Company Directory - Walmart de México y Centroamérica
Company Details - Walmart de México y Centroamérica
Walmart de México y Centroamérica
WebsiteMexico City, Mexico
Walmart de México y Centroamérica is the Mexican subsidiary of Walmart Inc. It operates a wide range of retail stores across Mexico and Central America, offering products from groceries and clothing to electronics and household goods.
CCI Score
CCI Score: Walmart de México y Centroamérica
-25.14
0.02%
Latest Event
Walmart Faces Antitrust Challenges Amid Regulatory Scrutiny
Walmart de México y Centroamérica is under fire after Mexico’s antitrust regulator fined the company for allegedly abusing its market power over suppliers for 13 years, raising serious concerns about its business practices and economic influence.
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ACCOMPLICE
Walmart de México y Centroamérica is currently rated as an Accomplice.
Latest Events
- DEC172024
Walmart de México y Centroamérica is under fire after Mexico’s antitrust regulator fined the company for allegedly abusing its market power over suppliers for 13 years, raising serious concerns about its business practices and economic influence.
-70
Business Practices and Ethical Responsibility
March 26
Walmart de México y Centroamérica's longstanding practice of imposing 'abusive conditions' on suppliers, as evidenced by the 93 million pesos fine from Cofece, indicates severe shortcomings in ethical business practices. The firm has leveraged its market power to force unfair pricing and contractual terms, undermining competitive fairness and harming smaller businesses.
Walmart Faces Antitrust Challenges Amid Mexico Regulatory Scrutiny
-60
Economic and Structural Influence
March 26
The company's dominant market position in Mexico allows it to exert excessive influence over market conditions, constraining competition and disadvantaging smaller players. Such economic dominance, as highlighted by regulatory intervention, reflects broader issues of structural influence that can contribute to authoritarian market practices.
Walmart Faces Antitrust Challenges Amid Mexico Regulatory Scrutiny
- DEC122024
In a recent press release dated December 13, 2024, Walmart de México y Centroamérica announced that COFECE fined it for engaging in a relative monopolistic practice involving supplier contributions. The company, while contesting the decision and claiming regulatory errors, faces criticism for practices that may undermine fair competition and concentrate market power, which critics argue are conducive to authoritarian economic structures.
-10
Public and Political Behavior
March 26
Walmart de México y Centroamérica’s public messaging regarding the COFECE decision reflects an effort to frame its regulatory challenge in a manner that downplays its previous monopolistic practices. By aggressively contesting the ruling while emphasizing consumer benefits, the company attempts to shape public perception though it may obscure the underlying issues affecting market fairness.
Walmart de México y Centroamérica Informs on COFECE's Resolution
-30
Business Practices and Ethical Responsibility
March 26
The COFECE ruling highlighted that Walmart de México y Centroamérica engaged in a relative monopolistic practice through its supplier contribution strategy. This anti-competitive behavior raises serious concerns regarding its commitment to ethical business practices and fair treatment of market stakeholders.
Walmart de México y Centroamérica Informs on COFECE's Resolution
-20
Economic and Structural Influence
March 26
The fine imposed by COFECE underscores how Walmart de México y Centroamérica's conduct in supplier negotiations has contributed to a market structure that favors concentration of economic power. This behavior not only challenges competitive norms but also reflects broader systemic issues with economic influence that can erode democratic market practices.
Walmart de México y Centroamérica Informs on COFECE's Resolution
- DEC202012
An investigation reveals that Wal-Mart de México engaged in widespread bribery to secure zoning changes and fast-track store expansions in Mexico, undermining both democratic oversight and ethical business practices.
-80
Public and Political Behavior
March 26
The article details how Wal-Mart de México used bribes to alter zoning maps and influence local government decisions, directly undermining democratic institutions and public trust. Such actions erode the societal checks on corporate power.
The Bribery Aisle: How Wal-Mart Used Payoffs to Bribe Its Way Through Expansion in Mexico
-90
Business Practices and Ethical Responsibility
March 26
The company's internal handling of bribery allegations, including appointing individuals implicated in the scandal to key positions, exemplifies a deep disregard for ethical business practices and legal accountability. The decision to suppress investigations further underscores systemic corruption.
The Bribery Aisle: How Wal-Mart Used Payoffs to Bribe Its Way Through Expansion in Mexico
- APR242012
An article from The Washington Post reported that Walmart de México y Centroamérica participated in an aggressive, high-priced lobbying campaign to amend the U.S. anti-bribery law amid allegations of foreign bribery in Mexico. The involvement of a long-standing top executive on a politically influential board raises concerns about the company undermining regulatory frameworks and ethical business practices.
-60
Political Contributions and Lobbying Efforts
March 26
Walmart de México y Centroamérica's involvement in a strategic lobbying campaign to amend a key anti-bribery law, coupled with allegations of foreign bribery, indicates a willingness to influence regulatory reform in ways that may weaken anti-corruption measures. The long-term participation of a top executive on a politically influential board further underscores a potential prioritization of corporate interests over transparent and ethical governance, which can indirectly support authoritarian tendencies by undermining checks on corporate power.
Wal-Mart took part in lobbying campaign to amend anti-bribery law - The Washington Post
- APR012012
Allegations of bribery and corporate cover-up at Walmart de México surfaced in 2012, raising significant concerns about the company's ethical practices and public accountability. The scandal underlined serious issues in corporate governance and highlighted a willingness to engage in corrupt practices that undermine democratic institutions.
-60
Public and Political Behavior
March 26
The bribery scandal reflects a notable lapse in public and political behavior. By engaging in practices that violate public trust and attempt to manipulate political outcomes, the company contributes to a climate that can support authoritarian measures.
-80
Business Practices and Ethical Responsibility
March 26
The alleged bribery and subsequent cover-up indicate severe shortcomings in business practices and ethical responsibility. These actions not only compromise corporate integrity but may also aid in creating environments conducive to authoritarian control by bypassing legal and ethical norms.
- JAN012005
In 2005, a whistleblower revealed a massive bribery scheme at Walmart de México y Centroamérica, where corrupt practices were employed to speed up permit approvals. Subsequent cover-ups by top executives have raised serious concerns about the company’s ethical and political behavior.
-60
Public and Political Behavior
March 26
The scandal demonstrates Walmart de México's engagement in corrupt political behavior by bribing officials to bypass permits and legal procedures. This undermines democratic accountability and public trust and directly contributes to an environment where authoritarian practices can flourish.
Walmart's explosive Mexican bribery scandal: A concise guide
-80
Business Practices and Ethical Responsibility
March 26
The bribery scheme and subsequent cover-up represent a profound violation of ethical business practices. The failure to self-report and hold senior executives accountable reflects deep-rooted issues in corporate governance and business ethics, thereby facilitating an environment ripe for authoritarian exploitation.
Walmart's explosive Mexican bribery scandal: A concise guide
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Industries
- 441110
- New Car Dealers
- 441120
- Used Car Dealers
- 445110
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- 452311
- Warehouse Clubs and Supercenters
- 452319
- All Other General Merchandise Stores