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Overview
- The company’s board-approved plan cuts planned investment sharply from the R$693 million spent in the 12 months ended September.
- GPA projects at least R$415 million in operating-expense reductions in 2026, focused on store-support operations and the administrative structure.
- O Globo reports GPA is preparing year-end sales of financial assets expected to raise more than R$1.1 billion, a plan that has not been presented as completed transactions.
- Executives said about 700 employees were laid off in the third quarter as part of streamlining measures, with further cuts slated for 2026.
- The restructuring seeks to repair performance after losses accumulated under former controller Groupe Casino.