Brazil

Carrefour Brasil Sees 3.4% Drop In Q2 Net Profit

Carrefour Brasil has reported a net profit of R$299 million (€79.3 million) in the second quarter of 2017, down by 3.4% on the same period last year....

Mexico’s Lala Group Acquires Vigor Dairy Company

Mexican food company Lala Group has announced that it is acquiring 100% of Brazilian dairy company Vigor Alimentos. The transaction is worth R$5.72 bill...

Corn Is Piling Up On Brazil Farms As Storage Space Runs Short

Massive piles of corn stored in the open air. That’s the consequence of a huge corn crop in Brazil’s largest producing state, Mato Grosso. &...

Carrefour Opens New Hypermarket In São Paulo

French retailer Carrefour is opening its first hypermarket store in São Paulo, Brazil. The store is over 5,600 square metres in size, and feature...

Great Corn Clash Is Coming As U.S., Brazil Farmers Face Off

The world’s biggest corn exporters are preparing for a showdown. Brazilian farmers are in the midst of collecting their biggest corn harvest ever...

Ambev Sees 4.8% Revenue Growth, But Brazil Disappoints

Brazilian brewer and soft drinks producer Ambev has reported a 4.8% growth in net revenue during the second quarter of 2017, to R$10.37 billion (€2.8...

Brazil's GPA Sees 9% Growth In Q2, Boosted By Cash & Carry Sales

Brazilian retailer Grupo Pão de Açúcar (GPA) posted a net profit of R$165 million (€44.7 million) in the second quarter of 2017,...

Carrefour Brasil Makes Strong Start On Brazilian Stock Exchange

Carrefour Brasil has made its debut on the BOVESPA Brazilian Stock Exchange with a market value superior to that of its main competitor, Grupo Pão d...