Word: grupo
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...Grupo Santander invades Britain; Coke's e-music fizzles; Singapore's new no-frill airport...
...this is no mere bodega. Grupo Gigante, Mexico's third largest supermarket chain, with 270 stores and $3 billion in annual sales, is staking its claim north of the border. It operates four stores in the L.A. area and will open four more this year. Gigante (pronounced hee-gan-tay) aims to become the most popular supermarket among California's 11 million Latinos, most of whom hail from Mexico and think of the stores as old friends. The chain's ultimate goal is even more audacious: "To be the leading supermarket in Latino areas across the United States," says Justo...
...your daughter isn't sure whether she wants to be a pediatrician or a pilot? Take her out to play--role-play, that is. Laresgoiti, a former toy distributor, is partnering with Mexico City--based Grupo Magico Internacional, an amusement-park operator, to build Wannado, a $50 million children's career theme center set to open in Sunrise, Fla., in the spring of 2004. For $15 to $20, kids can play doctor--and cruise-ship captain, archaeologist and dozens of other roles--in lifelike surroundings with adult actors. Wannado will be modeled after a hit Mexico City operation that Laresgoiti...
Soberon organized his first big fiesta, a 3,000-person bash in Mexico City, as a teen. Now 42 and the founder and CEO of Corporacion Interamericana de Entre-tenimiento (CIE), the largest live-entertainment company in Latin America, Soberon will thrill a larger audience: Grupo Televisa has paid $107 million for a 40% stake in a CIE subsidiary and will broadcast the company's concerts and sporting events throughout Mexico...
Canandaigua's parent, Constellation (which distributes Corona beer in the U.S. in partnership with Grupo Modelo), has also been on the acquisition trail. In 1999 it acquired Franciscan Estates in Napa, whose bottles sell for $20 and up. Franciscan added Ravenswood and Simi to its higher-end collection last year. Together they sold 2 million cases for $140 million in 2001. More acquisitions are likely for the Franciscan group and Canandaigua. "We will look around the world," says Constellation's CEO, Richard Sands. "An Australian acquisition, maybe, or Italian or Spanish...