Colombia: latest news, insights and analysis | ESM Magazine

Jerónimo Martins Invests €93 Million In Bonus Scheme

Jerónimo Martins has announced plans to invest around €93 million in an 'extraordinary bonus' scheme for 90,000 of its employees in Portugal, P...

Brazil's GPA Mulls €190m Share Offering To Reduce Debt

Brazilian food retailer GPA has hired banks to evaluate a potential offering of primary shares worth 1 billion reais (€190 million) as part of a broad...

Jerónimo Martins Sees Profit Up 33% In First Nine Months

Portugal’s Jerónimo Martins Group saw its profits soar 33% to €558 million in the first nine months of 2023, driven by strong sales growt...

Jerónimo Martins Announces Expansion Plan For Ara In Colombia

Portuguese retail group Jerónimo Martins is aiming to have 1,300 stores of the Ara supermarket chain in Colombia by the end of 2023, up from 1,093 l...

Chile's Cencosud Sees Net Income Up 163% In Q2 2023

Chilean multi-format retail holding company Cencosud reported net income of US$ 179 million (€164 million) in the second quarter of 2023, registering...

GPA Again Rejects Jaime Gilinski's Bid To Buy 51% Of Éxito

Brazilian retailer GPA said that its its board has rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidia...

Jerónimo Martins Sees Profit Up Nearly 60% In Q1 2023

Portuguese retail group Jerónimo Martins posted net profit of €140 million in Q1 2023, an increase of 59.1% compared to the same period last ye...

Casino's GPA Prepares To Spin Off Colombian Supermarket Operator Exito

Brazilian retailer GPA said it has taken the first steps towards spinning off its Colombian subsidiary Almacenes Exito SA and plans to distribute its share...