Exito CEO Upbeat About Uruguay Grocery Acquisition

Patrick Archer foreign investment, uruguay

Two months after Colombia’s largest retailer announced plans for the purchase of the largest grocery chain in Uruguay, Dinero.com checks in with Grupo Exito CEO Gonzalo Restrepo to put the deal in perspective. In an interview with Dario Lopez, Restrepo shoots straight on the acquisition, the appeal of Uruguay and Exito’s plans for expansion in other corners of Latin America. …

Colombia’s Almacenes Exito Goes Shopping in Uruguay

Patrick Archer foreign investment, franchises, uruguay

Colombia’s largest retailer, Almacenes Exito, announced plans this week to make a major move into the Southern Cone with the purchase of three of Uruguay’s largest supermarket chains: Disco, Devoto and Geant. Exito’s Board of Directors signed off on the deal which has the blessing of France’s Grupo Casino, the majority shareholder of Grupo Exito. Monica Parada Llanes of Colombia’s La …