Tía

Its divisions in Ecuador and Uruguay trade under the brands Tía, MAGDA, Ta-Ta and MULTI AHORRO, where they are together the largest discount retailer, with over 450 locations.

Tía was formed by the Eastern European supermarket chain Te-Ta founded by Kerel Steuer and Federico Deutsch in the 1920s in Prague.

They traded in Czechoslovakia, Yugoslavia and Romania, but in 1940, after the start of World War II, they emigrated to the Americas, leaving everything behind.

This store was a pioneer in many aspects, which have served as a basis for national and international chains to modernize their business model.

Tía is majority-owned by Francisco de Narváez and family, Gustavo Andrés Deutsch, and financial institutions.

[8] In 1999, Exxel, a buyout fund backed by American investors, and Promodes, France's then second-largest retail chain, bought Tía's Argentine division and its 61 stores for $630 million.

[11] Tía had supermarkets in Bogotá, Medellín, Bucaramanga, Barranquilla, Cúcuta, Sogamoso, Ibagué, Facatativá, Palmira, and Tunja.