Sale of Gigante
As of Dec. 6, 2007 Supermercados Gigante was acquired by Organizacion Soriana for US$1.35 billion. The supermarket and hypermarket retail formats of Supermercados Gigante, including its seven US stores, will disappear and the stores will adopt the Soriana Brand. Grupo Gigante will remain in business as a company separate from Soriana, operating Mexican Radio Shack and Office Depot locations, as well as the Toks restaurant chain.
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