Wednesday, November 29, 2017

Supermarket Chain To Return To Private Sector


In 2010, Venezuelan president Hugo Chavez ordered the expropriation of the supermarket chains Exito and Cada after they were accused of speculating with the prices. The stores across the country later became Abastos Bicentenario. The supermarket chain created by the government has been around for years but that could soon change as most stores are nearly empty. On Monday, it was announced that the supermarket chain would return to the private sector. More than half of the stores that once offered items at lower prices are now closed. Those that remain open offer just a few products at extremely high prices. More…

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