Cencosud compra St. Marche e entra no ramo de supermercados premium

Cencosud, a major Chilean retail group, has made a significant move into the premium supermarket segment in Brazil by acquiring St. Marche, a chain with 32 high-end stores in São Paulo, including two Empório Santa Maria units. This marks Cencosud's first venture into the upscale market in Brazil, where it previously operated regional and popular chains like GBarbosa and Prezunic. This strategic acquisition not only diversifies Cencosud's portfolio but also highlights its ambition to capture the affluent consumer base in the country's wealthiest demographic segment.