Israel Ruiz After closing a deal with Wal-Mart, the world’s largest public corporation by revenue, Distribucion y Servicio D&S SA, Chile’s largest grocer, officially announced it would begin opening stores in Peru.
Enrique Ostalé, the general manager of D&S, confirmed that the company will open 60 stores in Chile this year and begin entering markets in Peru
"We’ve begun a process, which has various stages, to enter that country. We will go step by step," said Ostalé, explaining the company’s intention was to learn from Peru’s market and adapt to it.
It was announced that at least three A Cuenta stores will be opened in Peru this year. D&S is Cencosud’s main competitor in Chile.
Wal-Mart’s acquisition of controlling interest in D&S is the company’s largest investment in Latin America.
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