Cnova

Last updated

Cnova N.V.
Company type Public
Nasdaq:  CNV
Industrye-commerce
Founded2014
Headquarters
Amsterdam, São Paulo
,
Netherlands, Brazil
Key people
 Jean-Charles Naouri, CEO and Chairman
Revenue3.42 billion euros (2015) [1]
Owner Groupe Casino (98.96%)
Number of employees
5,500 (2015)
Website cnovagroup.com/en/

Cnova N.V. is an e-commerce company, founded in June 2014. Cnova includes Cdiscount (operating in France, Belgium, Ivory Coast, Senegal and Colombia) and Cnova Brazil (operating in Brazil). Cnova N.V. is part of Groupe Casino, a French global retail company of which Mr. Jean-Charles Naouri is currently the chairman and CEO. Since November 2015, Peter Paul Estermann is the chairman of the board of Cnova N.V. [2]

Contents

In 2015, the total sales of Cnova N.V. reached 4.835 billion euros and its total revenue reached 3.42 billion euros. [1] At the end of 2014, Cnova counted 13.6 million active customers in the world. [3]

History

The first operations began in 1998 with the founding of the e-commerce website Cdiscount, a single website focused on offering CDs and DVDs. [4]

Cdiscount then expanded its business to encompass product categories such as consumer electronics, computers, home appliances and wine.

In 2008, the companies Pontofrio.com and eHub were launched in Brazil, providing e-commerce services to third-party retailers. [5]

The Brazilian expansion continued in 2010 by adding the Extra.com.br and CasasBahia.com.br websites to the portfolio, and the creation of business unit focused on business-to-business wholesale called Pontofrio Atacado. In 2011, Cdiscount implemented its first marketplace and launched ComptoirSante.com, an e-commerce website dedicated to beauty products. [6]

During the year 2012, two new websites were launched in Brazil. An online marketplace was also created on the Extra.com.br website in Brazil.

2014, Cnova, a global e-commerce company with a total gross merchandise volume of $4.9 billion, was created through a joint venture between Casino, GPA, Via Varejo and Exito. Cnova will be directly owned 46.5% by Casino (including its subsidiary Exito) and 53.5% indirectly by GPA, Via Varejo and certain founding shareholders of Nova Pontocom. [7] [8]

2014 saw the merger of both French and Brazilian e-commerce activities under the Cnova umbrella, as well as the Cdiscount expansion in Colombia, Ivory Coast, Belgium and Senegal. [9]

In November 2023, Brazil's GPA sold a 34% stake of Cnova to Casino Group for €10 million. [10]

Presentation

The current geographies represent over 500 million people with Cnova sites in France, Brazil, Colombia, Ivory Coast, Belgium and Senegal, and operations in Brazil under the sites Extra.com.br, Pontofrio.com and Casasbahia.com.br. [11] It operates B2B solutions, such as the eCommerce solution eHub, and niche sites both in France and Brazil, with Comptoirsante.com, Moncornerdeco.com, or Barateiro.com.

Cnova has established itself as an eCommerce market leader in France and Brazil. Through the direct sales websites and its marketplaces, Cnova offers home appliances, consumer electronics, computers, home furnishings, leisure and personal goods and differentiated delivery and payment options. [12] [13] [14]

Subsidiaries

Cdiscount

Cdiscount is a French company created in 1999. It has been part of Casino Group since 2000. As the first e-commerce website in France, Cdiscount offers a wide range of products including, among others, cultural goods, high-tech, IT, household appliances, personal appliances and food. [15]

Cdiscount also operates in Brazil, Belgium, Ivory Coast, Senegal and Colombia.

