date:Dec 18, 2013
ategy at GPA reflects the strategic influence of Chairman Jean-Charles Naouri, the chief executive of France's Casino, which took control of GPA last year. French rival Carrefour is studying an IPO in Brazil to pay for more ambitious investments.
GPA plans to successfully lower prices by running more efficient stores, cutting corporate overhead and wringing cost savings by working more closely with Casino.
Its three-year outlook came as economists in Brazil are forecasting weaker growth and hi