Retail - Brazil

Brazil's GPA Mulls €190m Share Offering To Reduce Debt

Brazilian food retailer GPA has hired banks to evaluate a potential offering of primary shares worth 1 billion reais (€190 million) as part of a broad...

Carrefour Brazil Shifts Focus From Hypermarkets

Carrefour Brasil is shifting its focus away from hypermarkets and towards cash-and-carry stores, shopping clubs, and neighbourhood stores in the coming yea...

GPA Concludes Sale Of Stake In Cnova To Casino For €10m

Brazilian food retailer GPA has concluded the sale of its 34% indirect stake in e-commerce company Cnova to its controlling shareholder Casino for €10...

Brazil's GPA Expects To Raise R$500m From Asset Sales In Coming Quarters

Brazilian retailer GPA expects to raise about 500 million reais (€93.7 million) from asset sales in coming quarters, chief financial officer Rafael Ru...

Carrefour Brazil Sees Third-Quarter Profit Dip On Slower Sales

Carrefour Brasil reported a nearly 60% year-on-year decline in net profit for the third quarter, hit mainly by lower sales in its retail unit.

Spain's Dia Sees Sales Up 4.5% In First Nine Months Of Year

Spanish retailer Dia Group has reported a 4.5% increase in sales on a like-for-like basis in the first nine months of the year, to €4.64 billion.

Pátria Investimentos Invests In Major Brazilian Wholesaler

Latin American investment fund Pátria Investimentos has acquired a 56% stake in wholesaler Atakarejo, a market leader in the Brazilian state of Bahi...

Brazil's Consumer Prices Rise Slightly Less Than Expected In August

Brazil's consumer prices as measured by the benchmark IPCA index rose slightly less than expected in August, data from government statistics agency IBGE sh...