Via Varejo

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Via Varejo S.A.
Type Sociedade Anónima
Traded as BM&F Bovespa: VVAR3, VVAR4, VVAR11
Industry Retail
Founded 2010
Headquarters São Caetano do Sul, Brazil
Number of locations 975
Area served Brazil
Key people Michael Klein, (Chairman)
Francisco Valim, (CEO)[1]
Revenue Increase US$ 12.7 billion (2012)[2]
Net income Increase US$ 157.1 million (2012)[2]
Parent GPA
Subsidiaries Casas Bahia
Nova Pontocom
Ponto Frio
Website www.viavarejo.com.br

Via Varejo is a Brazilian retail company founded in 2010 through the merger of retail companies Casas Bahia, owned by the Klein family, and Ponto Frio, owned by Grupo Pão de Açúcar.

History

In December 2009, Grupo Pão de Açúcar purchased Casas Bahia and transferred its retail units to Globex Utilidades SA, Ponto Frio's parent company which was purchased by the group in June earlier that year.[3]

The company operates retail online through its subsidiary Nova Pontocom, an e-commerce company that was born in 2010 by the merger of the online operations of Casas Bahia, Ponto Frio, and Extra, a hypermarket chain owned by Grupo Pão de Açúcar. Nova Pontocom holds 18% of the market share in Brazilian online retail.[4]

In early 2012, Globex Utilidades officially changed its corporate name to Via Varejo.[5]

In May 2013, it was announced that the Klein family is planning to sell as much as R$ 2 billion (16%) worth of their stake in the company through an IPO.[6][7] 53.7 million common shares of the family's stake have began trading on December 16, 2013.[8]

In August 2013, the board of Via Varejo announced its nomination for a new CEO.[9]

In October 2013, it was announced that Via Varejo will acquire the remaining 75% stake of Móveis Bartira, an exclusive provider of furniture for Casas Bahia and Ponto Frio, founded by Samuel Klein in 1962.[10][11]

In December 2013, Via Varejo raised R$ 2.845 billion through a public offering of shares. Three quarters of the amount raised went to the Klein family, while the rest went to GPA.[12] Ownership of the company has changed to GPA with 43.3%, the Klein family with 27.3%, and minority shareholders with 29.3%.[13]

Operations

Via Varejo has a portfolio of e-commerce business units, which include Extra.com.br, CasasBahia.com.br, PontoFrio.com.br, Barateiro.com.br, Partiu Viagens, and e-Plataforma.[14]

The company has 975 stores in Brazil, distributed under the brands Casas Bahia with 578 stores and Ponto Frio with 397 stores.[15] The state with the largest number of Casas Bahia and Ponto Frio stores is São Paulo, with 270 and 146 stores respectively.[16]

References

  1. ↑ "Management and Board of Directors", Viavarejo. Retrieved on 28 August 2013.
  2. ↑ 2.0 2.1 "4th Quarter and 2012 Earnings Release", Viavarejo. Retrieved 18 July 2013.
  3. ↑ Marcelino, Francisco & Fontana, Camila (4 December 2009). "Pao De Acucar Agrees to Buy Casas Bahia; Shares Jump". Bloomberg. Retrieved 18 July 2013.
  4. ↑ "Taqtile Signs Leading Brazilian Retailer as Mobile Platform Customer". PR Newswire. 16 July 2013. Retrieved 18 July 2013.
  5. ↑ "Globex planeja adotar nome "Via Varejo"". Brasil Econômico. 30 January 2012. Retrieved 18 July 2013.
  6. ↑ Brandimarte, Walter (13 May 2013). "Big holder plans to sell nearly $1 billion of Via Varejo stake". Reuters. Retrieved 18 July 2013.
  7. ↑ "Brazil's Klein family to sell up to 16 pct stake in Via Varejo". Reuters. 13 May 2013. Retrieved 18 July 2013.
  8. ↑ "Brazil's Pao de Acucar, Klein family to sell Via Varejo shares". Reuters. 25 November 2013. Retrieved 26 November 2013.
  9. ↑ "STXNEWS LATAM-Former Brazil's Oi CEO Valim may run retailer Via Varejo". Reuters. 16 August 2013. Retrieved 21 August 2013.
  10. ↑ "Via Varejo pode comprar Móveis Bartira". Meio & Mensagem. 17 October 2013. Retrieved 18 October 2013.
  11. ↑ Bezerra, Paula (17 October 2013). "Via Varejo pode ficar com Móveis Bartira, dos Klein ". Exame. Retrieved 18 October 2013.
  12. ↑ "Ações da Via Varejo estreiam em alta na Bovespa". UOL (São Paulo). 16 December 2013. Retrieved 17 December 2013.
  13. ↑ "Corporate Governance". Via Varejo. Retrieved 13 January 2014.
  14. ↑ "Business Units", Viavarejo. Retrieved 18 July 2013.
  15. ↑ "3rd Quarter of 2013 Earnings Release". Viavarejo. Retrieved 20 October 2013.
  16. ↑ "Stores by State", Viavarejo. Retrieved on 28 August 2013.

External links

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