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...

ShopFully Acquires Ofertia App And Website

European drive-to-store company ShopFully has acquired the Ofertia website and app, a platform offering deals and promotions in Spain, Mexico, and Colombia...

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...

Minerva Foods Acquires 16 Facilities From Marfrig In Latin America

Latin American fresh beef exporter Minerva Foods has acquired 16 facilities in Brazil, Argentina, and Chile from Brazilian meatpacker Marfrig.

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...