Mexico's Spicy Market Isn't Overheating Yet
With debts to pay and ambitious plans to expand, Salvador Gutierrez Beltran has spent two years waiting to list his company on the Mexican Bolsa. But with the market in the doldrums, Gutierrez saw no appetite for his regional chain of hypermarkets. Now the wait is over, it seems. As finance director of Grupo Comercial Chedraui, Gutierrez is looking for the right moment to launch a $70 million initial public offering. "We've been trying to do this for a long time," Gutierrez says from his headquarters in Jalapa. "We're finally seeing the financial situation change."
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