Mexico

In 1991, we entered into a joint venture with Cifra to open a Sam’s Club in Mexico City, making Mexico the first country in Walmart’s International division. In 1997, we acquired a majority of Cifra, and in February 2000, the Cifra name officially changed to Walmart de México (WALMEX). In November 2006, we received a license from Mexico’s Finance Ministry to organize and operate a bank in the country. In November 2007, Walmart Bank began operations with 16 branches in five Mexican states.

In December 2009, Walmart Mexico announced the acquisition of Walmart´s operations in Central America from Walmart Stores and two minority partners. In early 2010, the transaction was completed and Walmart México became Walmart México and Central America.

The president and CEO of Walmart de México and Central America is Scot Rank. Our headquarters are located in Mexico City.

For more information please visit the Walmart de México website or download the Walmart de México fact sheet.

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