Exito shareholders OK plan to buy Uruguayan grocers
Shareholders of Colombia’s largest retailer, Almacenes Exito SA, on Wednesday approved a plan by the board of directors to purchase two supermarket chains in Uruguay for $746 million. In a…
Shareholders of Colombia’s largest retailer, Almacenes Exito SA, on Wednesday approved a plan by the board of directors to purchase two supermarket chains in Uruguay for $746 million. In a…
Shares of Colombia’s No. 1 retail chain, Almacenes Exito fell nearly 7 percent on Thursday after the company said it was weighing issuing new shares to finance expansion plans. Exito’s…
Colombia’s largest retailer, Almacenes Exito SA, expects strong domestic consumption and retail sales to continue this year, its chief operating officer Carlos Giraldo said Wednesday. “We are positive toward consumer…
Colombia’s largest retailer, Almacenes Exito SA, posted a net profit of 147 billion Colombian pesos ($75 million) last year, down 3.9% from the COP153 billion reported in 2008, the company…
Venezuela began the nationalization of French-Colombian supermarket chain Exito on Tuesday, announced the socialist nation’s Trade Minister Eduardo Saman. The minister said on television that, following the public takeover, “this…
President Hugo Chavez ordered Sunday the seizure of a French-owned retail chain following accusations that it raised prices after Venezuela devalued the currency by half. “How long are we going…
Colombia’s benchmark IGBC stock index fell 0.6% on Tuesday, dragged down by a weak U.S. market and lower crude prices. Shares in state-controlled oil firm Ecopetrol fell 1% to COP2,445…
Colombia’s benchmark IGBC stock index rose 0.3% to 11,641.37 points on Monday, led by the country’s largest retailer, Almacenes Exito SA, which gained 1.5% on positive Christmas retail-sales data. Retail…
Colombia’s largest retailer, Almacenes Exito SA, raised COP435 billion (US$218 million) by selling new shares, the company said in a filing to the local market regulator. The company raised COP217…