FILE PHOTO: A Walmart sign is pictured at one of their stores in Mexico City, Mexico March 28, 2019. Picture taken March 28, 2019. REUTERS/Edgard Garrido
May 25, 2020
MEXICO CITY (Reuters) – Mexico’s biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican tax authorities in relation to its sale of a restaurant division and other matters.
The company, commonly known as Walmex, has faced a growing tax liability from the 2014 sale of its Vips restaurant division to Mexican restaurant company Alsea.
(Reporting by Daina Beth Solomon; Editing by Julia Love)
