Cencosud jumps ahead in South America

03/7/2013 | Wall Street Journal, The

Cencosud became Colombia's second-largest retailer recently when it paid $2.6 billion to acquire Carrefour's 72 big-box stores, 16 convenience stores and multiple gas stations in the region. Cencosud now owns about 1,045 stores in South America, more than Wal-Mart's 950. Casino Groupe operates 2,143 South American stores under several brands.

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