3 ways GPA will drive profitability following the sale of its hypermarkets

Date : 19 November 2021

Oliver Butterworth

Senior Analyst

Early in 2021, Brazilian retailer GPA (part of the French retail Group, Casino) span off its successful cash and carry format, creating two separate retail businesses (GPA and Assaí). On October 14 (2021), it announced it was divesting its Extra hypermarket business, selling off 71 stores to…
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