In Brazil, Wal-Mart focuses on cash & carry

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10 September 2019 à 17h18

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1 minute

Publication: 10 September 2019 à 17h18

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Publication

10 September 2019 à 17h18

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1 minute

Publication: 10 September 2019 à 17h18

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One year ago, Wal-Mart sold 80% of its 410 Brazilian stores to the U.S. private-equity fund Advent. In this market dominated by Casino (650 stores) and Carrefour (690 stores), the turnover of Wal-Mart dropped by 13% last year. Advent has announced an investment of €400 million over 3 years, similarly to the investment of the French rivals. Advent will abandon the Wal-Mart brand (to replace it by the regional brands Big and Bompreço), revamp or close about 40 supermarkets, and focus on “cash & c

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