Cencosud S.A.is apublicly tradedmultinational retail company. It's the largest retail company in Chile and the third largest listed retail company inLatin America,competing with the BrazilianCompanhia Brasileira de Distribuiçãoand the MexicanWalmart de México y Centroaméricaas one of the largest retail companies in the region. The company has more than 1045 stores in Latin America.
 | |
| Company type | Public |
|---|---|
| BCS:CENCOSUD | |
| Industry | Retail |
| Founded | 1960 |
| Headquarters | Santiago,Chile |
Areas served | |
Key people | Horst Paulmann Kemna |
| Products | Hypermarkets Supermarkets Shopping malls Department stores |
| Revenue |  US$19.0 billion(2012)[1] |
 US$562.6 million(2012) | |
Number of employees | 126,530 |
| Website | cencosud |
History
editBy the end of 2006, the operations of the company included 65Jumbo hypermarkets,165Santa Isabel supermarkets;249 Disco, Vea and Jumbo supermarkets; 60Easyhome improvement stores; 36Paris department stores;27 shopping malls and 52 offices of Banco Paris bank, totaling a sales area of 1.8 million square meters, or 19,375,038.75 square feet. It has more than 4.3 million active credit card accounts, issued under the brand Tarjeta Cencosud (in Chile, Peru and Argentina), Tarjeta Cencosud Colpatria (Colombia) and Cartão Cencosud Bradesco (Brazil).
By the end of 2007, several new stores had been opened in Chile,ArgentinaandPeru,and the company acquiredWong supermarkets,[2]the largest retailer in Peru, andGBarbosa,[3]a Brazilian retailer.
In August 2011, Cencosud announced the acquisition ofJohnson department stores.
In 2022, Cencosud acquired a majority controlling share inThe Fresh Market,a chain of specialty grocery stores in the United States. At the time of the announcement, The Fresh Market operated 160 stores across 22 states.[4]
Brands
editCencosud operates upscaleParisdepartment stores, theCostanera Centerfinancial center,Easyhome improvement and hardware stores,Jumbohypermarkets,Santa Isabelsupermarkets, in Chile. The company also operates Bretas supermarkets, G Barbosa super and hypermarkets, Prezunic supermarkets and Perini supermarkets in Brazil, Vea andDiscosupermarkets in Argentina,[5]Wong and Metro in Peru, and in 2012 acquired theCarrefourhypermarket operations in Colombia, which changed branding to Jumbo.
References
edit- ^businessweek[dead link]
- ^Economía y Negocios (2007-12-17)."Asociación con Wong pavimenta ingreso de Cencosud a Perú".
- ^Valor Futuro (2007-11-11)."GBarbosa, el nuevo brazo de Cencosud en Brasil".[permanent dead link]
- ^"Cencosud to Acquire Majority Stake in The Fresh Market Holdings from Apollo Funds"(Press release). PR Newswire. 2022-05-11.
- ^"Vea Cencosud".supermercadosvea.ar.
