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Article: Brazil: Casino to open new food stores.
- Article from:
- South American Business Information
- Article date:
- September 7, 1999
CopyrightCOPYRIGHT 1999 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Casino plans to open 26 new food stores in Brazil over the next 2 years. Besides, it plans to develop new products and create a regional food acquisition facility in order to benefit from Mercosur operations. Casino, which acquired last month a 25% stake in Pao de Acucar, opted for a minority stake in order to have conditions to back further acquisitions in other countries. In order to launch Casino products into the Brazilian market, the ...
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