Grupo Carrefour Brasil

What Grupo Carrefour Brasil does

Grupo Carrefour Brasil S.A. is the largest food retailer in Brazil, operating a multi-format ecosystem that spans hypermarkets (Carrefour Hiper, 112 stores), supermarkets (Carrefour Bairro/Market, 80 stores), cash-and-carry wholesale (Atacadão, 412 self-service stores plus 33 delivery wholesale points — market leader at ~30% share per Nielsen 2023), membership warehouse clubs (Sam's Club, 58 clubs, 3M+ members), and convenience stores (Carrefour Express, 143 franchised locations in greater São Paulo). The company serves both B2C consumers across all income tiers and B2B wholesale buyers via Atacadão's bulk format, with national coverage across all 27 Brazilian states.

The platform is built on owned real estate (Carrefour Property: 430+ properties, 18M+ m², three shopping malls, 250+ galleries with 3,200+ tenants), a digital layer (carrefour.com.br marketplace with ~5,000 partners and ~29 million SKUs; atacadao.com.br for B2B), and an integrated financial services arm — Banco Carrefour, 51% owned with Itaú Unibanco as minority partner — that issues co-branded credit cards across the Carrefour (since 1989), Atacadão (since 2017), and Sam's Club (since 2022) banners, plus consumer credit and insurance.

Grupo Carrefour Brasil makes money primarily through food and non-food retail transaction revenue across formats, recurring subscription revenue from Sam's Club memberships and Banco Carrefour, and rental income from the Carrefour Property portfolio. Complementary services include 99 drugstores and 103 gas stations inside store galleries and parking areas. The company is controlled by France's Carrefour Group (67.4% pre-delisting) and was taken private again on 22 December 2025 after an earlier B3 IPO in 2017. Founded in 1975 as Brazil's pioneer hypermarket operator, the group has consolidated the sector through major M&A including Atacadão (2007), Makro's 30 stores (2020), and Grupo BIG (2022).

Name

Grupo Carrefour Brasil

Legal name

Grupo Carrefour Brasil S.A.

Website

https://ri.grupocarrefourbrasil.com.br

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Grupo Carrefour Brasil is Brazil's largest multi-format food retailer, operating Atacadão cash-and-carry, Carrefour hypermarkets and supermarkets, Sam's Club membership warehouses, and convenience stores, serving B2C consumers and B2B wholesale buyers across all 27 Brazilian states with integrated financial services.

Ownership category

akta.pro rank

Product category

Food Retail and Hypermarket Operations

NAICS

Grocery and Convenience Retailers (4451), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (445110), Convenience Retailers and Vending Machine Operators (44513), Consumer Lending (522291)

SIC

Wholesale-Groceries, General Line (5141), Retail-Grocery Stores (5411), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Retailer & Small-Store Supply (C-Store, Mini-Mart, Independent Retail) (CRAEAEAD)

akta.pro secondary industries

Foodservice & Hospitality Supply Clubs (Restaurants, Catering, Hotels) (CRAEAEAC), Membership Wholesale Clubs (B2B & B2B2C) (CRAEAEAB)

Keywords

• Food retail
• Cash-and-carry wholesale
• Warehouse club membership
• Hypermarket retail
• Consumer credit services

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Food Retail Sales: Revenue from hypermarkets, supermarkets, and convenience stores selling food and non-food products to B2C consumers. Atacadão cash-and-carry serves both B2B and B2C customers seeking bulk purchases at competitive prices.
2. Financial Services: Consumer credit and insurance products through co-branded credit cards (Carrefour since 1989, Atacadão since 2017, Sam's Club since 2022). Banco Carrefour (51% owned) generates revenue from card fees, interest income, and credit services.
3. Real Estate (Carrefour Property): Management and leasing of commercial properties including shopping centers, galleries with over 3,200 tenants, and three shopping malls. Revenue from rent and property management services.
4. Membership Fees (Sam's Club): Sam's Club operates on a membership model with over 3 million registered members, generating annual subscription revenue from membership fees.

Go-to-market motion3 records

Distribution channels8 records

Marketing channels4 records

Core offering

Grupo Carrefour Brasil operates a multi-format food retail ecosystem across Brazil through banners including Carrefour hypermarkets, supermarkets, convenience stores, Atacadão cash-and-carry wholesale, and Sam's Club membership warehouses, supported by e-commerce platforms and an online marketplace with 5,000+ partners. The company also delivers integrated consumer financial services through Banco Carrefour (co-branded credit cards, consumer credit, insurance) and manages a real estate portfolio via Carrefour Property (430+ owned properties, shopping centers, and galleries). Complementary services include drugstores and gas stations located within store premises, serving both B2C consumers and B2B wholesale customers across all Brazilian states.

Product overview

Grupo Carrefour Brasil is the largest retail group in Brazil, operating a multi-format ecosystem of physical stores and digital platforms. The portfolio consists of: Atacadão (cash-and-carry with 412 self-service stores and 33 delivery establishments, e-commerce at atacadao.com.br); Sam's Club (58 premium membership warehouse clubs with 3M+ members, e-commerce at samsclub.com.br); Carrefour Hyper (112 hypermarkets, Brazil's pioneer in the format since 1975); Carrefour Bairro/Market (80 supermarkets); and Carrefour Express (143 convenience stores). The ecosystem is complemented by Banco Carrefour (51%-owned financial services with co-branded credit cards), Carrefour Property (430+ properties, 3 shopping centers), 99 drugstores, and 103 gas stations. Digital operations include marketplace with ~5,000 partners offering 29M items on carrefour.com.br.

