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Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 1, 2003

Puerto Rico Okays Wal-Mart Acquisition

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/puerto-rico-okays-walmart-acquisition/

Small business owners are crying foul over an agreement reached between the Puerto Rican government and Wal-Mart. The deal allows Wal-Mart to proceed with its purchase of an island supermarket chain, which will give it control of 40 percent of Puerto Rico’s grocery sales. Last year Wal-Mart won approval from the Federal Trade Commission to purchase the Amigo supermarket chain. Puerto Rican officials said the deal violated local antitrust laws and sued to block the merger. Continue reading

Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Feb 1, 2003

Wal-Mart’s Purchase of Puerto Rico Chain Challenged

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/walmarts-purchase-puerto-rico-chain-challenged/

Puerto Rico’s Department of Justice has asked the U.S. Court of Appeals for the First Circuit to block Wal-Mart’s acquisition of the island’s largest grocery store chain, Supermercados Amigo Inc. The outcome of the case could affect the ability of states to review and challenge mergers. Wal-Mart already operates 19 outlets in Puerto Rico, including eight Sam’s Club stores and one supercenter. Continue reading

Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Nov 1, 2002

Puerto Rico Challenges Wal-mart Acquisition

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/puerto-rico-challenges-walmart-acquisition/

A broad coalition has coalesced in Puerto Rico to block an attempt by Wal-Mart to buy Supermercados Amigo, the island’s largest supermarket chain. The deal would give the retailer, which already has $1.16 billion in sales at 19 Wal-Mart and Sam’s Club stores, a 40 percent share of Puerto Rico’s grocery sales. Continue reading