Cencosud
| Type | Sociedad Anónima |
|---|---|
| Traded as | BCS: CENCOSUD NYSE: CNCO |
| Industry | Retail |
| Founded | 1960 |
| Headquarters | Santiago, Chile |
| Key people | Horst Paulmann Kemna, (Chairman) |
| Products | Hypermarket Supermarket Malls Department store |
| Revenue |  US$ 19.0 billion (2012) [1] |
| Net income |  US$ 562.6 million (2012) |
| Employees | 126,530 |
| Website | www.cencosud.cl |
Cencosud S.A. is a publicly traded Chilean retail company. Is the largest retail company in Chile and the third largest listed retail company in Latin America, competing with the Brazilian Grupo Pão de Açúcar and the Mexican Walmart de México y Centroamérica as one of the largest retail companies in the region. The company has more than 1.045 stores in Latin America.
History
By the end of 2006, the operations of the company included 65 Jumbo hypermarkets, 165 Santa Isabel supermarkets; 249 Disco, Plaza Vea, Super Vea y Mini Sol supermarkets; 60 Easy home improvement stores; 36 Paris department stores; 27 shopping malls and 52 offices of Banco Paris bank, totaling a sales area of 1.8 million square meters, or 19,375,038.75 square feet. It had more than 4.3 million active credit card accounts, issued under the brands Más Jumbo, Más Easy and Más Paris.[2]
By the end of 2007, several new stores had been opened in Chile, Argentina and Peru, and the company acquired Wong supermarkets,[3] the largest retailer in Peru, and GBarbosa,[4] a Brazilian retailer.
In August 2011, Cencosud announced the acquisition of Supermercados Cardoso,[5] a family based company out of Jequié, Bahia.
Brands
Cencosud operates upscale Almacenes París (Today just Paris) department stores, the Costanera Center financial center, Easy home improvement and hardware stores, Jumbo hypermarkets, Santa Isabel supermarkets, in Chile. Also operates Bretas supermarkets, G Barbosa super and hypermarkets, Prezunic supermarkets and Perini supermarkets in Brazil, Wong and Metro in Peru and has, recently, achieved Carrefour hypermarket operations in Colombia, which will change its brand to Jumbo.
Notes
- ^ businessweek.com
- ^ Santiago Stock Exchange (2006-12-31). "Stock Exchange Summary for CENCOSUD".
- ^ Economía y Negocios (2007-12-17). "Asociación con Wong pavimenta ingreso de Cencosud a Perú".
- ^ Valor Futuro (2007-11-11). "GBarbosa, el nuevo brazo de Cencosud en Brasil".
- ^ Supermercados Cardoso (2011-08-09). "Comunidado Oficial".
External links
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