Retail chain buy.

Author:Bustos, Sergio R.

Grupo Elektra, the Mexican electronics retailer, acquired a 94.3% stake in Grupo SyR, which controls the Salinas y Rocha department store chain. SyR was being held by a group of creditor banks after it went bankrupt. The group operates 96 stores under the Salinas y Rocha name, including 10 department stores, 21 warehouses and 3 distribution centers. Elektra, whose principal shareholder Ricardo Salinas Pliego...

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