Introduction
GPA, also known as Companhia Brasileira de Distribuição, is a prominent Brazilian company operating in the retail industry. Established on September 7, 1948, by its founder Valentim Diniz, GPA has grown to become the largest retail conglomerate in Brazil. With its headquarters in São Paulo, the company specializes in the retailing of various products, including food, general merchandise, electronic goods, and home appliances. GPA operates a vast network of supermarkets, hypermarkets, and home appliance stores, making it a significant player in the Brazilian retail market.
Key Figures and Subsidiaries
GPA boasts impressive figures that highlight its market dominance. As of 2021, the company operates 1,429 stores across Brazil With a revenue of US$9.19 billion in the same year, GPA stands as the second-largest retail company in Latin America by revenue The company also has a strong online presence and is the second-largest online retailer in Brazil. GPA conducts its e-commerce operations through its subsidiary, Cnova.
GPA’s success can be attributed to its strategic acquisitions and subsidiaries. One of its notable subsidiaries is Grupo Éxito, which operates 233 retail stores in Colombia Additionally, GPA owns various store concepts in Brazil, including Pão de Açúcar, Extra, and Assaí Atacadista. These store concepts cater to different customer needs and contribute to GPA’s diverse retail offerings
Ownership Structure
GPA’s ownership structure is as follows: Grupo Casino holds a majority stake of 41.2% in the company, while the Board of Executive Officers, Board of Directors, and Treasury stock collectively own a small percentage. The remaining shares are available for public trading, constituting the free float [[11]].
Conclusion
In conclusion, GPA is a leading retail conglomerate in Brazil, offering a wide range of products through its extensive network of stores. With its strong market presence, impressive revenue, and strategic subsidiaries, GPA continues to shape the retail landscape in Brazil. As the company expands its online operations and explores new opportunities, it remains a key player in the Brazilian retail industry.
