GPA (company) explained

Companhia Brasileira de Distribuição
Trade Name:GPA
Type:Public
Traded As:
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:
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:Groupe Casino (22%)
Num Employees:84,464 (2021)

50.968

33.496

Subsid:Grupo Éxito
  • GPA Malls
  • Multivarejo
Footnotes:[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. Its headquarters are in São Paulo city, and it owned by the French conglomerate retail group Casino.

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

External links

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. Web site: French retailer Casino finalises rescue deal led by Czech tycoon. 5 October 2023. 17 February 2024. Reuters. en.
  11. Web site: Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15). 16 February 2024. 17 February 2024. Yahoo! Finance. en.
  12. http://www.gpari.com.br/conteudo_en.asp?idioma=1&conta=44&tipo=31601 "Our Stores"
  13. http://www.gpari.com.br/governanca-corporativa/composicao-acionaria/ "Ownership Structure"

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