Business Services Industry
Mexico: Palacio de Hierro builds; Grupo Continental studies; CIE signs.
South American Business Information, February, 2001
Mexico, Feb 24, 2001
Mexican operation Palacio de Hierro has authorized a start to be made to the construction of a new store at the Angelopolis shopping centre in Puebla. Grupo Continental has successfully completed a study into the viability of separating its Division Ingenios. A decision has been postponed however due to the uncertainty in the sweetener industry at present. Corporacion Interamericana de Entretenimiento (CIE), Latin America's leader in live entertainment (both in Spanish and Portuguese), has acquired exclusive rights for the sale and use of film advertising time on the 1,100 screens at Cinemark and Cinepolis (Cinemark de Mexico and Organizacion Ramirez) cinemas in Mexico. The pre-trailer advertising market is valued at over US$40mil annually...
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