Latin America News & Analysis

03 October 2013
Brazilian business group Ultrapar has acquired one of the country's largest drugstore chains, Imifarma Produtos Farmacêuticos e Cosméticos S.A, which operates under the Extrafarma brand. Marks Ultrapar's entry into retail pharmacy sector Ultrapar and Extrafarma will enter into an association agreement. As a result Extrafarma will become a wholly-owned subsidiary of the business group, an...
02 October 2013
Chilean retailer Falabella's supermarket chain, Tottus, has revamped its stores' image and is concentrating on private label development in Peru. New imagery for private labels According to commercial operations manager Luis Seminario, the change involves a more modern logo, with greater use of the colour green, and has been  gradually implemented. The new imagery is also being incorporated ...
01 October 2013
Walmart.com Brazil is to develop a new 53,500 sq m distribution centre in São Paulo, constructed by Prologis. Wider acceleration of e-commerce plans for Walmart The facility will be tailored to Walmart's needs. It will be located on Prologis' Cajamar II site to the north-west of São Paulo, close to the Anhanguera Highway which gives access to the ring road and to central São Paulo. Walma...
27 September 2013
Venezuela's newly created Órgano Superior de Defensa Popular de la Economía has taken control of a Central Madeirense supermarket in Caracas as part of moves to curb speculation and hoarding. Aim is to ensure production of and access to food The Órgano Superior de Defensa Popular de la Economía (higher authority for the people's defence of the economy) was created by Venezuela's presiden...
23 September 2013
Jean-Charles Naouri, chairman and CEO of Casino, is to take over as chairman of the GPA board of directors. Will be elected at EGM on 9 October Former chairman Abilio Diniz stepped down on 9 September. Commenting on his appointment, Mr Naouri said: "I want to express my renewed confidence in the management team of GPA led by Eneas Pestana. I know that I can rely on their commitment to bui...
19 September 2013
Following Cencosud's recent second quarter results, we look back at the year so far and examine what the rest of 2013 might hold for Chile's leading retailer. "Our story is based on continued growth" Cencosud reported consolidated revenue growth of +20% for the full year 2012 , driven by more than 150 new stores, including the acquisitions of supermarkets from Prezunic and department s...
19 September 2013
E-commerce platform eBay has launched a Portuguese language version of its Moda fashion app in Brazil, its first product specifically designed for the Brazilian market. Part of a plan focusing on emerging markets The app will be available from the end of September with Apple, with an android version to be rolled out later. Its launch is part of eBay's larger plan to deliver selection and...
11 September 2013
Walmart de México y Centroamérica has announced an agreement with Alsea, under which Alsea will acquire 100% of the retailer's restaurant division, VIPS. Part of Walmex's plan to simplify operations Walmex's restaurant division operates under various banners: VIPS, El Portón, Ragazzi y La Finca. The transaction, worth MXN8.2bn, has yet to be approved by regulatory authorities. Alsea will...
10 September 2013
Latin American wholesaler PriceSmart is to open its first store in the Colombian capital, Bogotá, in 2014 say local press reports. Expanding network in Colombia Although PriceSmart has clubs in Colombia already, with its most recent opening in Cali in May 2013, this would be its first venture into the capital. According to reports, the retailer has purchased a plot of land to the west of Bog...
09 September 2013
Abilio Diniz has stepped down as the chairman of GPA, reaffirming Casino's full control of the Brazilian group. Casino now controls 100% of GPA Mr Diniz has exchanged his shares in the holding company Wilkes, and resigned as its director. He will receive the same number of listed preferred GPA shares, without voting rights. He steps down as chairman of the GPA board and any pending legal...