Retail - Brazil

Brazil's GPA Settles Real Estate Dispute With Investment Fund

GPA has settled an arbitral dispute with the real estate arm of Brazilian investment fund Peninsula, the Brazilian food retailer aid in a securities filing...

Spain's DIA Sees 7.3% Decline In Net Sales In Q1 2021

Spanish retail group DIA has reported net sales of €1.69 billion in the first quarter of its financial year, down 7.3% year-on-year. The...

Carrefour To Buy Brazil's Grupo BIG In €1.1bn Deal

French supermarket retailer Carrefour has agreed to buy Grupo BIG, Brazil's third-biggest food retailer, in a deal valuing the Latin American firm at &euro...

Spinoff Of GPA's Wholesale Unit Boosts Combined Company's Market Cap By 10%

Brazilian food retailer GPA SA's spinoff and listing of its Assaí wholesale unit has boosted the combined company's market capitalisation by 10%, hi...

Groupe Casino Obtains Approval For Listing Assaí Shares

The Brazilian subsidiary of Groupe Casino, Companhia Brasileira de Distribuição (GPA), has obtained the authorisation to list the shares issu...

Brazil Millers Oppose Sale Of GMO Wheat As Importing Costs Would Rise, Abitrigo Says

Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it...

Brazil’s Grupo BIG Rolls Out 'Next Generation' Supermarkets

Brazil’s Grupo BIG (former Walmart Brasil) has launched a new, 'next generation' supermarket format. The “Super Nova Geração&r...

Record Retail Sales Rise Helps Lift Mood In Brazil

Brazil's real reversed declines to trade higher on Thursday after a record reading on retail sales, although worries lingered about the country's public fi...