RIO DE JANEIRO, BRAZIL - The incorporation of Colombian Almacenes Éxito into the Pão de Açúcar Group (GPA) provides positive results on all fronts: cash generation, EBITDA (earnings before interest, taxes, depreciation, and amortization) and net income, the company's president Peter Estermann guaranteed to journalists on Wednesday, December 11th. According to him, considering the operations added, the company has a combined turnover of close to R$71 billion (US$17.8 billion) considering the 12 months through September 2019.
Altogether, the group now has 150,000 employees in South America and more than 1,500 stores. "All corporate . . .