, although Chilean player Falabella has a third-place position in Lima. Nonetheless, regional and multinational retailers will continue to eye the dynamic Peruvian market as they look for scale in the