Tag Archives: merger
Major Brazilian Retail Merger Announced Posted by Rachel on Jun 9, 2009
This week, the Brazilian retailer group CBD, which owns the Pao de Acucar supermarket chain, announced that it would buy electronics and home appliance store chain Ponto Frio. The merger makes Pao de Acucar the largest retail chain in the country, with annual sales estimated at 26 billion reais, overtaking the previous leader, French retail…