GPA

Casino's GPA Prepares To Spin Off Colombian Supermarket Operator Exito

Brazilian retailer GPA said it has taken the first steps towards spinning off its Colombian subsidiary Almacenes Exito SA and plans to distribute its share...

Brazil's GPA Revises New Store Opening Plans To 2024

Brazil’s biggest food retailer GPA has revised its initial projections regarding the number of new stores it plans to open by 2024.

Assaí Sees Fourth-Quarter Profit Up By 76%, Opens 21 New Stores

Brazilian cash & carry company Assaí Atacadista recorded a net profit of R$ 527 million (€90.5 million) in Q4 2021, up 76% year-on-year.

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 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...

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...