Petco, the San Diego pet store chain, opened its first store Mexico in that country’s second largest city, Guadalajara, through a joint venture with Grupo Gigante, one that country’s largest companies.
Petco said with its Mexican partner, it will open 50 Petco stores in Mexico and Latin America by 2020. Terms of the joint venture were not disclosed.
Publicly traded Grupo Gigante has business operations with Office Depot, Home Depot, Gigante Grupo Inmobiliario, The Cup Store, Restaurantes Toks, ad Aling Pro. Based in Mexico City, it has about 19,000 employees.
— SDBJ Staff Report