At the end of the 19th century,
José Menéndez was a powerful landowner, colonizer, banker, industrialist and owner of a shipping company. His company's main trading post was set up in
Punta Arenas,
Chile, while also maintaining numerous establishments in Argentine territory. In 1908, Menéndez, Mauricio Braun and Gastón Blanchard merged their respective companies and founded the Sociedad Anonima Importadora y Exportadora de la Patagonia (
Import and Export Company of Patagonia), initially based in Punta Arenas, passing into Argentine jurisdiction in 1910. By 1911 it was operating several stores in a
warehouse format, while also having a
naval fleet as well as regular passenger and
cargo transportation lines between
Buenos Aires and Punta Arenas, with stopovers in several Argentine Patagonia ports, through the use of two ships made to order in
Britain: the
Argentine and the
Asturian. In 1918 the company moved its headquarters from Punta Arenas into Argentina at the request of the Argentine government. who remained in this position until 1932, when he was replaced by Carlos Menéndez Behety. By 1929 it had 25 branches in different locations within southern Argentina, in addition to 4 ships. The Braun Menendez conglomerate worked in different areas, monopolizing much of the
wool trade, meat packing industry and banking sector of Patagonia. Both families were part of the
Sociedad Rural Argentina and together owned the
Exploitation Company of
Tierra del Fuego, having 430,000 hectares with 1,250,000 sheep that produced 5 million kilos of wool, as well as leather and meat. Between 1929 and 1968 La Anónima published the magazine
La Argentina Austral, and also participated in the inauguration of the first radio programs in
Comodoro Rivadavia and
Río Gallegos. In 1942, the company opened its capital to public offering, trading in the
Buenos Aires Stock Exchange since then. In 1957, La Anónima and other partners created the airline
Austral Líneas Aéreas, which eventually became the second-largest commercial airline in the country after
Aerolíneas Argentinas. The name
Austral reflects the Patagonian identity of its owners. In 1967 the company started selling off various assets, including ships, warehouses and numerous buildings. During the same year, several warehouses were converted to the supermarket format, the
Trelew location being the first, and this transition was completed in 1971. ==Present==