date:Jun 18, 2013
Mexican retailer Walmart de Mexico (Walmex) is mulling the sale of its Vips restaurant business as part of strategy to concentrate on its core retail and grocery business.
Vips restaurant business comprises 364 restaurants, including 265 Vips outlets, 92 El Porton restaurants and seven Ragazzi restaurants.
Walmex's comparable store sales for Mexican outlets dropped 0.5% in the first five months of this year compared to the same period in 2012.
Mexican retail association Antad, in which Walmex