GPA (company)

Companhia Brasileira de Distribuição
GPA
Company typePublic
IndustryRetail
Founded7 September 1948; 76 years ago (1948-09-07)
FounderValentim Diniz
Headquarters
São Paulo, SP
,
Brazil
Number of locations
1.429 stores (2021)[1]
Key people
Brands
RevenueIncrease US$9.19 billion (2021)[4]
  • GPA: US$4.81 billion
  • Éxito: US$4.36 billion
Decrease US$172 million (2021)[4]
Total assetsDecrease US$8.86 billion (2021)[4]
OwnerFree Float (71,8%)
Number of employees
84,464 (2021)[1]
Subsidiaries
  • GPA Malls
  • Multivarejo
Websitegpabr.com
Footnotes / references
[5][6][7]

Companhia Brasileira de Distribuição, or GPA (from its former name Grupo Pão de Açúcar), is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores. Its headquarters are in São Paulo city, and it is owned by Free Float.

The company is the second biggest retail company in Latin America by revenue and the second largest online retailer in Brazil. The company operates its e-commerce through Cnova, a subsidiary of Via Varejo.

History

In 1948, the immigrant Portuguese Valentim dos Santos Diniz opened a confectionery in São Paulo, which he named Pão de Açucar ("Sugarloaf Mountain") in memory of the first landscape he saw of Brazil when he arrived by boat (the Sugarloaf Mountain is a rocky peak that dominates Rio de Janeiro).

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 2024, Casino reduces its stake to 22.5%.

Business units

GPA operates through different store concepts (and different banner logos):[10][1]

809 retail stores; 68 drugstores* and 74 gas station.

  • 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 Assaí wholesaling stores)
    • Mercado Extra (146 stores)
    • Mini Extra (141 stores)
    • Drogaria Extra*
    • Posto Extra**
  • Compre Bem (28 stores)
    • Posto Compre Bem**
  • Assaí Atacadista
    • Posto Assaí

Ownership structure

Currently, GPA is owned by:[11]

  • Free Float: 71,8%
  • Grupo Casino: 22,5%
  • Diretores e Conselheiros: 5,6%

See also

References

  1. ^ a b c "Relatório Anual e de Sustentabilidade 2021". GPA RI (in Brazilian Portuguese). pp. 11, 12, 26, 30. Retrieved 11 July 2022.
  2. ^ "Marcelo Pimentel, ex-Walmart, será novo presidente do GPA". Globo (in Brazilian Portuguese). Época Negócios. 17 March 2022. Retrieved 12 July 2022.
  3. ^ "Brazilian retailer GPA's CEO resigns". Reuters. 17 March 2022. Retrieved 12 July 2022.
  4. ^ a b c "Relatório Anual 2021". GPA RI (in Brazilian Portuguese). SEC. 16 May 2022. pp. 12, 14, 40, 41, 42, 74, 75. Retrieved 11 July 2022.
  5. ^ "Board of Directors and Board of Executive Officers" Archived 16 January 2018 at the Wayback Machine, GPA. Retrieved on 17 September 2013.
  6. ^ "CIA BRASILEIRA DE DISTRIBUICAO", B3. 29 April 2021. Retrieved 29 April 2021.
  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. ^ "Our Stores". GPA. Retrieved 16 August 2016.
  11. ^ "Ownership Structure", GPA. Retrieved on 26 September 2024.