Cencosud Makes Brazilian Acquisition Despite Weak Same-Store Sales Growth

Chile-based retailer Cencosud has announced the acquisition of Brazilian supermarket chain Prezunic in a deal worth BRL685.7mn. The move builds Cencosud's market share in the state of Rio de Janeiro and represents the latest in a series of acquisitions within the country. Cencosud has interests across Latin America but has recently focused its investment capital in Brazil. This highlights that the market currently stands out as probably the most exciting regional opportunity for retailers, although Cencosud's latest results suggest it still has work to do to make its stores in the country deliver the level of performance that would be

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