Differentiator

Problem solved

Functional benefit

Brands

• Banco Carrefour: Financial services division offering credit cards and consumer finance solutions
• Carrefour Property

Products and services

• Atacadão (Cash-and-Carry Wholesale) Cash-and-carry wholesale retail format serving B2B and B2C customers with 412 self-service stores and 33 delivery wholesale establishments in Brazil, operating e-commerce at atacadao.com.br. Market leader with approximately 30% market share in Brazilian cash-and-carry sector (Nielsen, 2023).
• Sam's Club (Membership Warehouse) Premium membership-based warehouse club with 58 locations and over 3 million registered members, offering approximately 20,000 SKUs with strong focus on private label products and imported assortment. Operates e-commerce at samsclub.com.br.
• Carrefour Hiper (Hypermarkets) Hypermarket format pioneered in Brazil in 1975 with 112 hypermarkets averaging 6,300 m² and 40,000+ SKUs. Supports non-food e-commerce launched 2016, marketplace (3P) launched 2017, and food e-commerce launched 2018.
• Carrefour Bairro and Carrefour Market (Supermarkets) Supermarket format operating under Bairro, Nacional, and Super Bompreço banners with 80 stores in southeast, south, midwest, and northeast Brazil, offering modern shopping experience with variety of fresh products.
• Carrefour Express (Convenience Stores) Convenience store format with 143 stores (as of March 2024) in high-traffic commercial and residential areas of greater São Paulo, averaging 180 m² sales area with approximately 4,100 SKUs of essential products. Franchise model launched in 2023.
• Banco Carrefour (Consumer Financial Services) Financial services arm 51% owned by Grupo Carrefour Brasil with Itaú Unibanco as minority partner, offering co-branded credit cards (Carrefour since 1989, Atacadão since 2017, Sam's Club since 2022), consumer credit solutions, and product insurance.
• Carrefour Property (Real Estate Management) Real estate management and development unit managing a portfolio of 430+ owned properties totaling over 18 million m², administering shopping centers with 3,200+ tenants across 250+ galleries (377,000 m² GLA), and three shopping centers (Butantã, Jardim Pamplona, Paseo Alto das Nações in São Paulo).
• Drogarias (Drugstores) 99 drugstores typically located in galleries of hypermarkets, supermarkets, and self-service wholesale stores, complementing the retail ecosystem with pharmaceutical and convenience products.
• Postos de Combustíveis (Gas Stations) 103 gas stations located primarily in parking areas of Carrefour hypermarkets and Atacadão self-service wholesale stores, providing fuel retail as a complementary service.

Quantifiable outcome

• 35% reduction in emissions (scopes 1 and 2) achieved by 2023 against long-term targets
• +2 more outcomes

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators12 records

Recent moves14 records

Expansion highlights5 records

Broad incumbents

• Walmart Inc. Walmart exited Brazil (assets became Grupo BIG, now owned by Carrefour) and operates global hypermarket/supercenter formats similar to Carrefour Hiper and Atacadão. Comparable as the global reference for hypermarket and cash-and-carry economics at scale.
• Ahold Delhaize: Ahold Delhaize operates multi-format grocery and e-commerce (including Albert Heijn, Stop & Shop, bol.com) and is a global benchmark for integrated food retail with financial services and digital ecosystems. Compares to Grupo Carrefour Brasil at the corporate-strategy level rather than directly in Brazil.

Direct peers

• Costco Wholesale: Costco is the global benchmark for membership warehouse clubs, directly comparable to Sam's Club Brazil in business model, SKU rationalization, private-label strategy, and membership economics. Same format, same member-driven value proposition.
• Assaí Atacadista: Assaí is the second-largest cash-and-carry operator in Brazil, directly competing with Atacadão across B2B and B2B2C wholesale customers in the same format, geography, and price-driven segment. Same-store footprint and customer base make it the closest comparable to Grupo Carrefour Brasil's largest banner.
• Tenda Atacado: Tenda is a Brazilian cash-and-carry wholesaler operating the same self-service wholesale club format as Atacadão, serving small retailers and B2B buyers. Sister company to Assaí under GPA, it competes head-to-head with Atacadão in the B2B cash-and-carry segment.
• Grupo Pão de Açúcar (GPA): GPA operates Pão de Açúcar supermarkets, Extra hypermarkets, and the Assaí/Tenda wholesale banners, making it a direct multi-format competitor across hypermarkets, supermarkets, and cash-and-carry. Competes with Grupo Carrefour Brasil across essentially every Brazilian retail format.
• Makro (now Carrefour Brasil): Former Brazilian cash-and-carry competitor; 30 Makro stores were acquired by Atacadão in 2020 and converted to the Atacadão banner. Included as a comparable because it operated the same format and customer base pre-acquisition.

Regional players

• Sonda Supermercados: Sonda is a regional supermarket operator in São Paulo state and parts of the Southeast, directly competing with Carrefour Bairro and Atacadão stores in overlapping catchments. Same supermarket/wholesale customer base at regional scale.
• Mateus Supermercados: Mateus is a large regional supermarket chain concentrated in the Northeast and parts of the North of Brazil. Comparable to Carrefour Bairro/Market and Atacadão in regional markets where Grupo Carrefour Brasil is also expanding.

Others

• Mercado Libre: Mercado Libre is the dominant Latin American e-commerce and fintech platform, with a marketplace model and embedded payments/credit similar in spirit to carrefour.com.br's marketplace and Banco Carrefour. Comparable as a regional e-commerce and embedded-finance reference, not a direct grocery competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Carrefour Brasil