Teaming up.

Position:Panorama - Mexico's Federal Competition Commission - Brief Article

Mexico's Federal Competition Commission will allow three Mexican retailers, Gigante, Soriana and Comerci, to combine purchasing to better compete against U.S. retail giant Wal-Mart's Mexican operation, Wal-Mart de Mexico. The decision overturns a previous ruling disallowing the venture, known as Sinergia. The three retailers reported combined sales of US$9.08 billion in 2003, which was less than the $10.66 billion in revenue reported by...

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