November 13, 2019 / 12:34 PM / 25 days ago

Brazil's GPA acquires control of meal-kits startup Cheftime

SAO PAULO, Nov 13 (Reuters) - Brazilian supermarket chain Grupo Pao de Acucar SA (GPA) said on Wednesday it has acquired control of meal-kits startup Cheftime for an undisclosed amount.

The local subsidiary of France’s Casino Guichard Perrachon SA announced in November 2018 a strategic partnership with Cheftime, in which GPA would have the right to acquire control of the startup within 18 months.

Cheftime, which calls itself a foodtech, has sold over 85,000 meals since November, GPA said in a securities filing, adding more than 150 of its stores already sell meal-kits provided by Cheftime. (Reporting by Gabriela Mello; Editing by Susan Fenton)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below