Grupo Mateus

Grupo Mateus Reports 21% Net Profit Growth In Q3

Brazil’s Grupo Mateus announced a 20.9% year-over-year increase in third-quarter net profit, reaching R$379.2 million (€62.3 milion).

Grupo Mateus' Second-Quarter Profits Increase by 18%

Brazil's third-largest retailer, Grupo Mateus, has announced an 18% year-on-year increase in net profit to 347.5 million reais (€57.7 million) for the...

Brazil's Grupo Mateus Planning €1.2bn Merger With Novo Atacarejo

Brazil's third-largest supermarket chain, Grupo Mateus, has signed a non-binding agreement with regional cash-and-carry chain Novo Atacarejo to merge the t...

Brazil’s Supermarkets Break Through R$1trn Revenue Barrier

Brazilian supermarkets broke the barrier of R$1 trillion (€184 billion) in revenue last year, corresponding to 9.2% of GDP, according to the Brazilian...

Pátria Investimentos Invests In Major Brazilian Wholesaler

Latin American investment fund Pátria Investimentos has acquired a 56% stake in wholesaler Atakarejo, a market leader in the Brazilian state of Bahi...

Brazil’s Grupo Mateus To Open 28 Stores By End Of 2023

Brazilian retailer Grupo Mateus plans to increase its number of store openings in the second half of 2023, with 28 outlets scheduled to open in this period...

Carrefour Tops Brazilian Supermarket Rankings For Seventh Year

For the seventh year in a row, Carrefour is the Brazilian supermarket chain with the highest annual turnover, ending 2022 with a turnover R$ 108.1 billion...

Subscribe Today

Get the app today!