Content about Grupo Pão de Açúcar

December 19, 2012

A report by Reuters said that Brazilian grocer Grupo Pão de Açúcar – the country’s largest retailer – plans to open 100 new mini stores in 2013.

Sao Paolo, Brazil -- A Wednesday report by Reuters said that Brazilian grocer Grupo Pão de Açúcar – the country’s largest retailer – plans to open 100 new mini stores in 2013. The small-format concept is called Minimercado Extra, according to CFO Vitor Fagá.

The Minimercardo Extra format of small neighborhood supermarkets will continue to be the focus of the group's growth, according to Fagá. The company is also working to expand its presence in Brazil's northeast and center-west regions.

June 28, 2011

Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

New York City -- Multiple reports on Tuesday said that French retailing giant Carrefour SA has received an offer to merge with Brazil’s Companhia Brasileira de Distribuicao.

Brazilian investment fund Gama said in a statement that it proposed a merger between Carrefour, the world’s second largest retailer by sales after Wal-Mart Stores, and CBD, a local retailing giant.