Retail - Brazil

GPA Again Rejects Jaime Gilinski's Bid To Buy 51% Of Éxito

Brazilian retailer GPA said that its its board has rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidia...

Carrefour Brasil Bets On Know-How To Expand Small Stores Operation

Grupo Carrefour Brasil has launched a franchise model of convenience stores in the Brazilian market, aiming to tap into its know-how from years of experien...

Groupe Casino To Sell Remainder Of Stake In Assaí

France's Groupe Casino has announced that it plans to sell its remaining stake in Brazil's Assaí.

JBS To Double Pork Production In Rio Grande do Sul

Brazil's JBS has announced it is building a feed factory in Seberi, in the state of Rio Grande do Sul.

Walmart Reiterates Goal Of Doubling International Gross Merchandise In Five Years

Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top executive at the re...

Carrefour Tops Brazilian Supermarket Rankings For Seventh Year

For the seventh year in a row, Carrefour is the Brazilian supermarket chain with the highest annual turnover, ending 2022 with a turnover R$ 108.1 billion...

Walmart To Invest In Mexico's Fintech Market

US retail giant Walmart wants to get on top of Mexico's fintech market with its Cashi digital wallet, yet analysts say its drive is strewn with potential p...