Walmart’s efforts to change a Texas law that prohibits publicly-traded companies from selling spirits has hit a legal roadblock:
“Put simply, Walmart wants to sell liquor in Walmarts and Sam’s Clubs across Texas, as it does in many other states. That’s against state law, because Texas bans publicly traded companies from operating so-called package, or liquor, stores. Naturally, the state’s liquor stores, represented by the Texas Package Stores Association Inc., don’t want Walmart to get its way, because it would open the door to their becoming functionally obsolete.”
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