Retail - Brazil

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...

Brazil’s Supermarkets Break Through R$1trn Revenue Barrier

Brazilian supermarkets broke the barrier of R$1 trillion (€184 billion) in revenue last year, corresponding to 9.2% of GDP, according to the Brazilian...

DIA To Close More Than Half Its Stores In Brazil

Spanish food retail group DIA has announced that it will close 343 stores and three warehouses in Brazil following negative results for its business in the...

Spain’s Dia Reports ‘Strong’ Performance In FY 2023 With Profitability Growth

Spanish grocery retailer Dia's proximity strategy proved successful in its financial year 2023, with the retailer generating 'strong results' despite a cha...

Brazil's GPA Reports Sharply Narrower Fourth-Quarter Loss

Brazilian food retailer GPA, controlled by France's Casino, reported that its fourth-quarter loss narrowed to 303 million reais ($61.36 million), improving...