Disruption at Cencosud

Publication

3 July 2018 à 17h12

Updated on 10 May 2019 à 16h58

Reading time

1 minute

Publication: 3 July 2018 à 17h12, Updated on 10 May 2019 à 16h58

Reading time: 1 minute

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Publication

3 July 2018 à 17h12

Updated on 10 May 2019 à 16h58

Reading time

1 minute

Publication: 3 July 2018 à 17h12, Updated on 10 May 2019 à 16h58

Reading time: 1 minute

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In June, Cencosud’s C.E.O. Jaime Soler suddenly resigned. His departure is said to be due to strategic differences with the controlling shareholder Horst Paulmann about the future of the Brazilian business. Paulmann did not agree on disposals whilst current results remain weak, devaluing assets. Cencosud runs 200 Brazilian stores, with brands including Prezunic, Bretas, Pernini, and G.Barbosa. This is a portfolio of brands which proved difficult to assemble and provide successful re

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