In 2015, Cdiscount employed 1,400 people and had a turnover of 1.764 billion euros. [16]

Cnova Brazil

Cnova Brazil, now integrated into Via Varejo businesses, [17] was specialized in e-commerce activities throughout the country. Its creation follows the merger of the online activities of Casas Bahia, Ponto Frio and Extra, a hypermarket chain belonging to the Brazilian group Pão de Açúcar, the leading national retailer in Brazil. Cnova Brazil structured its e-commerce services through three main B2C websites – extra.com.br, casasbahia.com.br and pontofrio.com – as well as B2B services through Pontofrio Atacado and its eHub platform. [18]

Cnova Brazil was a major e-commerce player in Brazil with a turnover of 1.655 billion euros in 2015. [19]

Management

Executive committee

Related Research Articles

<span class="mw-page-title-main">Mercado Libre</span> Argentine e-commerce company

MercadoLibre, Inc. is an Argentine company headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.

<span class="mw-page-title-main">Auchan</span> French multinational retail company

Auchan is a French multinational retail group headquartered in Croix, France. It was founded in 1961 by Gérard Mulliez and is owned by the Mulliez family, who has 95% stake in the company. With 354,851 employees, of which 261,000 have 5% stake in the company, it is the 35th largest employer in the world.

<span class="mw-page-title-main">Groupe Casino</span> French retail company

Casino Group or Casino Guichard-Perrachon is a French mass-market retail group. It was founded on 2 August 1898 by Geoffroy Guichard under the corporate name Guichard-Perrachon & Co.

<span class="mw-page-title-main">GPA (company)</span> Brazilian retail company

Companhia Brasileira de Distribuição, or GPA, is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores. Its headquarters are in São Paulo city, and it is owned by Free Float.

<span class="mw-page-title-main">Brazilian Development Bank</span> Banking company that provides risk capital for economic development projects

The National Bank for Economic and Social Development is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world. Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.

Abilio dos Santos Diniz was a Brazilian businessman. He was the chairman of the board of directors of Península Participações, chairman of the board of directors of BRF and member of the board of directors of both Carrefour Group and Carrefour Brasil. Through GPA, Diniz became one of the wealthiest individuals in Brazil. In 2016, Forbes ranked him 477th richest person in the world and 14th in Brazil.

Casas Bahia is a Brazilian retail chain specializing in furniture and home appliances. Currently, it is one of the largest retail chain in Brazil, the other being Magazine Luiza and Americanas. It was founded in 1952 in São Caetano do Sul, São Paulo, by Polish immigrant Samuel Klein, who began his career as a peddler selling products to migrant workers from the Brazilian Northeast. Since June 2019, the Klein family own a controlling stake in Via Varejo, which owns the store.

<span class="mw-page-title-main">Samuel Klein (businessman)</span> Polish-Brazilian business magnate and philanthropist

Samuel Klein was a Polish-Brazilian business magnate and philanthropist who founded the Casas Bahia chain of department stores in Brazil, building them into the top retailer in the country. This along with his tendency to use massive warehouses for his goods, including the largest single warehouse in South America, led him to be known in the 1990s as the "Sam Walton of Brazil".

<span class="mw-page-title-main">Grupo Éxito</span> South American retail company

Grupo Éxito is a South American retail company. It operates 2,606 stores in South America. The stores sell a wide range of food and non food products. Though originally a textiles maker and seller recent acquisitions have further diversified the business making it a major grocer. At its hypermarkets it sells both packaged foods and perishables in addition to department store type products ranging from electronics to furniture.

PagSeguro is a financial services and digital payments company based in São Paulo, Brazil and incorporated in the Grand Cayman, Cayman Islands. Founded in 2006, the company primarily offers payment processing software for e-commerce websites and mobile applications, and point of sale terminals. It has been traded as a public company on the New York Stock Exchange since January 2018 with the ticker symbol PAGS.

<span class="mw-page-title-main">Mercialys</span>

Mercialys is a French company that operates in real estate, owning and managing properties. It was created by the retailer company Casino Group in 2005.

Michael Klein is a Brazilian business executive. He is the CEO of the Brazilian chain of department stores, Casas Bahia, and former chairman of Via Varejo, the parent company of Casas Bahia, Cnova Brazil and Ponto Frio. Michael's father, Samuel Klein, founded Casas Bahia in 1952. Since June 2019, the Klein family own a controlling stake in Via Varejo.

