Brazil

Brazil’s Mercado Extra To Open 50 New Stores In 2020

Brazilian retail group GPA is planning to open 50 new stores under the Mercado Extra format by the end of 2020. The new supermarket format, launched two...

Sugar Shipping Rush In Brazil Amid COVID Surge Causes Vessel Logjam

More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scramb...

Brazilian Retail Tycoon Diniz Praises Local Supermarkets' Response

Brazilian retail veteran and Carrefour SA board member Abílio Diniz has said that retailers in Brazil were faster than those in some European countr...

Brazil Coffee Harvest Lags As Pandemic Impacts Fieldwork: Report

Brazilian coffee growers picked 13% of expected 2020 production by 19 May, a slower pace than in the previous year and below the historical average for thi...

Kerry Group Cuts Brazil Workforce As COVID-19 Hits Demand, Says Union

Irish food and ingredients giant Kerry Group is reducing headcount in Brazil as a response to changes in the marketplace caused by the outbreak o...

Brazil's GPA Posts Q1 Loss As Overhaul Costs Outweigh Better Sales

Brazilian food retailer GPA SA has reported a quarterly net loss of 130 million reais (€20.4 million), as costs related to the acquisition of Colombia...

Arabica Coffee Growers See Harvest Delays, Possible Losses Due To Coronavirus

South American coffee growers may delay harvest this year and limit the number of workers they employ as the coronavirus pandemic continues to spread, thre...

Brazil's Ambev Profit Dives 56%, Company Braces For More COVID-19 Fallout

Brazilian beverages company Ambev SA has posted a 56% year-on-year plunge in first-quarter net profit, far below forecasts, and executives said the co...