Wal-Mart de Mexico to sell Vips restaurants to Alsea

Wal-Mart de Mexico has sealed a deal to sell its 362-unit Vips restaurant chain to Mexican operator Alsea for $626 million. Vips' mostly Mexican menu is a shift for Alsea, which operates franchises for several U.S. restaurant brands including Burger King, Starbucks, Domino's Pizza and California Pizza Kitchen.

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