translated from Spanish: His house leader: Walmart confirms $225 million purchase of Cornershop

no one wants to stay out of the boat of e-commerce. If a few weeks ago we saw as the Chilean retail claimed his life, Walmart is now which will anchor the revolution of purchases by internet, this because the multinational founded by Sam Walton announced today the purchase by 225 million dollars of Cornershop , the Platform founded in 2015 by Chileans Daniel Undurraga, Juan Pablo Cuevas and the Swedish Oskar Hjertonsson, door-to-door delivery from supermarkets, pharmacies and shops.
“Walmart has reached a definitive agreement to acquire Cornershop for 225 million dollars. Simultaneously or shortly after the acquisition, Walmart expects to sell to Walmart de Mexico (Walmex) the operation of the business of Cornershop in Mexico and Central America”, said the company in a newsletter.
Cornershop is considered to be a leading platform in home delivery from supermarkets, pharmacies and shops specializing in Mexico and Chile.
“Cornershop will remain as an open platform that will deliver from a wide variety of stores, extending the convenience and availability of food, health and beauty and packaged products to customers Walmart,” said in the bulletin .
Walmart said that recent purchase aims to complement the proposed omnicanal that is developing for its customers, “multiple purchase options, from the physical store, through Lider.cl and remove our Pickup or access platforms to the” application of Cornershop so another can make them instead”.
Horacio Barbeito, general manager of Walmart Chile, according to motto pulse, highlighted the operation as a clear sign of the transition who lives the company globally, which has backed strongly expand its presence in the digital world.
“Cornershop has grown rapidly in Chile and Mexico, where we know that they continue to innovate. That’s why we are happy to strengthen an already successful relationship and help them to expand their reach, as we learn of them”, said Judith McKenna, President and CEO of Walmart International.
It is estimated that the acquisition, which is subject to approvals from the competent authorities, close before the end of the year.
 
 
 

Original source in Spanish