Brazil

Brazil's GPA Sells Up To 17 Properties, Assai To Rent Them

Brazilian retailer GPA has reached a deal to sell up to 17 of its properties to investment fund Barzel Properties for about 1.2 billion reais ($234 million...

Brazil's BRF Turns Quarterly And Yearly Profit Despite Domestic Headwinds

Brazilian food processor BRF SA turned a profit in the final quarter of 2021, traditionally a good period for food sales due to the holiday season, helping...

Brazil’s GPA To Invest R$ 1bn In Operations This Year

The CEO of Grupo Pão de Açúcar (GPA), Jorge Faiçal, said that gross sales in January rose by one digit on the previous month, w...

Carrefour Brasil To Develop Autonomous Stores in Condominiums

Carrefour Brasil is planning to accelerate the opening of stand-alone stores under the Express banner in residential condominiums.

Brazil's GPA Sees Online Sales Rising Fivefold In Four To Five Years

Brazilian food retailer GPA SA expects e-commerce sales to jump by more than five times over the next four to five years while maintaining margins, chief e...

Brazil's BRF Raises $1bn In Discounted Share Sale

Brazilian food processor BRF SA said on Wednesday it had priced its share offering at R$20.00 per share, a 7.5% discount to Tuesday's closing price, raisin...