ISSAQUAH, Wash. — Costco Wholesale Corp. here said Thursday it has reached an agreement with its joint-venture partner in Costco Mexico to purchase its partner's 50% interest for approximately $760.4 million. The joint venture in Mexico, which operates 32 stores, has been 50% owned by Costco and Controladora Comercial Mexicana since the early 1990s, with its first warehouse club opened early in 1992. Richard Galanti, executive vice president and chief financial officer of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.