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Coordinated Exito's uruguayan subsidiaries Disco and Devoto's internal financial reporting as well as the consolidation of their financial results into Grupo Exito's financial statements. Reported sales information and KPIs, both for internal use as well as for parent company Casino. Why your go-to-market strategy should be industry focused; Dec. Prezi Video + Unsplash: Access over two million images to tell your story through video.
Exito, a Casino subsidiary, announced the signing of an agreement to acquire and operate 50 stores of the Colombian company Super Inter. Exito will acquire 19 stores in 2014 and will operate the 31 remaining ones, which are subject to a call option exercisable in 2015.
Created in 1992, Super Inter is an independent retailer located in the Cali and Coffee regions, with 2013 estimated sales of around 425 M$.
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This operation will consolidate Exito’s leadership in Colombia, expanding its footprint in these two regions. The transaction will also further accelerate Exito’s development in the discount format through an additional brand that will complement Exito’s current discount format Surtimax.
The transaction will be financed out of Exito’s existing cash balance resources and will be accretive to Exito’s net earnings from the first year. The execution of the transaction is subject to the approval of the Colombian antitrust authority.
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or
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GROUP EXTERNAL COMMUNICATION DEPARTMENT
PRESS CONTACT
Aziza BOUSTER
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Recent News
In our purpose of maintaining a close and transparent relationship with the different stakeholders, we review the most important news events of our company.
3Q-2020 Press Release
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2Q-2020 Press Release
Sales from e-commerce channels grew 191% in Colombia and 116% in Uruguay, responding adequately to changes in customer consumption habits...
Grupo Éxito Recorded 1Q Net Revenue of COP4 Billion, a 12% Growth(1), and a ...
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Grupo Exito’s New Board of Directors has been Elected