Casino Guichard : Disposal of Via Varejo

Casino via varejo. Casino may sell Via Varejo | Valor International

The forward-looking statements contained in this press release are made only as of the date hereof.

09 março 2018

SAthrough which it controls Via Varejo. Last year, Magazine Luiza was the only appliance chain that opened any stores.

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According to the second source, who has knowledge of the Via Varejo sale process, Casino also held talks with U. The companies declined to comment.

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Similarly, it does not give and should not be treated as giving investment advice. SAfoundered last year due to disagreements during due diligence procedures, said a person with knowledge of this process. This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares of Cnova N.

Casino, Falabella and Americanas declined to comment. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. The relationship existing between Nova Pontocom, CBD and Via Varejo will be preserved, notably in the form of an amendment to the Operational Agreement entered into by Nova Pontocom, CBD and Via Varejo, aiming at preserving the commercial relationship and sharing of best practices between these companies, and in the form of a long term trademark license agreement.

It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement.

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Paris, November 23rd Disposal of Via Varejo Casino's Board of Directors, at a meeting held today, looked into the process made by its Brazilian affiliate CBD to evaluate potential strategic alternatives involving Via Varejo, its electronic goods and furniture business. Without changes to that business model, Casino could struggle to find a buyer for the 43 percent stake it holds in Via Varejo, and efforts by other chains to sell themselves and end years of over-borrowing and internal conflicts could also prove fruitless, investment bankers and industry players say.

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No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. These statements are based on data, assumptions and estimates that the Group believes are reasonable.

Smaller rival Eletrosom SA filed for bankruptcy protection in September and is also looking for a buyer, a fourth person said. It should not be regarded by recipients as a substitute for exercise of their own judgment.

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Securities and Exchange Commission but has not yet become effective. Via Varejo has cut about 15, jobs, or 20 percent of its workforce, and closed 9 percent of its stores nationwide in the past two years.

Casino may sell Via Varejo

The success of Cnova will be based on a low-cost business model with attractive pricing, an extensive product assortment and highly differentiated delivery and payment solutions. All opinions expressed herein are subject to change without notice.

Amazon has waded slowly into Brazil's complex and highly competitive online retail market, starting with e-book sales inadding physical books two years later and offering third-party sales of electronics in October. Units of Via Varejo, a blend of preferred and common stock, rose 4. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

Distributed by Public, unedited and unaltered, on 24 November Casino has held preliminary, non-binding talks with about half a dozen potential bidders since Via Varejo formally went on the block in November, two people familiar with the plans said.

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To attract stronger interest from global retailers or buyout firms, Casino knows it must demonstrate improvements in Via Varejo when it reports fourth-quarter results on Feb. Based on the determined exchange ratio, Cnova will be directly owned The Brazil deal could be structured as a partnership in that model or as an outright sale of Via Varejo, the source said.

They come as the e-commerce giant and Casino have struck an agreement to sell groceries from the French group's upmarket Monoprix through Amazon. You can enter multiple email addresses separated by commas Message: Other Brazilian appliance retailers trying to sell themselves face similar obstacles as some investors say their traditional playbook of brick-and-mortar outlets with lots of floor space and slow inventory turnover looks increasingly unsustainable.

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Creation of a major global ecommerce pure-player with a new entity Cnova Filing of a registration statement in relation to a potential IPO in the U. The largest appliance chains reacted by firing staff and closing stores.

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A registration statement relating to the securities of Cnova has been filed today with the U. It has since expanded its e-commerce operations. Reuters reported in recent month that the world's largest online retailer has been preparing to ramp up its Brazilian presence, courting local suppliers of appliances and electronics and eyeing a large warehouse outside of Sao Paulo.

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A registration statement has been filed in relation to a potential initial public offering in the U. The talks concerning Casino's Via Varejo chain, which includes one of Brazil's largest e-commerce operations and more than stores in the country, would accelerate Amazon's previously tepid advances into Latin America's largest market.

GPA had put Via Varejo up for sale two years ago but the company attracted little interest as its then-traditional infrastructure kept costs stubbornly high and dragged on redis cluster slots. The Group operates in a competitive and rapidly changing environment.

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These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. SA were among the companies that participated in that round of talks, the sources said.

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This document contains certain forward-looking statements. It has no connection with the investment objectives, financial situation or specific needs of any recipient.