Companhia Brasileira de Distribuicao ADS (CBD) Company Bio
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores primarily in Brazil. The company was founded in 1948 and is headquartered in São Paulo, Brazil.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
Brazilian food retailer GPA SA said it was warned by the New York Stock Exchange about its delay to file the 20F report related to 2019 results. In a securities filing late on Thursday, GPA, controlled by France's Casino Guichard Perrachon, said the company is waiting for its former subsidiary Via Varejo SA to republish its 2017 and 2018 results, applying the International Financial Reporting Standards 16. GPA sold all its stake in Via Varejo last June, to a group of investors.
Brazilian food retailer GPA on Wednesday reported gross revenue of 21.6 billion reais ($4.1 billion) in the first quarter for operations including Argentina, Colombia and Uruguay, up 14% year-on-year. In Brazil only, GPA reported a 15% rise in quarterly gross revenue to 15.9 billion reais, of which 8.5 billion reais came from its fast-growing wholesale unit Assaí, the company said in a securities filing.