Companhia Brasileira de Distribuição
GPA
Company typePublic
IndustryRetail
Founded7 September 1948; 75 years ago (1948-09-07)
FounderValentim Diniz
Headquarters
São Paulo, SP
,
Brazil
Number of locations
1.429 stores (2021)[1]
Key people
Brands
RevenueIncrease US$9.19 billion (2021)[4]
  • GPA: US$4.81 billion
  • Éxito: US$4.36 billion
Decrease US$172 million (2021)[4]
Total assetsDecrease US$8.86 billion (2021)[4]
Number of employees
84,464 (2021)[1]
ParentGroupe Casino
SubsidiariesGrupo Éxito
  • GPA Malls
  • Multivarejo
Websitegpabr.com
Footnotes / references
[5][6][7]

Companhia Brasileira de Distribuição, doing business as GPA (an abbreviation of its former name Grupo Pão de Açúcar), is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores owned by the French conglomerate retail group Casino. Its headquarters are in São Paulo city.

The company is the second biggest retail company in Latin America by revenue and the second largest online retailer in Brazil. The company operates its e-commerce through Cnova, a subsidiary of Via Varejo.

For 2013, the company planned to open more than 150 stores, targeting northeast and mid-west regions.[8]

In September 2013, Abílio Diniz, the son of the company's founder, stepped down as chairman of the company.[9]

In 2023, GPA's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.[10] In 2024, Casino USA filed for Chapter 15 bankruptcy.[11]

Business units

GPA operates through different store concepts (and different banner logos):[12][1]

Brazil (809 retail stores; 68 drugstores* and 74 gas station**)

Colombia (503 retail stores)

Uruguay (92 retail stores)

Argentina (25 retail stores)

Ownership structure

Currently, GPA is owned by:[13]

See also

References

  1. ^ a b c "Relatório Anual e de Sustentabilidade 2021". GPA RI (in Brazilian Portuguese). pp. 11, 12, 26, 30. Retrieved 11 July 2022.
  2. ^ "Marcelo Pimentel, ex-Walmart, será novo presidente do GPA". Globo (in Brazilian Portuguese). Época Negócios. 17 March 2022. Retrieved 12 July 2022.
  3. ^ "Brazilian retailer GPA's CEO resigns". Reuters. 17 March 2022. Retrieved 12 July 2022.
  4. ^ a b c "Relatório Anual 2021". GPA RI (in Brazilian Portuguese). SEC. 16 May 2022. pp. 12, 14, 40, 41, 42, 74, 75. Retrieved 11 July 2022.
  5. ^ "Board of Directors and Board of Executive Officers", GPA. Retrieved on 17 September 2013.
  6. ^ "CIA BRASILEIRA DE DISTRIBUICAO", B3. 29 April 2021. Retrieved 29 April 2021.
  7. ^ "Fourth Quarter and Full Year 2016 Results", Grupo Pão de Açúcar. Retrieved 7 March 2017.
  8. ^ Zacks.com (24 July 2013). "CBD's 2Q Earnings Fall Y/Y". NASDAQ (New York). Retrieved 24 July 2013.
  9. ^ Cowley, Matthew & Winterstein, Paulo (6 September 2013). "Brazil Businessman Diniz to Step Down as Pão de Açucar Chairman". The Wall Street Journal. Retrieved 17 September 2013.
  10. ^ "French retailer Casino finalises rescue deal led by Czech tycoon". Reuters. 5 October 2023. Retrieved 17 February 2024.
  11. ^ "Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)". Yahoo! Finance. 16 February 2024. Retrieved 17 February 2024.
  12. ^ "Our Stores". GPA. Retrieved 16 August 2016.
  13. ^ "Ownership Structure", GPA. Retrieved on 26 September 2020.

External links

Ibovespa companies of Brazil
Authority control databases
Categories