translated from Spanish: Walmart bought Chilean application Cornershop $225-million

of the Walmart retail giant global announced the total purchase of Chilean application Cornershop for US $225 million. The office door to door services company will operate at the local level in its affiliates in Chile and Mexico, and will continue to be an open platform. It is expected that the acquisition, which is subject to regulatory approvals, to close before year’s end. Horacio Barbeito, general manager of Walmart Chile, said that the company “is experiencing the largest in its history transformation and Chile is the protagonist. “Here the country and customers will be those who benefit most: more services will be added to the platform, we will expand our coverage and the shopping experience will improve their already high standards of quality: fast, simple, and with products at the lowest prices every day”. The Swede Oskar Hjertonsson, current CEO of Cornershop and who is one of the founders along with Chilean Daniel Undurraga and Juan Pablo Cuevas, said that “joining the Walmart family offers us the opportunity to design and build a digital future more quickly and” expand to other places. In less than three years, Cornershop created a technological platform that enables rapid growth and maintains an excellent and consistent shopping experience, leading to create a solid customer retention”.

Original source in Spanish