THE AMERICAN JOURNAL

UPDATE: Venezuela Nationalizes French-Colombian Retailer Exito

CARACAS (Dow Jones)–President Hugo Chavez ordered Sunday the seizure of a French-owned retail chain on accusations that it raised prices after Venezuela devalued the currency by half.

“Until when are we going to allow this to happen?” Chavez asked during his Sunday television program in reference to the alleged price hike by Almacenes Exito SA (EXITO.BO), headquartered in Colombia and controlled by French retailer Casino …

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January 18, 2010 - Posted by | Uncategorized | , ,

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