CBD Takes Positives From Downturn

Brazil's largest grocery retailer, Companhia Brasileira de Distribuição (CBD), has suggested that the current economic downturn and global financial crisis could result in takeover opportunities as smaller chains find it hard to continue operating independently. The firm also suggests that the current conditions give it better leverage when negotiating with international and domestic suppliers who do not want large overhangs of stock at a time when demand is

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