Chedraui

Grupo Comercial Chedraui, S.A.B. de C.V.
Sociedad Anónima Bursátil de Capital Variable
Traded as BMV: CHDRAUI
Industry Retail
Founded 1927 in Xalapa, Mexico
Founder Lázaro Chedraui Chaya
Headquarters Mexico City, Mexico
Area served
 Central and Southern Mexico (primarily) with few stores at Northern Mexico
California, Nevada and Arizona (USA)
Key people
 Antonio Chedraui Obeso, (Chairman)
Antonio Chedraui Eguia, (CEO) [1]
Revenue Increase US$ 4.9 billion (2012)
Decrease US$ 115.3 million (2012)
Number of employees
 33,018
Website www.chedraui.com.mx

Chedraui is a publicly traded Mexican grocery store and department store chain which also operates stores in California under the name El Super. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.[2]

History

Chedraui was founded in 1927 in Xalapa, Veracruz by Lázaro Chedraui Chaya and his wife.[3] In 1971 it opened the first supermarket in Xalapa, Veracruz. In 2005 it bought 29 supermarkets from Carrefour in Central and Southern Mexico.[4] Chedraui's primary competition includes large grocers and hypermarkets such as Soriana, Wal-Mart and Comercial Mexicana.

According to Hoover's, it is "Mexico's third-largest retailer (after Walmart and Soriana), the supermarket giant sells groceries, apparel, and non-perishable items in 231 stores.

The California operations began in 1997, later expanded to Nevada, Arizona and Texas. The stores there are branded El Super, and operated by Grupo Chedraui's Bodega Latina Corporation, headquartered in Paramount, CA. It operates about 58 stores aimed primarily to Hispanics.[5]

In addition to retail, the group has a real estate arm.

References

  1. ↑ "Chedraui looks to IPO on Mexican Stock Exchange". MVI Retail Insight. Retrieved 2010-03-13.
  2. ↑ "Investor Prospective (in Spanish)" (PDF). Grupo Comercial Chedraui S.A.B. de C.V., Casa de Bolsa BBVA Bancomer S.A. de C.V., Banamex C.A. de C.V. Retrieved 2010-05-05.
  3. ↑ http://www.hoovers.com/chedraui/--ID__95115--/freeuk-co-factsheet.xhtml Hoovers: Chedraui Fact Sheet
  4. ↑ "Carrefour profit dips despite strategy". New York Times. 2005-03-11. Retrieved 2010-03-13.
  5. ↑ http://elsupermarkets.com/about-us
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