Grupo Pão de Açúcar SA's human resources committee
recommended cuts to expenses for families of key minority
shareholders, newspaper Valor Economico reported on Friday,
underlining cost-cutting efforts since French group Casino
Guichard Perrachon assumed control in July.
The committee suggested cutting 98 million reais ($46
million) of spending on security and transportation for the
Diniz and Klein families, which founded Pão de Açúcar and home
appliance unit Casas Bahia, Valor reported on its website.
Abilio Diniz, the company's chairman, is the son of Pão de
Açúcar's founder. A spokesman said the company, Brazil's biggest
retailer, does not comment on its committees' deliberations.