• Abasto reports that Walmart Puerto Rico will sell its 11 Amigo stores there to the Supermercados Pueblo chain, which operates 22 stores on the island.
Terms of the deal were not disclosed. Supermercados Pueblo reportedly will keep using the Amigos banner and plans to retain its employees.
According to Abastos, "The Amigo Supermarkets chain was founded in 1966. In early 2002, when Amigo had 35 stores and 4,500 employees across the island, it was acquired by Walmart Puerto Rico, which at the time operated nine stores, one Walmart Supercenter, and seven Sam’s Clubs on the island." Walmart currently has 25 stores and clubs in Puerto Rico, all of which are slated to be renovated using a $57 million investment.