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Walmart cuts Mexico and Central America plans

Thursday, June 21, 2012

Walmart de México y Centroamérica has had to cut down its expansion plans for this year, as the company continues to be scrutinized following accusations of bribery.

Last April, it emerged that the company was allegedly bribing Mexican public officials in order to speed up the issuing of permits to build and open stores in Mexico.

As a result of the ongoing case, the company plans to open between 325 and 335 new stores in Mexico and Central America, a 23 percent drop from its previous plans to open up to 436 stores in the region.

Full story (in Spanish)