Ralph Lauren Corp. has agreed to pay $1.6 million to resolve allegations that it bribed government officials in Argentina to get customs clearance for its merchandise. The Securities and Exchange Commission said Monday that the clothing maker
Wal-Mart Stores Inc. has appointed Enrique Ostalé, president and CEO of Walmart Chile, formerly D&S, EVP, president and CEO of Walmart Latin America, in which capacity he’ll oversee the mega-retailer’s operations in Argentina, Brazil, Chile, Costa Rica,...
Galicia, on the Atlantic coast of northern Spain, is the homeland of Generalissimo Francisco Franco, but is otherwise famous for being a place people try to leave. For much of the 20th century, hundreds of thousands of gallegos, as they are called, emigrated to countries as far away as Argentina to escape Galicia's rural poverty. However, even as Spain teeters on the edge of economic catastrophe, the Galician city La Coruña has attracted notice as the hometown of Amancio Ortega Gaona, the world's third-richest man - he displaced Warren Buffett this year on the Bloomberg billionaire index - and the founder of Zara.
ATLANTA — Ignacio Perez Lizaur, who lead Walmart's expansion into Latin America as director general Sam's Club Mexico in 1991, has joined Newell Rubbermaid's board of directors. Perez Lizaur's 26-year career with Walmart included a series of assignments leading Walmart operations in Argentina, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Puerto Rico. His career with Walmart culminated in the position of EVP operations for the Sam’s Club division, with responsibility across 600 stores in the U.S. Upon retiring in 2010, he was appointed to Walmart’s hall of fame for his contributions to the retailer’s international development. “Ignacio adds
Tallying over $30 billion in online sales during the holiday shopping season, 2010 will go down as the year e-commerce emerged as the most convenient means of shopping for consumers. As more retailers look to leverage their websites to increase sales and revenues, they should be well prepared to keep those sites healthy and viable.