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…

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…

BRAZIL: Carrefour sets out Brazil warchest

Carrefour is set to spend BRL2.5bn (US$1.37bn) to expand its presence in Brazil, particularly in the north and north-east of…

BRAZIL: Wal-Mart plans Brazilian investments

Wal-Mart is planning to invest between BRL2bn (US$1.12bn) and BRL2.2bn to fuel growth in Brazil in the coming year.  “The…