Walmart confirmó la compra de Cornershop por una millonaria suma
Walmart confirmó la compra de Cornershop por una millonaria suma
Walmart de México (Walmex) informó este jueves que su accionista mayoritario, Walmart, acordó comprar Cornershop por 225 millones de dólares. Además, se conoció que tras dicha adquisición le venderá las operaciones de la plataforma de entregas a domicilio en México y Centroamérica.
“Walmart ha llegado a un acuerdo definitivo para adquirir Cornershop por 225 millones de dólares. De forma…
Walmex presented in December its biggest monthly drop since August 2013.
After discovering last week that Walmart earnings have taken a significant fall, bad news has not stop coming for the multinational company. The retail sales in Mexico presented in December its biggest monthly drop since August 2013.
These results overshadow slow advance that Walmex had had during the previous two months and…
Walmex presentó en diciembre su mayor caída mensual desde agosto de 2013.
Después de que la semana pasada se conociera que las ganancias de Walmart habían tenido una caída significativa, las malas noticias no acaban de llegar para la multinacional, ya que las ventas al menudeo de su filial en México presentaron en diciembre su mayor caída mensual desde agosto de 2013.
Following Mexico scandal, lawsuits take a bite at Wal-Mart’s board
Lawsuits keep lining up against Wal-Mart executives
By ALEJANDRA LASCURAIN
New York City Pension Funds on Monday joined others across the U.S. in their efforts to change how the company is run by filling a shareholder suit against top executives.
The suit accuses Wal-Mart executives of "breach[ing] their fiduciary duty to the company and its shareholders by failing to properly handle credible claims of the bribery allegations and attempting to cover up details of the scandal," according to a statement by New York City Comptroller John Liu.
The cases are grounded on “derivative actions," meaning that if the plaintiffs receive a ruling in their favor, any fees and penalties recovered for losses in Wal-Mart's share price resulting from corruption scandals, for example, will be taken from executives' pockets and given back to Wal-Mart as compensation.
The lawsuit includes 27 current and former Wal-Mart executives including Eduardo Castro-Wright, leader of Walmex at the time bribery instances occurred. Since April, the company has yielded to pressures from different groups and shareholders to restructure its board of directors as a more independent and accountable entity.
Before the Mexico bribery scandal was unveiled by the New York Times in late April, executives had not notified authorities about problems at Wal-Mart's Mexico subsidiary Walmex, rousing contempt from U.S. shareholders.
Contrary to the reaction in America, Mexican authorities were slow and unconcerned in addressing the issue. Corruption charges against Wal-Mart in Mexico amount to $24 million in bribes paid to local officials, aimed at easing the company’s path through Mexico’s bureaucracy. Wal-Mart’s rapid expansion in Mexico has since ground to a halt.
