Casino Guichard-Perrachon, the Brazilian subsidiary of French grocery chain Casino, sold a 36% stake in electronics retailer Via Varejo in an auction last Friday. Shareholder Michael Klein and his.
France’s Casino Guichard Perrachon SA has decided to delay the sale of its Brazilian appliance retailing unit, one person close to the company said. The interested parties should have delivered bids to acquire Via Varejo. The source said the bidding process was delayed because the Klein family, which has a 27-percent stake in Via Varejo, has expressed interest in acquiring Casino’s stake.
Since then, Via Varejo common shares have gained 50%. On Wednesday afternoon, shares were up 1.7% at 7.60 reais. On Wednesday afternoon, shares were up 1.7% at 7.60 reais. Klein, whose father founded appliance retail chain Casas Bahias in the 1950s, one of the companies that formed Via Varejo, said the retailer’s strategy is to rekindle the proprietary credit lines that were a fixture of the.
Casino later confirmed the move on Thursday, saying it would simplify its structure in Latin America. Price War. Latin America, and particularly Brazil, is a key contributor to Casino's sales and.
Casino to sell most Leader Price stores in France to Aldi More asset sales potentially ahead as group’s heavily indebted parent is under court protection Save.
GPA, controlling shareholder of Brazil's Via Varejo and a unit of Casino Guichard Perrachon SA, said its board of directors approved the sale of all shares it owns in the retailer for a minimum.
Via Varejo SA, Brazil's largest appliance retailer, is expanding premium stores targeting wealthy customers in a bid to improve results as controlling shareholder Casino Guichard Perrachon SA tries to find a buyer for the company. Via Varejo increased its premium stores to 51 from 36 in the.
Amazon.com Inc and Casino Guichard Perrachon SA are negotiating a deal in Brazil either partnering or selling the French retailer's local appliance and electronics chain, a source familiar with.
Casino to offload its stake Via Varejo Jun. 14, 2019 at 12:17 p.m. ET on Seeking Alpha Via Varejo S.A. ADR 2018 Q1 - Results - Earnings Call Slides.
French supermarket retailer Casino, which has been selling assets to cut debts and reassure investors, said on Thursday it was reviewing its strategic options in Latin America.
Casino sells Brazil e-commerce sites, to focus on Cdiscount. Cnova will focus entirely on Cdiscount, while Via Varejo will become the sole shareholder of Cnova Brazil, which operates the Extra.
Director at Via Varejo SA. Overview. Career Highlights. Casa Bahia Comercial Ltda. RelSci Relationships. 100. Number of Boards. 1. Birthday. 1972. Age. 47. Relationships. View Relationship Details. RelSci Relationships are individuals Roberto Fulcherberguer likely has professional access to. A relationship does not necessarily indicate a personal connection. Libano Miranda Barroso. Managing.
Tag: GPA. BRAZIL: Casino’s GPA Considering Asset Sell Offs. 21st February 2020. LATIN AMERICA: Casino Unveils Improved Offer For Exito Stake In GPA. 20th August 2019. BRAZIL: Casino To Divest Stake In Via Varejo. 13th June 2019. BRAZIL: Casino’s GPA To Continue Focus On Wholesale Banners. 29th October 2018. BRAZIL: Casino Plays Down Amazon-Via Varejo Speculation. 29th August 2018.
Casino has sold off its stake in Brazilian electrical goods retailer Via Varejo, the latest push from the French supermarket group to shore up its balance sheet after its parent companies filed for.
Brazilian retail veteran Michael Klein and his family are taking over control of appliance retailer Via Varejo SA, spending less than initially expected, three sources with knowledge of the matter.
French supermarket chain Casino Guichard Perrachon SA, which has been selling assets to cut debt and reassure investors, said on Thursday it was reviewing strategic options in Latin America.
Group Casino: pursuit of the Via Varejo disposal process without any new event to report to the market. Following today's rumors, Casino confirms that the process to dispose of its subsidiary Via.
Controlled by France's Casino France's Casino Guichard Perrachon SA (PA: CASP), GPA sold its full 36% stake in Via Varejo in June 2019 to a group of investors led by retail veteran Michael Klein.
A review of strategic options in Latin America announced by France's Casino should not affect Brazilian subsidiary GPA's plan to sell its stake in retailer Via Varejo, Chief Executive Peter.