Tag Archives: Pao de Acucar

Carrefour merging in Brazil?

Two recent news about Carrefour’s operations in Brazil. A possible merger with Grupo Pão de Açucar and the deal with Itau Unibanco, which bought 49% of the French retailer’s bank. According to Dow Jones in Paris, Carrefour SA may seek … Continue reading

Posted in Business | Tagged , , , , , , | Leave a comment

French retailer Carrefour plans new acquisitions in Brazil

Carrefour has two good reasons to invest in Brazil. First,  sales in existing stores for a year went up 10%. Second, competition with local group Pão de Açucar, to whom the French group lost the lead in 2009 in the … Continue reading

Posted in Brazil, Business | Tagged , , , , , , , | Leave a comment