Euromoney bestows recognition on Walmart de México y Centroamérica as the Company with the Best Corporate Governance
* First place in three categories of the British magazine’s annual survey.
* Also given recognition as the best managed and having the best business strategy in the consumer product industry of Latin America.
* The Best Managed Company survey in Latin America is among the most prestigious in the world of finance.
Mexico City, - Walmart de México y Centroamérica has been recognized by the British publication –Euromoney- as the company with the most convincing and coherent management and best corporate governance in Mexico, and the best business strategy in the Consumer Goods Sector in Latin America, according to the yearly ranking of the Best Managed Companies in Latin America, published in the March 2011 issue of the magazine.
The annual survey is one of the most prominent recognitions given by Euromoney to companies in Latin America and it highlights those having the most convincing and coherent management by region, by country, and by industry, and also having sound corporate governance practices.
The ranking is based on a survey of market analysts at major banks, consultancy firms and research institutes focusing on Latin America. Respondents were asked to nominate the top three companies in each of the countries or sectors they covered, taking into account their market strength, profitability, growth potential, quality of management and earnings.
The full results of this ranking, and the methodology, is available online at www.euromoney.com/latam2011 as well as in the March edition of Euromoney magazine. This issue, which will reach a global audience of 140,000 readers, will in addition have bonus distribution at the IADB Annual Meeting in Calgary, Canada at the end of March.
Euromoney magazine is headquartered in London. Founded in 1969 by Sir Patrick Sergeant, Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and New York Stock Exchanges.
Walmart de México y Centroamérica
We contribute towards improving the quality of life for families in Mexico and Central America
Walmart de México y Centroamérica is a company of the retail sector whose vision is contributing towards improving the quality of life for families in Mexico and Central America. It operates in six countries: Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua. It has a wide array of business formats including discount self-service stores (Bodega Aurrerá Express, Despensas Familiares and Pali), supermarkets (Superama, Paiz, Despensa de Don Juan, La Unión and Mas x Menos), hypermarts (Walmart, Hiper Paiz and Hipermás), membership warehouse clubs (Sam´s Club and ClubCo), apparel stores (Suburbia) and restaurants (Vips and El Portón) that amounted 2,294 units at February 21, 2011. In 2010 Walmart de México y Centroamérica reported sales over 334.6 billion pesos. http://www.walmartmexico.com.mx.
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