Beyond getting the nearly US$1 billion at which the deal is valued, selling Suburbia aligns with Wal-Mart’s global strategy of refocusing on its core grocery and general merchandise businesses both within Mexico as well as abroad. Walmart also stands to gain from this deal. Liverpool’s acquisition of Suburbia prevents Falabella from gaining a rapid foothold in the apparel space in Mexico. Had Falabella acquired Suburbia, it would have given the Chilean chain a much stronger position in Mexico and in the region, although admittedly targeting a lower-income consumer group than its Falabella brand does. Several months ago, Falabella announced it would be expanding into Mexico for the first time via a joint venture with Mexican retailer Soriana to open Sodimac home improvement specialist outlets in Mexico over the next 5 years. Of the other candidates, Chilean department store Falabella was viewed by many as the most likely alternate buyer. In the announcement of the acquisition, Liverpool additionally cited the addition of a new business model and the fact that Suburbia’s positioning as a clothing and footwear specialist aligns with Liverpool’s growth strategy, which identifies these categories as priorities.īesides Liverpool, a number of other retailers both within Mexico and abroad were rumored to be potential buyers of Suburbia. The Suburbia acquisition improves Liverpool’s position with consumers from groups C and D. Suburbia, like Liverpool’s Fábricas de Francia brand, is oriented towards consumers from income groups C and D, with the Liverpool brand oriented towards higher-income groups A and B, according to the companies. While the Ripley purchase changes Liverpool’s positioning from a domestic retailer into an international one, the Suburbia acquisition greatly strengthens Liverpool’s position as a dominant figure in the Mexico retail landscape. All told, Liverpool has added over 900,000 square meters of retail space to its portfolio since July 1 2016. The Ripley deal adds an additional 43 stores in Chile (276,080 sqm) and 27 stores in Peru (177,799 sqm), per company filings. With the purchase of Suburbia, Liverpool adds the 119 Suburbia outlets to its existing store network, which includes Liverpool’s 193 retail outlets in Mexico as of the close of 2015. The Suburbia acquisition is Liverpool’s second major deal in the past two months, following the early July purchase of Chilean department store chain Ripley. The acquisition further consolidates Liverpool’s position as one of the biggest national retailers in Mexico during a year of exceptional retail sales growth and overall economic stability, and further advances Walmart’s efforts to refocus on its core business and growing online sales. Other potential candidates rumored to be interested in Suburbia included Mexican chains Coppel and Sears (operated in Mexico by Grupo Sanborns), as well as Chile-based multinational retailer Falabella. The purchase ends months of speculation as to who would be the new owner of Suburbia after Walmart announced in January that it was seeking a buyer for the retail chain, which had 119 outlets as of the purchase, all located within Mexico. The presentation is well produced and elegantly executed.Mexican department store company El Puerto de Liverpool SAB de CV announced on August 10 that it has acquired the retail chain Suburbia from Wal-Mart de México SAB de CV for a total of Mx$19,000 million (approximately US$1 billion), pending review by Mexican regulatory agencies. All of the mechanics and play elements that make it an excellent board game are translated perfectly to the digital domain minus the setup/tear-down hassles and book keeping chores, leaving the players free to concentrate on strategy. The game ends after a 'one more turn' tile comes into play from the third stack of building tiles.The digital version of the game is a model of what makes digital board game conversions great. At the beginning of the game each player has two random secret goals and one shared goal to score bonus points at the end of the game on top of other scoring criteria (primarily population) to determine who wins the game. The goal is to optimize tile placement to gather the resources in the game money, income, population and reputation. The deck builder-like shared market of tiles also leads to strategies of buying tiles according to what opponents are playing, to block or get bonuses from their plays. Each player is building a section of the same city, so some tiles will trigger effects from what other players build.
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