RIO DE JANEIRO, BRAZIL - Shares in Carrefour edged higher on Wednesday, March 24th, after the French supermarket retailer and largest supermarket group in Brazil said it would buy Grupo BIG in a deal that values Brazil’s third-biggest food retailer at about US$1.3 billion.
Until recently, grupo BIG was called Walmart Brasil. Grupo Big operates approximately 550 stores with 50,000 employees in 18 Brazilian states; the company claims to . . .