Retail - Brazil

Carrefour Looks To Second Half With Confidence As France, Brazil Lift H1 Profit

Carrefour has upheld its end-year profit and cashflow targets, saying it looked to the second half of the year with confidence as its French and Brazi...

Carrefour Brasil Reports Profit In Second Quarter

Carrefour Brasil has returned to profitability in the second quarter, driven by cost-cutting measures and the ongoing integration of the Grupo BIG supermar...

Brazil's GPA Sells Sao Paulo Fuel Stations To Ultrapar

Brazilian retailer GPA has agreed to sell its network of gas stations in Sao Paulo state to conglomerate Ultrapar as part of a broader push to divest from...

Carrefour Unveils First Atacadão Store In France

Carrefour has officially opened its first Atacadão outlet in France, offering a "radically different" shopping experience for consumers.

Brazil's Grupo Mateus Planning €1.2bn Merger With Novo Atacarejo

Brazil's third-largest supermarket chain, Grupo Mateus, has signed a non-binding agreement with regional cash-and-carry chain Novo Atacarejo to merge the t...

Dia To Exit Brazil After Selling All Its Stores For 'Symbolic' €100

Spanish retail group Dia has it agreed to sell its business in Brazil for a 'symbolic price' of €100, and exit the country to focus on more profitable...

Brazil's GPA Posts Steeper Net Loss In First Quarter As Taxes, Impairment Weigh

Brazilian food retailer GPA said its first-quarter net loss for continuing operations widened by nearly 28% from a year-ago period.

Carrefour Posts Double-Digit Sales Growth In Q1, Confirms Full-Year Outlook

French retailer Carrefour has reported like-for-like sales growth of 13.5% in the first quarter of its financial year on the back of the 'sound execut...