GPA (company)

Companhia Brasileira de Distribuição
Trade name	GPA
Company type	Public
Traded as	B3:PCAR3,PCAR4; Ibovespa Component;
Industry	Retail
Founded	7 September 1948;75 years ago
Founder	Valentim Diniz
Headquarters	São Paulo,SP, Brazil
Number of locations	1.429 stores(2021)
Key people	Jean-Charles Naouri(chairman); Marcelo Pimentel(CEO);
Brands	Assaí; Extra; Pão de Açúcar;
Revenue	US$9.19 billion(2021) GPA: US$4.81 billion; Éxito: US$4.36 billion;
Net income	US$172 million(2021)
Total assets	US$8.86 billion(2021)
Owner	Groupe Casino(22%)
Number of employees	84,464(2021) GPA Brasil:50.968; Grupo Éxito:33.496;
Subsidiaries	Grupo Éxito GPA Malls; Multivarejo;
Website	gpabr.com
	Footnotes / references;

Companhia Brasileira de Distribuição,doing business asGPA(anabbreviationof its former nameGrupo Pão de Açúcar), is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from itssupermarkets,hypermarketsandhome appliancestores. Its headquarters are inSão Paulocity, and it owned by the French conglomerate retail groupCasino.

The company is the second biggest retail company inLatin Americaby revenue and the second largest online retailer in Brazil. The company operates its e-commerce throughCnova,a subsidiary ofVia Varejo.

For 2013, the company planned to open more than 150 stores, targeting northeast and mid-west regions.^[8]

In September 2013,Abílio Diniz,the son of the company's founder, stepped down as chairman of the company.^[9]

In 2023, GPA's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.^[10]In 2024, Casino USA filed forChapter 15 bankruptcy.^[11]

Business units[edit]

GPA operates through different store concepts (and different banner logos):^[12]^[1]

Brazil(809retail stores;68drugstores* and 74gas station**)[edit]

Pão de Açúcar(181 stores)
- Minuto Pão de Açúcar (98 stores)
- Pão de Açúcar Fresh (1)
- Pão de Açúcar Adega
- Posto Pão de Açúcar**
Extra(72 stores; being converted into Assaíwholesalingstores)
- Mercado Extra (146 stores)
- Mini Extra (141 stores)
- Drogaria Extra*
- Posto Extra**
Compre Bem(28 stores)
- Posto Compre Bem**
Assaí Atacadista (spun-offin 2021; currently controlled byCasino)
- Posto Assaí

Colombia(503 retail stores)[edit]

Grupo Éxito(233 stores)
- Surtimax (72 stores)
- Surtimayorista (36 stores)
- Super Inter (61 stores)
- Carulla(101 stores)
- Viva (shopping center)

Uruguay(92 retail stores)[edit]

Grupo Éxito
- Devoto (60 stores)
- Disco(30 stores)
  - Géant(2 stores)

Argentina(25 retail stores)[edit]

Grupo Éxito
- Libertad (10 stores)
- Paseo Libertad (15 stores; shopping center)

Ownership structure[edit]

Currently, GPA is owned by:^[13]

Grupo Casino– 41.2%
Board of Executive Officers and Board of Directors – 0.01%
Treasury stock– 0.1%
Free float– 58.3%

References[edit]

^^a ^b ^c"Relatório Anual e de Sustentabilidade 2021".GPA RI(in Brazilian Portuguese). pp. 11, 12, 26, 30.Retrieved11 July2022.
^"Marcelo Pimentel, ex-Walmart, será novo presidente do GPA".Globo(in Brazilian Portuguese). Época Negócios. 17 March 2022.Retrieved12 July2022.
^"Brazilian retailer GPA's CEO resigns".Reuters.17 March 2022.Retrieved12 July2022.
^^a ^b ^c"Relatório Anual 2021".GPA RI(in Brazilian Portuguese).SEC.16 May 2022. pp. 12, 14, 40, 41, 42, 74, 75.Retrieved11 July2022.
^"Board of Directors and Board of Executive Officers"Archived16 January 2018 at theWayback Machine,GPA.Retrieved on 17 September 2013.
^"CIA BRASILEIRA DE DISTRIBUICAO",B3.29 April 2021. Retrieved 29 April 2021.
^"Fourth Quarter and Full Year 2016 Results"^{[permanent dead link]},Grupo Pão de Açúcar.Retrieved 7 March 2017.
^Zacks.com (24 July 2013)."CBD's 2Q Earnings Fall Y/Y".NASDAQ(New York). Retrieved 24 July 2013.
^Cowley, Matthew & Winterstein, Paulo (6 September 2013)."Brazil Businessman Diniz to Step Down as Pão de Açucar Chairman".The Wall Street Journal.Retrieved 17 September 2013.
^"French retailer Casino finalises rescue deal led by Czech tycoon".Reuters.5 October 2023.Retrieved17 February2024.
^"Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)".Yahoo! Finance.16 February 2024.Retrieved17 February2024.
^"Our Stores".GPA.Retrieved 16 August 2016.
^"Ownership Structure",GPA.Retrieved on 26 September 2020.

External links[edit]

Official website(in Portuguese)
GPAonLinkedIn

[RA21-1] "Relatório Anual e de Sustentabilidade 2021".GPA RI(in Brazilian Portuguese). pp. 11, 12, 26, 30.Retrieved11 July2022.

[2] "Marcelo Pimentel, ex-Walmart, será novo presidente do GPA".Globo(in Brazilian Portuguese). Época Negócios. 17 March 2022.Retrieved12 July2022.

[3] "Brazilian retailer GPA's CEO resigns".Reuters.17 March 2022.Retrieved12 July2022.

[SEC21-ROL-RL-4] "Relatório Anual 2021".GPA RI(in Brazilian Portuguese).SEC.16 May 2022. pp. 12, 14, 40, 41, 42, 74, 75.Retrieved11 July2022.

[5] "Board of Directors and Board of Executive Officers"Archived16 January 2018 at theWayback Machine,GPA.Retrieved on 17 September 2013.

[results-6] "CIA BRASILEIRA DE DISTRIBUICAO",B3.29 April 2021. Retrieved 29 April 2021.

[grupo-7] "Fourth Quarter and Full Year 2016 Results"^{[permanent dead link]},Grupo Pão de Açúcar.Retrieved 7 March 2017.

[8] Zacks.com (24 July 2013)."CBD's 2Q Earnings Fall Y/Y".NASDAQ(New York). Retrieved 24 July 2013.

[9] Cowley, Matthew & Winterstein, Paulo (6 September 2013)."Brazil Businessman Diniz to Step Down as Pão de Açucar Chairman".The Wall Street Journal.Retrieved 17 September 2013.

[10] "French retailer Casino finalises rescue deal led by Czech tycoon".Reuters.5 October 2023.Retrieved17 February2024.

[11] "Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)".Yahoo! Finance.16 February 2024.Retrieved17 February2024.

[12] "Our Stores".GPA.Retrieved 16 August 2016.

[13] "Ownership Structure",GPA.Retrieved on 26 September 2020.

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