Atakarejo partners with investment fund Pátria to expand operations in Bahia and the Northeast, creating 20,000 new jobs.
Information on the Target
Atakarejo, a pioneering retail company based in Bahia, Brazil, has announced a partnership with investment fund Pátria. This collaboration aims to facilitate the group's expansion in Bahia and the Northeast region of Brazil, with plans to generate approximately 20,000 new direct jobs in the coming years.
Founded by Teobaldo Costa 40 years ago, Atakarejo started as a small fruit stand and has since grown to become the largest supermarket chain in Bahia, ranking 24th among the largest in Brazil. The company currently employs over 7,000 people directly and remains committed to its mission of providing the lowest prices to residents of Bahia while contributing to the reduction of the local cost of living and inequality.
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Industry Overview in Brazil
The retail sector in Brazil is a vital component of the country’s economy, representing a significant portion of the GDP and employing millions of people. In recent years, the industry has experienced substantial c
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