Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Patrick Archer buenos aires events, competitiveness, foreign investment, franchises, real estate, us companies

Hundreds of Asian-owned Buenos Aires supermarkets are closing¬†now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

SuperBA: Buenos Aires Grocery Sector Attracts Foreign Investment

Patrick Archer buenos aires events, foreign investment, franchises, us companies

Business headlines this week in the Latin American supermarket space present a sharp contrast in the stability and predictability of investing in certain countries. France’s Groupe Casino operates supermarket chains in both Argentina and Venezuela under the banners Leader Price, Libertad, HiperCasa (in Argentina), Cada and Exito (in Venezuela). When Hugo Chavez devalued Venezuela”s bolivar 50% last week, he vowed …