Grocery retailer Distribución y Servicio (D&S) is to change its legal name to Walmart Chile. The move will have to be ratified at the next company shareholder meeting, which will take place in late November. The decision will not affect the fascias that the retailer operates such as Líder, Ekono and ACuenta.
In early 2009, Walmart acquired a 58.2% stake in D&S, which was subsequently increased to a 73% share. D&S Corporate Affairs Director Claudio Hohmann said: “The corporate brands reflect the identity of the companies and in this regard it is a logical step that our legal name reflects the change in the controlling shareholder and the presence of Walmart as main shareholder of the company.”