Latin America News & Analysis

27 September 2022
GPA, Brazil’s second biggest retailer, and Grupo Éxito, Colombia’s leading grocer, which are both part of the French retailer Casino Group, have made it easier for customers to make healthier choices through the development of the Taeq private label range. Democratising healthier options The pandemic has been a catalyst for customers to put their health first. This has led to them conscious...
13 September 2022
On September 5, Brazilian retail group Grupo Pão de Açúcar (GPA) announced plans to sell 83% of the shares it owns in its subsidiary Grupo Éxito, Colombia’s leading grocer. The sale is aimed at generating increased value for Éxito shareholders but should enhance the market value of GPA and Éxito alike.    GPA will retain a minority share of 13% in Éxito but has the potential to monetise its ho...
25 August 2022
Grupo Nós, a joint venture between the Brazilian company Raízen and the Mexican business FEMSA Comercio, is rapidly expanding the OXXO convenience store chain in Brazil. The first store opened in the city of Campinas (São Paulo state) and as of July 2022, it had 124 units in operation. The OXXO convenience chain was launched in Mexico by FEMSA in 1978 and it has since accumulated 20,196 st...
16 August 2022
Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...
12 August 2022
Following on from our recent article, ‘Economic pressures paving the way for private label growth in Latin America’ , we take a closer look at three countries and how the leading retailers are gaining share from the major FMCG brands. Brazil has seen the highest growth in private label sales penetration Brazil is facing some of the toughest economic pressures in the region. Unemployment ...
05 August 2022
In Latin America, the sales penetration of private label is well behind the levels seen in more developed regions, e.g. Europe and North America. But, in recent years this has started to change.    High inflation, coupled with the highest unemployment levels witnessed in over 30 years has weakened the purchasing power of many Latin Americans. As a result, people have had to reduce their spend ...
29 July 2022
Casino Group has reported positive sales growth in Q2 to record a turnover of €15.9 bn in H1 2022, up 9.8% against H1 2021. Trading profit however has fallen 13.4%, to €380m in H1 2022. France: Convenience drives the recovery as tourism returns Net sales in French retail for H1 2022 saw a 1% increase YoY, as it reported sales of €6,935m. The retailer will be buoyed by a return to sales grow...
22 July 2022
Last month (June 2022), Carrefour, Brazil’s leading grocery retailer, completed its acquisition of the countries’ third largest (Grupo BIG). This cemented Carrefour’s place as Brazil’s market leading grocer, with a market share close to 25%. Following my recent article ‘Carrefour consolidates its leadership in Brazil’ , I now explore some of the challenges and opportunities the acquisition ...
08 July 2022
This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...
30 June 2022
In March 2021, Carrefour Brazil reached an agreement to acquire Grupo BIG from Advent International and Walmart, subject to approval from Brazil’s antitrust watchdog CADE (The Administrative Council for Economic Defense). This was approved on 25 May 2022, subject to Carrefour disposing of 14 stores in anti-competitive locations. Earlier this month (7 June) the acquisition was finalised. It...