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 to merge its Brazilian unit with Brazil’s largest retailer – Grupo Pao de Acucar.  CarrefourContinue reading “Carrefour merging in Brazil?”

L’Oreal wants to double Brazilian sales in 4 years

L’Oreal the world’s largest cosmetics maker announced that Brazilian sales grew by  21 % in 2010, jumping to 705 million euros. And they want more.. The French based company aims to double sales in Brazil by 2015 and add 50 million new customers there in the next decade as Latin America’s largest economy expands, saidContinue reading “L’Oreal wants to double Brazilian sales in 4 years”