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Mateus Group becomes Brazil’s 4th largest food retailer

RIO DE JANEIRO, BRAZIL - Mateus Group (GMAT3) is now Brazil's 4th largest food retailer, a feat achieved in 2020, according to the official ranking of the Brazilian Supermarket Association (ABRAS), in a statement released by the company on May 20.

The exceptional result posted by Mateus Group last year was crucial to achieve such a position, amid a competitive scenario and strong growth in the supermarket sector.

In 2020, the company posted a record gross revenue of R$14.4 (US$2.7) billion, representing an increase of 45% compared to 2019.

In the first quarter this year, Mateus . . .

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