| Type | Public (IPSA:CENCOSUD) |
|---|---|
| Industry | Retail |
| Founded | (1960) |
| Headquarters | Santiago, Chile |
| Key people | Horst Paulmann Kemna, (Chairman) |
| Products | Hypermarket Supermarket Malls Department store |
| Revenue | US$ 14.8 Billion (2010) [1] |
| Net income | US$ 643.4 Million (2010) |
| Employees | 120.000 |
| Website | www.cencosud.cl |
Cencosud S.A. (IPSA:CENCOSUD) is a publicly traded Chilean retail company. Is one of the largest in Latin America, competing with the Brazilian Grupo Pão de Açúcar and the Mexican Walmex as one of the largest Latin retail companies.
By the end of 2006, the operations of the company included 34 Jumbo hypermarkets, 120 Santa Isabel supermarkets; 239 Disco, Plaza Vea, Super Vea y Mini Sol supermarkets; 50 Easy home improvement stores; 23 Paris department stores; 20 shopping malls and 49 offices of Banco Paris bank, totaling a sales area of 1.8 million square meters, or 19,375,038.75 square feet. It had more than 4.3 million active credit card accounts, issued under the brands Más Jumbo, Más Easy and Más Paris.[2]
By the end of 2007, several new stores had been opened in Chile, Argentina and Peru, and the company acquired Wong supermarkets,[3] the largest retailer in Peru, and GBarbosa,[4] a Brazilian retailer.
In august 2011, Cencosud announced the acquisition of Supermercados Cardoso,[5] a family based company out of Jequié, Bahia.
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