Soriana to Buy Rival's Stores

Soriana to Buy Rival's Stores

Mexico

Mexican retailer Soriana has agreed to acquire the Mexican and US stores of Grupo Gigante for $1.35bn, plus inventories and rent on locales. A sale to one of several large retailers had been rumored since early November, when Gigante announced it had

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial