Chedraui

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

Grupo Comercial Chedraui, S.A.B. de C.V.
Sociedad Anónima Bursátil de Capital Variable
Traded asBMV: CHDRAUI
IndustryRetail
Founded1927 (1927) in Xalapa, Mexico
FounderLázaro Chedraui Chaya
Headquarters
Xalapa
,
Mexico
Area served
Central and Southern Mexico (primarily) with few stores at Northern Mexico
California, Nevada and Arizona (United States)
Key people
Antonio Chedraui Obeso, (Chairman)
Antonio Chedraui Eguia, (CEO) [1]
Revenue US$ 4.7 billion (2016)
Number of employees
38,000
Websitewww.chedraui.com.mx

History

Chedraui was founded in 1927 in Xalapa, Veracruz by Lebanese immigrant Lázaro Chedraui Chaya and his wife Ana Caram. They founded towards 1920 a haberdashery in the city of Xalapa, Veracruz. Originally the business was called the Port of Beirut, clearly showing its origin, but for 1927 would adopt the House Chedraui: the only one of confidence.[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 262 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. In 2018, Bodega Latina acquired Fiesta Mart in Texas.[5]

See also

References
  1. "Chedraui looks to IPO on Mexican Stock Exchange". MVI Retail Insight. Retrieved 13 March 2010.
  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 5 May 2010.
  3. "Company Search - Company Information - Hoovers Company Profiles - D&B Hoovers - Companies & Details - Hoovers.com". www.hoovers.com.
  4. "Carrefour profit dips despite strategy". The New York Times. 11 March 2005. Retrieved 13 March 2010.
  5. "A new Hispanic grocery giant is born". Retail Leader. Retrieved 19 April 2020.
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