Report: Wal-Mart sees big opportunities in emerging markets
New York – Wal-Mart Stores sees more opportunity in emerging markets than in Europe, the company’s international CEO Doug McMcMillion told Bloomberg.
“China is top of the list, and Brazil is not far behind” to make deals, McMillon said in an interview on Bloomberg Television’s “InBusiness With Margaret Brennan.” The retailer is being “patient” about finding the right way to expand in Russia, McMillon said.
Wal-Mart plans to let South Africa’s Massmart Holdings Lts. lead its expansion in the sub-Saharan region, according to the report. Wal-Mart will seek to buy 51% of the Johannesburg-based company.
New restaurants open at Miramar Square
Miramar, Fla. – Boca Raton, Fla.-based Woolbright Development announced that five new restaurants have opened over the last few months at Miramar Square in Miramar, Fla.
Miramar Square is a 240,000-sq.-ft. shopping center anchored by Kohl’s, Staples and Dollar General.
The new restaurant openings include Golden Krust Caribbean Grill, L&L Market Bistro/Elle’s, Smitty’s Grill, La Coriana and Giardinos Gourmet Salads.
Other eateries slated to open in the next months include Coldstone Creamery and Sir Pizza.
Isabella to open new restaurant
Washington, D.C. – Douglas Development announced that Mike Isabella, former executive chef at Mediterranean restaurant Zaytinya, and Bravo’s Top Chef contestant, has leased 5,000 sq. ft. in a three-level Douglas Development-owned property at 707 6th Street, NW, in Washington, D.C.
Isabella will open a two-level Italian-inspired restaurant, Graffiato, in spring 2011.