Despite Wal-Mart’s pronouncements that it is not interested in take over of local Companies it track record shows otherwise.
‘Although Walmart International has completed three acquisitions during the past 12 months, it is actually the least preferred method of growth, according to international division CFO Cathy Smith. Just imagine if acquisitions were the top priority….(retailing to day)’
The US retailing giant is in talks to buy an 80% stake in Turkey’s Migros Ticaret from British private equity group BC Partners, the Financial Times has reported (paywall). Walmart spokesman Kevin Gardner, in an email to Quartz, said the company would not comment on “rumors and speculation.”
Why would Walmart even be considering such a move?
International acquisitions have been a core part of Walmart’s strategy, despite the company’s recent efforts to act disinterested in overseas purchases. In March, Walmart’s international division chief financial officer Cathy Smith called acquisitions the company’s last priority for international growth. That same month, the company finalized its purchase of South Africa’s Massmart for $2.4 billion. As of Nov. 30, Walmart had 5,964 international units in Central and South America, Africa, and East Asia.
Turkey might be a well-placed market for Walmart and Migros a potentially promising deal. (Mi is French for “mid-way” and gros means “wholesale.”) If the acquisition goes through, Wal-Mart will own the 888 Migros stores throughout Turkey; the Turkish retailer also operates stores in Kazakhstan, Kyrgyzstan and Macedonia, part of the globe the world’s largest retailer has yet to penetrate.
http://qz.com/36481/why-walmart-would-want-to-buy-turkish-retailer-migros/
If China can Best Wal-Mart ,why Not India?
For instance 70% of Tamil Nadu Provision Stores are controlled by the Nadar Community,who form 20 % of the population.
I am sure the Statistics will be similar in the North.
Come on, let’s give Wal-mart a run for its money.
From Shanghai to Chengdu, the outlets run by China’s largest big-box retailer, Sun Art Retail Group Ltd. (6808), are recreating American-style Wal-Marts, with one big difference: They’re giving them the feel of local street markets with hairy crabs laid on table tops and discounted hot-pot ingredients. That formula has helped it crack the country’s 507 billion yuan ($81 billion) hypermarket industry overseas rivals Tesco Plc. (TSCO), Wal-Mart and Carrefour SA (CA) have struggled to get a handle on.
Sun Art succeeded in outdoing Western rivals through more localized management, sharper knowledge of the Chinese consumer, tailoring shopping experiences and offering discounts on regional specialties, said George Ren, a Shanghai-based analyst at industry consultant Roland Berger.
“Foreign retailers have yet to understand local consumer preferences and create the image they are perfect for them, while Sun Art has,” said Ren.
http://www.bloomberg.com/news/2012-12-09/sea-bass-with-barbie-dolls-challenge-wal-mart-in-china.html
