Cencosud

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

Brazil briefing: Global retailers battle it out

As the fifth-largest country in the world, Brazil is simply too big a market for food retailers to ignore. And with a population of around 1...

Questions remain for Carrefour, Premier CEOs

The work the chief executives of Carrefour and Premier Foods - two companies with a lot on their plates - has been welcomed by industry watc...


Brazil briefing: Global retailers battle it out

Michelle Russell | 30 Aug 2013

As the fifth-largest country in the world, Brazil is simply too big a market for food retailers to ignore. And with a population of around 190m, the potential for growth and expansion in a market of this size is tremendous. However, for international retailers in the country, it has proved a tough nut to crack.

Latest News

Cencosud ends year of lower profits with Q4 rise

Dean Best | 31 Mar 2014

Chile-based retailer Cencosud saw profits fall in 2013, although its earnings jumped in the fourth quarter.


Cencosud shifts 2014 focus to consolidation

Hannah Abdulla | 10 Jan 2014

Chilean retailer Cencosud has announced it will be investing less in expansion this year as it focuses on consolidating its Brazilian and Colombian operations.


Sales up, profits down at LatAm retailer Cencosud

Dean Best | 19 Nov 2013

Chile-based retailer Cencosud has reported a fall in third-quarter earnings on the back of costs linked to recent acquisitions and to store openings, although sales increased.


World Retail Congress: CBD positive about Brazil

Michelle Russell | 8 Oct 2013

The remains "a lot of potential" in Brazil if retailers are willing to invest, according to the country's largest retailer, CBD.


Mixed H1 results for LatAm retailer Cencosud

Harjit Abbi | 2 Sep 2013

Chile-based retailer Cencosud has booked higher half-year sales but posted lower operating income from its supermarket stores and a fall in net profit on the back of costs from M&A and forex losses.


Cencosud Q1 profits tumble

Michelle Russell | 31 May 2013

Cencosud saw its profits tumble in the first quarter as the Chilean retail giant incurred loan costs related to the acquisition of Carrefour's Colombian assets.


Carrefour signs Africa JV to develop store formats

Michelle Russell | 30 May 2013

French retail giant Carrefour has formed a joint venture with global distributor CFAO to develop stores across eight African countries.


Carrefour sells stake in Majid Al Futtaim JV

Dean Best | 23 May 2013

Carrefour has sold its stake in its venture with Dubai-based group Majid Al Futtaim - but said the franchise deal between the two companies will be expanded.


Higher costs hit profits at retailer Cencosud

Michelle Russell | 4 Mar 2013

Chilean retail giant Cencosud has reported a decline in full-year earnings on the back of higher financial costs related to its acquisition of Carrefour's Colombian business.


Carrefour sells stake in Indonesian JV

Dean Best | 20 Nov 2012

Carrefour has sold its stake in its venture in Indonesia, the latest move to refocus its attention on a smaller number of markets worldwide.


Profits climb at Chilean retailer Cencosud

Michelle Russell | 20 Nov 2012

Chilean retail giant Cencosud has booked an increase in earnings for the third quarter of the year.


Carrefour sells Malaysian operations to Aeon

Michelle Russell | 31 Oct 2012

French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon.


Carrefour tight-lipped over Malaysia "sale talks"

Michelle Russell | 26 Oct 2012

French retail giant Carrefour has declined to comment on reports it is in talks to sell its Malaysian operations to Japanese giant Aeon.


Chile backs food industry export drive

Katy Askew | 25 Oct 2012

The Chilean government has thrown its weight behind a fresh drive to increase food exports from the country, with the introduction of a "from Chile" mark.


Carrefour sells Colombian ops

Katy Askew | 22 Oct 2012

French retailer Carrefour has struck a deal to sell its Colombian business to Chilean group Cencosud in an agreement valued at EUR2bn (US$3.2bn).


Cencosud buys Carrefour Colombia assets

Michelle Russell | 19 Oct 2012

Chilean retail giant Cencosud has agreed to buy the Colombian assets of French retailer Carrefour.


H1 profits down at retailer Cencosud

Dean Best | 3 Sep 2012

Half-year profits at Latin American retailer Cencosud have fallen 29% as higher costs and weaker second-quarter earnings from its supermarkets offset higher sales.


Cencosud sets price for New York listing

Dean Best | 22 Jun 2012

Chilean retailer Cencosud has set the price at which shares in the company will begin trading in New York.


Chilean retailer Cencosud files for US IPO

Michelle Russell | 28 May 2012

Chilean retailer Cencosud plans to raise up to US$718m in an initial public offering of American depository shares in New York.


Cencosud supermarkets book FY profit rise

Dean Best | 26 Mar 2012

Chilean retailer Cencosud saw sales and profits increase from its supermarkets division in 2011.


Cencosud plans investment

Katy Askew | 13 Feb 2012

Chilean retailer Cencosud predicted an increase in revenues this year as it announced plans to invest US$1.28bn in new store openings.


Wal-Mart in competition probe

Sam Webb | 16 Dec 2011

The offices of global retailer Wal-Mart Stores' Chilean operation, as well as other local retailers, have been raided by the country's competition agency.


Cencosud buys Brazilian supermarket chain Prezunic

Dean Best | 18 Nov 2011

Chilean retailer Cencosud has acquired Brazilian supermarket chain Prezunic for BRL685.7m (US$385.5m).


Cencosud, Carrefour silent on takeover talk

Katy Askew | 10 Jun 2011

Cencosud and Carrefour have remained silent on reports that Chilean retailer wants to acquire Carrefour's assets in Brazil.


UBS takes stake in Cencosud subsidiary

just-food.com | 31 Mar 2011

Investment bank UBS has taken a stake in Jumbo, the Argentine arm of Chilean retailer Cencosud.


Cencosud 2010 profits rise on improved sales

just-food.com | 17 Mar 2011

Chile-based retailer Cencosud has reported a 23.8% rise in 2010 net income on the back of higher sales across its different store formats.


Cencosud revenue driven by same-store sale

just-food.com | 15 Nov 2010

Chilean retailer Cencosud posted an 18.9% increase in net income during the third quarter to reach CLP45.3bn (US$93.5m).

just-food homepage



Forgot your password?