Brazil

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...

Retailer Carrefour Q1 Sales Growth Accelerates With France, Brazil

Carrefour saw its revenue growth accelerate in the first quarter, reflecting strong food sales in March in all its markets and notably in the core French m...

Spain's DIA Completes 'First Phase' Of Business Transformation Process

Spanish retailer DIA has said that it has completed the 'first phase of its business transformation, with the establishment of a series of country chief ex...