Costa Rica, Tuesday 19 January 2010


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Venezuela: Retail Chain to be Expropriated

CARACAS - The retail chain "Éxito" will be expropriated because of speculation and robbing the people ratified on Monday Trade Minister Eduardo Saman, a day after president Hugo Chavez made the announcement in this regard.

At least in four of the six stores of that transnational company it was found that prices of products were adulterated.

In "Cada" supermarket chain associated to Exito, the issue is worse because there are speculations with the meat and basic need products and restrictions in the offer, said Saman when interviewed in the show "Despertó Venezuela" (Venezuela Awakened). During the mentioned program broadcasted by Venezolana de Television, Saman pointed out the situation is so delicate that no other alternative but to expropriate.

According to the Minister the same employees of this chain of transnational commerce, will now be the ones to work for the state.

In his view "We can continue to allow a group of business people to make fun of the people because we must use this means of distribution to transport our people's goods or services.

Chavez ordered the expropriation of Exito and Sambil mall located in La Candelaria area in Caracas, to serve as a basis for the Corporation for Social Markets (COMERSA) which the government launched on December.

That may be COMERSA initial network and let's see how all prices will fall in Exito chain, said the president during Alo Presidente.

He pointed out in COMERSA there will be Popular Economy markets, shops of the Bolivarian Alliance and a network of socialist Areperas.

He also added there will be subsidiaries of wholesale markets, fairs and Social Pharmacy.
 
   
 

 

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