I found this article on Yahoo which looks like it is orignally from TheDeal.com. It picks up on the previous post concerning what might have been a shopping trip by Lee Scott:
In an interview over the weekend with the Financial Times, Wal-Mart CEO Lee Scott said the company was looking at acquisition opportunities in India, Hungary, Poland and Russia. "Something could happen next month [or] in six months," Scott told the paper.Furthur down in article, it mentions that many Eastern European retailers who would potentially be a good fit are already owned by the Wal-Mart's Western European rivals.A company representative sought to play down Scott's comments.
"I don't think [CEO Scott] was trying to signal anything specific," said Wal-Mart spokesman Bill Wertz. "We're not tipping our hand."
Still, the fact that Wal-Mart might be heading on an international shopping trip is a dramatic shift for the retailer, which has entered only one new market since ending its initial, multibillion-dollar acquisition spree in 1999.
Posted by Bob on July, 1 2005 at 01:43 AM
