| Business Summary | | Controladora
Comercial
Mexicana
(CCM)
is
a
holding
company
that,
through
its
subsidiaries,
operates
a
retail
company
in
Mexico
and
has
a
chain
of
family
restaurants.
In
addition,
the
Company
owns
a
50%
interest
in
the
Costco
Mexico
joint
venture
with
Costco
of
the
United
States,
which
operates
a
chain
of
warehouse
clubs
in
Mexico.
The
Company's
retail
operations
sell
a
wide
variety
of
food
items,
including
basic
groceries
and
perishables,
and
non-food
items,
which
include
general
merchandise
and
clothing,
with
food
items
representing
64%
of
the
Company's
total
sales
in
1999.
At
December
31,
1999,
the
Company
had
158
stores
operating
under
five
retailing
formats
(including
stores
operated
by
the
Costco
Mexico
joint
venture)
concentrated
primarily
in
the
Mexico
City
metropolitan
area
and
the
central
Mexico
region,
including
Guadalajara.
At
December
31,
1999,
CCM
also
operated
a
chain
of
39
family
style
restaurants
under
the
name
of
Restaurantes
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Controladora
Comercial
Mexicana
is
a
holding
company
which,
through
its
subsidiaries,
operates
retail
company
in
Mexico
and
has
a
chain
of
family
restaurants.
For
the
nine
months
ended
9/30/00,
net
sales
increased
8%
to
PS22.24
billion.
Net
income
decreased
24%
to
PS734.7
million.
Revenues
reflect
the
success
of
the
Julio
Regalado
campaign.
Net
income
was
offset
by
decreased
interest
income,
loss
from
restatement
of
debt
denominated
in
UDIs,
and
increased
deferred
tax. | More
from
Market Guide: Significant
Developments |
| Officers | | Guillermo
Gonzalez
Nova,
Chmn. Carlos
Gonzalez
Zabalegui,
Vice
Chmn./CEO Francisco
Martinez
de
la
Vega,
CFO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|