GPA (company) explained

Companhia Brasileira de Distribuição
Trade Name:	GPA
Type:	Public
Traded As:	Ibovespa Component
Industry:	Retail
Predecessors:	-->
Successors:	-->
Founder:	Valentim Diniz
Hq Location City:	São Paulo, SP
Hq Location Country:	Brazil
Num Locations:	1.429 stores (2021)^[1]
Areas Served:	-->
Key People:	Jean-Charles Naouri (chairman) Marcelo Pimentel (CEO)^[2] ^[3]
Revenue:	US$9.19 billion (2021) GPA: US$4.81 billion Éxito: US$4.36 billion
Net Income:	US$172 million (2021)^[4]
Assets:	US$8.86 billion (2021)
Owner:	Free Float (71,8%)
Num Employees:	84,464 (2021) GPA Brasil 50.968
Subsid:	GPA Malls Multivarejo
Footnotes:	^[5] ^[6] ^[7]

Companhia Brasileira de Distribuição, or GPA (from 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. Its headquarters are in São Paulo city, and it is owned by Free Float.

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.

History

In 1948, the immigrant Portuguese Valentim dos Santos Diniz opened a confectionery in São Paulo, which he named Pão de Açucar ("Sugarloaf Mountain") in memory of the first landscape he saw of Brazil when he arrived by boat (the Sugarloaf Mountain is a rocky peak that dominates Rio de Janeiro).

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 2024, Casino reduces its stake to 22.5%.

Business units

GPA operates through different store concepts (and different banner logos):^{[10] [1]}

809 retail stores; 68 drugstores* and 74 gas station.

• Pão de Açúcar (181 stores)
  • Minuto Pão de Açúcar (98 stores)
  • Pão de Açúcar Fresh (1)
  • Pão de Açúcar Adega
  • Posto Pão de Açúcar**
• Extra (72 stores; being converted into Assaí wholesaling stores)
  • Mercado Extra (146 stores)
  • Mini Extra (141 stores)
  • Drogaria Extra*
  • Posto Extra**
• Compre Bem (28 stores)
  • Posto Compre Bem**
• Assaí Atacadista
  • Posto Assaí

Ownership structure

Currently, GPA is owned by:^[11]

• Free Float: 71,8%
• Grupo Casino

22,5%

• Diretores e Conselheiros: 5,6%

See also

• Brazilian Development Bank

External links

• • GPA on LinkedIn

Notes and References

1. Web site: Relatório Anual e de Sustentabilidade 2021. 11, 12, 26, 30. 11 July 2022. pt-br. GPA RI.
2. Web site: Marcelo Pimentel, ex-Walmart, será novo presidente do GPA. Época Negócios. 17 March 2022. 12 July 2022. pt-br. Globo.
3. Web site: Brazilian retailer GPA's CEO resigns. 17 March 2022. 12 July 2022. Reuters.
4. Web site: Relatório Anual 2021. SEC. 12, 14, 40, 41, 42, 74, 75. 16 May 2022. 11 July 2022. pt-br. GPA RI.
5. http://www.gpari.com.br/conteudo_en.asp?idioma=1&conta=44&tipo=31642 "Board of Directors and Board of Executive Officers"
6. http://www.b3.com.br/en_us/products-and-services/trading/equities/listed-companies.htm?codigo=14826 "CIA BRASILEIRA DE DISTRIBUICAO"
7. http://www.gpari.com.br/grupopaodeacucar/web/download_arquivos.asp?id_arquivo=6D14B475-EFFC-47BF-9946-729EDFADCD86 "Fourth Quarter and Full Year 2016 Results"
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. http://www.gpari.com.br/conteudo_en.asp?idioma=1&conta=44&tipo=31601 "Our Stores"
11. http://www.gpari.com.br/governanca-corporativa/composicao-acionaria/ "Ownership Structure"