Mexico: Forward's March
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For the time being, they will concentrate on Mexico City, where they cruise about in their Mercedeses looking for likely sites on which to place what they hope will be 40 more stores in the capital alone. "These boys have done something for Mexico," says Jeronimo Arango Sr., surveying his sons' work. "And for ourselves," adds Jeronimo Jr. with a grin.
* The Arangos have had better luck than one of the originators of chain discounting that Jeronimo Arango studied in New York. In Manhattan last week, with $4,000,000 in bills piled up, Masters, Inc., filed a bankruptcy petition. Masters, which has seven stores in the New York area and four more in Pennsylvania and Florida, blamed its fall on too rapid expansion and poor store locations.
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