date:Jun 18, 2013
is a member, reported a 0.6% growth in same-store sales during the same period.
Vips contributed 1.7% of overall Walmex sales and 1.6% of its EBITDA in last year.
The sale is expected to get the retailer an amount of nearly $600m to $700m, reported Reuters.
Walmex spokesman Antonio Ocaranza was quoted by the news agency as saying that the sale of restaurant arm is being considered in the wake of few potential offers from third parties.
Walmex, however, stated that the sale of restaurant bus