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Brazil's GPA reports Q2 net income of 4 mln reais
Casino open to partnerships for its CDiscount unit - CEO
Brazil's Assai Could Go Public in Brazil, US, By Start Of 2021 - GPA Exec
Companhia Brasileira de Distribuicao is a Brazil-based company engaged in the retail sector. The Firm, directly or through its subsidiaries, is engaged in the distribution of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The Company's activities are divided into three segments: Retail, Exito Group and Other Businesses. The Retail segment focuses on the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado and Mini Extra, among others. It also includes the operation of gas stations and drugstores. The Exito Group segment consists of the operation of stores in Colombia, Uruguay and Argentina. The Other Businesses segment includes complementary businesses, such as the real estate, credit card, travel, insurance, mobile and money transfer, royalties, financial services, marketing and other services.
Av. Brigadeiro Luis Antonio 3142
Jean-Charles Henri Naouri
Chairman of the Board
Chief Executive Officer
Ronaldo Iabrudi dos Santos Pereira
Co-Vice Chairman of the Board
Arnaud Daniel Charles Walter Joachim Strasser
Chief Financial Officer
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Retailer Casino, battling investor concerns over its high debt, said revenue growth accelerated in the first-quarter, reflecting strong food sales in its core French market amid the coronavirus epidemic, and a robust performance in Brazil.
Brazil's GPA <PCAR4.SA> sees its wholesale unit Assaí reaching 50 billion reais ($11.91 billion) in gross sales by the end of 2022 from expected 30 billion reais this year, as the food retailer continues to organically expand its operations, its chief executive said on Wednesday...
Brazilian supermarkets chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share of in-house products in its total sales to over 20% in 2020, an executive said.
Brazilian retailer Grupo Pão de Açúcar SA expects better sales after it completes supermarket conversions and renovations in early 2020, its chief executive said on Thursday.
Brazilian food retailer Grupo Pão de Açúcar SA expects sales to further improve in 2020, once it concludes conversions and renovations of its supermarkets in the first months of next year, Chief Executive Officer said on Thursday.
Brazilian supermarket chain Grupo Pão de Açúcar SA <PCAR4.SA> on Wednesday reported a 29.9% rise in third-quarter net income compared with the year-ago quarter, helped by revenue growth and cost cutting.
Brazilian supermarket chain Grupo Pão de Açúcar SA reported on Wednesday a 29.9% rise in its third-quarter net income year-on-year.
Brazilian supermarket chain Grupo Pão de Açúcar SA <PCAR4.SA> on Wednesday reported its total gross sales grew 9.5% to 14.57 billion reais ($3.49 billion) in the third quarter as double-digit growth in wholesale unit Assai compensated for flat performance in its other segments...
Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday reported its total gross sales grew 9.5% to 14.57 billion reais ($3.49 billion) in the third quarter as double-digit growth in wholesale unit Assai compensated for flat performance in its other brands.
Brazilian supermarket chain Grupo Pão de Açúcar SA <PCAR4.SA> reported on Wednesday a 124% surge in its second-quarter net income year-on-year, beating expectations, underpinned by solid revenue in its wholesale unit Assaí.
Casino Guichard Perrachon <CASP.PA> on Thursday unveiled a plan to simplify the complex shareholding structure for its Latin American operations, sending shares in its Brazilian and Colombian units soaring.
French retailing group Casino's Brazilian unit will sell its controlling stake in a Brazilian appliance retailer for at least 2.23 billion reais ($578 million), accepting a discount on the unit's listed price as it refocuses on its supermarket business.
* Firm owns other retailers across Latin America (Adds GPA's CEO comment on sale plan for Via Varejo, updates share prices)
French supermarket retailer Casino , which has been selling assets to cut debts and reassure investors, said on Thursday it was reviewing its strategic options in Latin America.
Brazilian supermarket chain Grupo Pão de Açúcar SA reported on Wednesday a double-digit drop in its first-quarter net consolidated income, undershooting market expectations, even as wholesale unit Assaí drove revenue growth.
Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday posted first-quarter sales up 12 percent from a year ago, closing the gap on Carrefour Brasil, the market leader in Latin America's largest economy.
Grupo Pão de Açúcar SA , one of Brazil's largest food retailers, owned by France's Casino Guichard Perrachon SA, on Wednesday posted first-quarter gross revenue of 13.8 billion reais ($3.46 billion), up 12.4% from the year-ago period, helped by major gains in its wholesale...
GPA, one of Brazil's largest food retailers, is teaming up with the country's largest private bank, Itaú Unibanco Holding SA , to begin selling credit card reader machines, a top Assaí executive said on Monday.
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