Grupo Chedraui’s Efficiency Improvements
Grupo Comercial Chedraui, one of Mexico’s top three supermarket chains with a presence in the United States, may see efficiency improvements through the integration of its new distribution center in Rancho Cucamonga, California, according to a report by GBM.
As part of the consolidation process, management anticipates expanding the margin by 50 basis points for Smart & Final and El Super by 2026, compared to 2023 levels, stated analysts Emiliano Hernández Marván, Anabel López Herrera, and Viviana Vite of GBM following a visit with the retailer’s management to Rancho Cucamonga’s facilities.
Experts indicated that there is significant long-term potential for achieving greater efficiency through continuous automation and operational learning.
Proteak Uno’s Conciliation Process
Proteak Uno, the sole Mexican forestry company listed on the stock market, announced that a court declared an open conciliation phase for its subsidiary Forestaciones Operativas de México (Fomex) to reach an agreement with its creditors within the declared merchant concurso framework at the end of 2024.
The merchant concurso decree in Fomex’s conciliation phase includes a 185-day period, issued by the First District Court of Merchant Concursos in Mexico City with jurisdiction across Mexico.
In May 2024, Proteak Uno acknowledged the possibility of being unable to meet its debt obligations amidst a complex liquidity situation. Throughout 2023, the company reported operating and net losses and identified payment risk in its annual report despite renegotiating some credits and continuing talks with creditors for solutions.
Following the start of the conciliation phase with Fomex, Proteak Uno committed to keeping its shareholders, investors, and the general public informed about any significant developments related to this process.
Meta Platforms and Oakley Collaboration
Meta Platforms announced its partnership with Oakley, a sports eyewear brand, to develop high-performance glasses with artificial intelligence. Their first product, Oakley Meta HSTN, will be available for pre-order starting July 11.
Oakley Meta HSTN features an integrated camera, open-ear speakers, and the Meta AI personal assistant, according to the company.
The product will be available in the United States, Canada, the United Kingdom, Ireland, France, Italy, Spain, Austria, Belgium, Australia, Germany, Sweden, Norway, Finland, and Denmark. It is also expected to be available in Mexico, India, and the United Arab Emirates by the end of this year.
Mexico Infrastructure Partners’ Cerpis Migration
Mexico Infrastructure Partners América Latina, an investment fund specializing in infrastructure and energy sectors, received favorable opinion for migrating the listing of two fiduciary investment project certificates (Cerpis) from the Mexican Stock Exchange to the Institutional Securities Market.
The Cerpis to be listed on Biva starting July 1, 2025, currently operate under the Mexican Stock Exchange’s board keys “EXICPI 18” and “EXICPI 19,” as per a statement.
Key Questions and Answers
- What is Grupo Chedraui’s situation regarding efficiency improvements? Grupo Chedraui may see efficiency improvements through the integration of its new distribution center in Rancho Cucamonga, California, with a projected margin expansion of 50 basis points for Smart & Final and El Super by 2026.
- What is the status of Proteak Uno’s conciliation process with Fomex? A Mexican court declared an open conciliation phase for Proteak Uno’s subsidiary, Fomex, to reach an agreement with its creditors. The process includes a 185-day period, and Proteak Uno has committed to keeping stakeholders informed about any significant developments.
- What is the collaboration between Meta Platforms and Oakley? Meta Platforms partnered with Oakley to develop high-performance glasses with artificial intelligence. Their first product, Oakley Meta HSTN, will be available for pre-order starting July 11 and features an integrated camera, open-ear speakers, and the Meta AI personal assistant.
- What changes are happening with Cerpis listings? Mexico Infrastructure Partners América Latina received favorable opinion for migrating the listing of two fiduciary investment project certificates (Cerpis) from the Mexican Stock Exchange to the Institutional Securities Market, with the migration scheduled for July 1, 2025.
