Grupo Cifra or Grupo Aurrerá-Cifra was a Mexican company, owned by Jerónimo Arango and his brother Manuel Arango, founded in 1986, whose main component businesses were supermarket chains Aurrerá and Superama, restaurant chains VIPS (Mexican restaurant) and El Portón, department storesSuburbia and others such as El Gran Bazar, BONS, Fratti and Bon Savor. The Group ceased to exist in 2000 as it became part of Walmart.[1][2]
History
Cifra, S.A. de C.V. was at one time Mexico's largest retailer, and its second largest publicly owned company, and, according to a 1993 Euromoney survey, Latin America's best-run company. Among Mexican retailers Cifra was the first to be publicly owned, offer generic brands, and include clothing, food, and hardware within a single store.
Cifra was founded in 1958 by Jerónimo Arango. The son of a Spanish immigrant to Mexico who prospered in the textile business, Arango spent his youth studying art and literature in the U.S. and traveling there and in Spain and in Mexico.