Six years later it acquired a majority stake in Cifra, and in 2000 changed the name.

FORBES: Magazine Article

Formerly known as Cifra, Walmex has been controlled by Wal-Mart since September 1997.

FORBES: South-of-the-border buys

In 1991, in its first step outside the U.S., Wal-Mart formed a joint venture with Mexican retailer Cifra.

FORBES: Magazine Article

It started working with Cifra in Mexico as long ago as 1991, before taking control of the local retailer two years ago.

ECONOMIST: Mergers and alliances

Para los expertos, cualquier cifra por encima de 50 indica crecimiento.

BBC: Industrias de EE.UU. "se recuperan"

With its acquisition of Cifra, Wal-Mart inherited six different formats, including apparel and restaurant chains, that cater to the disparate income segments of the Mexican population.

FORBES: It's Nice To Be Big

Esto supera la cifra de 53, 5 que esperaban los analistas.

BBC: Industrias de EE.UU. "se recuperan"

El 51, 5% de esa cifra son hombres.

BBC: Mundo | Ciencia y Tecnolog��a | China: temen explosi��n demogr��fica

Learning a lesson from its experience in Mexico, where it had to add to its Cifra stake by buying shares at ever-higher prices on the open market, Wal-Mart purchased warrants to potentially raise its Seiyu position to 67%.

FORBES: Magazine Article

Learning a lesson from its experience in Mexico, where it had to add to its Cifra stake by buying shares at ever higher prices on the open market, Wal-Mart purchased warrants to potentially raise its Seiyu position to 67%.

FORBES: Magazine Article