GPA

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...

Carrefour Brasil Q4 Net Income Rises 6.3% On Strong Sales

Brazilian food retailer Carrefour Brasil SA has reported a 6.3% increase in fourth-quarter net income year-on-year as strong sales continued to fuel growth...

Brazil's GPA Says May Sell $700m In Assets In Coming Months

Brazilian supermarket chain GPA SA could sell more than R$3 billion ($683.99 million) in assets in the coming months, its chief financial officer said on T...

Brazil's GPA Sees Sales Boost In Fourth Quarter

Brazilian retail market leader GPA has reported a 24% increase in total gross sales in the fourth quarter of 2019, to R$ 18.9 billion (€4 billion)....

Brazil's GPA Continues Store Reformatting Process

Brazilian retailer GPA renovated a total of 20 Pão de Açúcar supermarkets in 2019, following the rollout of a new store format in Sept...

Brazil's GPA Teams With Local Brewer To Sell In-House Craft Beer

Brazilian supermarket chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share...

Brazil's GPA Sees Sales Growth Of 9.5% In Q3

Brazilian retailer GPA has reported a 9.5% year-on-year growth in sales, to R$ 14.57 billion (€3.17 billion), in the third quarter of its financial ye...

Walmart Brasil Targets Growth Following Grupo BIG Rebrand

One year on from its acquisition of a majority stake in Walmart Brasil, investment fund Advent International has announced major changes in strategy at its...