Grocers jostle for position in Brazil Archives - Just Food
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Grocers jostle for position in Brazil

BRAZIL: CBD books 48% rise in Q4 earnings

Grupo Pao de Acucar (CBD) booked a 48% jump in quarterly profits today (2 March) as sales growth accelerated and the Brazilian retail giant cut costs linked to its debt.

Carrefour, Wal-Mart battle for supremacy in Brazil

Carrefour, Wal-Mart battle for supremacy in Brazil

Brazil is shaping up to be a key battleground for Wal-Mart and Carrefour, the world's two largest retailers. Both have outlined separate expansion plans for Brazil in recent weeks but, as Michelle Russell reports, both face a fight from CBD, the country's leading domestic player.