French retailer Carrefour buys Grupo BIG, third-largest food retailer in Brazil

Until recently, grupo BIG was called Walmart Brasil. Grupo Big claims to be the third-largest food retail conglomerate in Brazil.

RIO DE JANEIRO, BRAZIL - Shares in Carrefour edged higher on Wednesday, March 24th, after the French supermarket retailer and largest supermarket group in Brazil said it would buy Grupo BIG in a deal that values Brazil’s third-biggest food retailer at about US$1.3 billion.

Until recently, grupo BIG was called Walmart Brasil. Grupo Big operates approximately 550 stores with 50,000 employees in 18 Brazilian states; the company claims to be . . .

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