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French Company Groupe Casino Plans to Sell Stake in Grupo Éxito to Service Debts

Groupe Casino's stock has fallen over 20% in value this week as the company’s debt risk — and lack of a clear plan to service its debt — creates pessimism among investors.
Posted On July 8, 2023
, By Elle F. Yap
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Sickening Police Violence & Vandalism Tarnish Colombia’s Largely Peaceful Protests

Colombia’s National Strike that took place yesterday, November 21 was overwhelmingly peaceful—depending upon where one was. Medellín and Cartagena saw almost completely peaceful protests, while Cali saw incidents of violence, and predictably, Bogotá saw massive acts of vandalism...
Posted On November 22, 2019
, By Loren Moss
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Grupo Éxito CEO Carlos Mario Giraldo Named ‘Dynamic CEO of the Year’ by Council of the Americas

The CEO was honored for "outstanding performance leading the group's extensive portfolio of brands in several countries," said Council of the Americas.
Posted On September 10, 2018
, By Jared Wade
banco de bogota banco de bogotá bancolombia colombia
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Banco de Bogotá to Install Correspondent Banking Locations in La 14 Supermarkets

Each "corresponsal" will serve as mini-branch that allows customers to make payments, withdrawals, deposits, and other day-to-day transactions.
Posted On April 25, 2017
, By Jared Wade
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Medellin’s Éxito Purchases Grupo Pão de Açúcar in Brasil, Libertad in Argentina; Now Largest Retailer In South America

Last week, Medellin based Grupo Éxito has entered into a share purchase agreement with Casino regarding the acquisitions in cash of a 50% stake in the holding company of 99.9% the ordinary voting shares of Grupo Pão de Açúcar, representing 18,8% of the total capital, along with...
Posted On August 30, 2015
, By Loren Moss

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