''Supermercados Monterey'', originally written ''Monterrey'', was a

Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

vian

supermarket chain A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. Strictly speaking, a supermarket is larger and has a wider selecti ...

created in 1954, in

Lima Lima ( ; ), founded in 1535 as the Ciudad de los Reyes (, Spanish for "City of Biblical Magi, Kings"), is the capital and largest city of Peru. It is located in the valleys of the Chillón River, Chillón, Rímac River, Rímac and Lurín Rive ...

. It also operated in

Arequipa Arequipa (; Aymara language, Aymara and ), also known by its nicknames of ''Ciudad Blanca'' (Spanish for "White City") and ''León del Sur'' (Spanish for "South's Lion"), is a city in Peru and the capital of the eponymous Arequipa (province), ...

, Trujillo,

Chiclayo Chiclayo (; mochica language, Mochica: ''Cɥiclaiæp'') is the principal city and capital of the Lambayeque region and Chiclayo Province in northern Peru. It is located from the Pacific coast, from the city of Trujillo, Peru, Trujillo, and from ...

Cuzco Cusco or Cuzco (; or , ) is a city in southeastern Peru, near the Sacred Valley of the Andes mountain range and the Huatanay river. It is the capital of the eponymous province and department. The city was the capital of the Inca Empire unti ...

Piura Piura is a city in northwestern Peru, located north of the Sechura Desert along the Piura River. It is the capital of the Piura Region and the Piura Province. Its population was 484,475 as of 2017 and it is the 7th most populous city in Peru. ...

Sullana SullanaRegional Tourism Office of Piuraciudad de Sullana. Consulted on July 8, 2009. is a city in Peru and the capital of the Sullana Province, Piura, in the north-western coastal plains of Peru on the Chira valley. The city is home to 162,500 p ...

and

Talara Talara is a city in the Talara Province of the Piura Region, in northwestern Peru. It is a port city on the Pacific Ocean with a population of 91,444 as of 2017. Its climate is hot and dry. Due to its oil reserves, and ability to produce aviati ...

until its closure in 1993 due to the

economic crisis A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and ma ...

and

internal conflict In narrative, an internal conflict is the struggle occurring within a character's mind. Things such as what the character yearns for, but can't quite reach. As opposed to external conflict, in which a character is grappling some force outside of ...

of the country.

History

The company was founded in 1954 as ''Casa Monterrey'' by Swiss businessman Bruno Tschudi and the Benavides family, current owners of '' Compañía de Minas Buenaventura'', opening its first store in the 54th block of the

Jirón de la Unión The Jirón de la Unión, or Union Street, is a pedestrian street located in the Historic Centre of Lima, part of the capital of Peru. For many decades it was the most important boulevards of the city, often described as the most aristocratic, wh ...

. It opened up to sixteen stores in the city, in the districts of Miraflores, San Isidro,

Surco Santiago de Surco, commonly known simply as Surco, is a district of Lima, Peru. It is bordered on the north with the district of Ate Vitarte and La Molina; on the east with San Juan de Miraflores, on the west with San Borja, Surquillo, Mira ...

and the Cercado. The spelling of its name was changed in February 1980 due to a legal battle, as it was identical to that of a retailer in

. It was sold to the Lau family in 1991, closing in the early months of 1993 due to the economic crisis of the time.

References

{{reflist Retail companies established in 1954 Retail companies disestablished in 1993 Supermarkets of Peru 1954 establishments in Peru 1993 disestablishments in Peru

History

See also

References