GPA (company)
Companhia Brasileira de Distribuição, or GPA, is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores. Its headquarters are in São Paulo city, and it is owned by Free Float.
The company is the second biggest retail company in Latin America by revenue and the second largest online retailer in Brazil. The company operates its e-commerce through Cnova, a subsidiary of Via Varejo.
History
In 1948, the immigrant Portuguese Valentim dos Santos Diniz opened a confectionery in São Paulo, which he named Pão de Açucar in memory of the first landscape he saw of Brazil when he arrived by boat.For 2013, the company planned to open more than 150 stores, targeting northeast and mid-west regions.
In September 2013, Abílio Diniz, the son of the company's founder, stepped down as chairman of the company.
In 2024, Casino reduces its stake to 22.5%.
Business units
GPA operates through different store concepts :809 retail stores; 68 drugstores* and 74 gas station.
- Pão de Açúcar
- * Minuto Pão de Açúcar
- * Pão de Açúcar Fresh
- * Pão de Açúcar Adega
- * Posto Pão de Açúcar**
- Extra
- * Mercado Extra
- * Mini Extra
- * Drogaria Extra*
- * Posto Extra**
- Compre Bem
- * Posto Compre Bem**
- Assaí Atacadista
- * Posto Assaí
Ownership structure
Currently, GPA is owned by:- Free Float: 71,8%
- Grupo Casino: 22,5%
- Diretores e Conselheiros: 5,6%