<span class="mw-page-title-main">Via (retailer)</span> Brazilian retail company founded in 2010

Via, formerly Via Varejo, is a Brazilian retail company founded in 2010 through the merger of retail companies Casas Bahia, owned by the Klein family, and Ponto, owned by Grupo Pão de Açúcar. Since June 2019, the Klein family owns a controlling stake in Via Varejo.

Gabriel Naouri is a French CEO and entrepreneur. He is the founder and CEO of Majorelle Investments. He was previously deputy head of international operations of Groupe Casino and the co-founder and Chairman of Yandex.Market, one of the leading e-commerce players in Russia.

<span class="mw-page-title-main">Jean-Charles Naouri</span> French businessman (born 1949)

Jean-Charles Naouri is a French businessman. He is chairman, chief executive officer and controlling shareholder of Groupe Casino.

Cdiscount is a French e-commerce platform, ranking as the third largest in the country after Amazon.fr and Veepee.fr. The platform offers a wide range of products, including electronics, household appliances, and food.

<span class="mw-page-title-main">Linx S.A.</span> Brazilian technology company

Linx S.A. is a Brazilian management software company and the largest software house in retail management systems in Latin America. According to the American technology consulting firm IDC, Linx retains 40.2% of the retail management software in Brazil. In 2007, Linx was listed for the 3rd time in the Valor 1000 annual report, which lists the 1000 biggest Brazilian companies. In August 2020, payment processor StoneCo merged with Linx's operations in a deal worth $1.1 billion.

<span class="mw-page-title-main">Régis Schultz</span> French businessman (born 1968)

Régis Schultz is a French businessman, currently the CEO of JD Sports. During his career, Régis Schultz held the positions of President of Retail at Al-Futtaim Group, CEO of French retail chain Monoprix and member of the executive committee of Groupe Casino, CEO of Darty, CEO of French retailer BUT and top executive of Kingfisher PLC.

<span class="mw-page-title-main">Joom</span> Latvian e-commerce marketplace

Joom is a Latvian group of e-commerce and fintech companies founded in June 2016. It also has offices in China, Hong Kong, Brazil, the USA and Germany. At the end of 2022, Joom moved headquarters from Riga to Lisbon, Portugal. Joom currently consists of three businesses.

References

  1. 1 2 Cnova : le chiffre d'affaires de Cdiscount en légère progression, LSA Conso, 3 March 2016
  2. ↑ Cnova Board Changes Archived 4 March 2016 at the Wayback Machine Reuters, 20 November 2015
  3. ↑ Cnova investors presentation Archived 18 February 2015 at the Wayback Machine , cnova.com, february 2015
  4. ↑ Cdiscount at the heart of B to B e-commerce, Deliver 2 France, 16 January 2013
  5. ↑ Company Overview of Pontofrio.com, Investing Businessweek, 13 October 2014
  6. ↑ Cdiscount lancera en juin une e-boutique de lentilles de contact, Journal du Net, 16 May 2011
  7. ↑ "Casino Guichard Perrachon sets up with Via Varejo global ecommerce joint venture Cnova". Reuters . 4 June 2014. Retrieved 22 June 2014.
  8. ↑ "Casino Group: Creation of a major global ecommerce - Cnova" Archived 4 March 2016 at the Wayback Machine . GlobeNewswire . 4 June 2014. Retrieved 22 June 2014.
  9. ↑ Casino Group: Creation of a major global ecommerce – Cnova, Euroinvestor, 4 June 2014
  10. ↑ "Brazil's GPA sells Cnova stake to Casino". Reuters (in Japanese). 27 November 2023. Retrieved 27 November 2023.
  11. ↑ Casino Files to Float e-Commerce Unit Cnova in New York, Wall Street Journal – Online, 5 June 2014
  12. ↑ Alibaba IPO timing bodes well for Casino's Cnova listing, CNBC, 16 September 2014
  13. ↑ Casino lance « Cnova », sa société mondiale de e-commerce, Les Echos, 5 June 2014
  14. ↑ Company Overview of Cnova N.V., Blommberg Businessweek, 13 October 2014
  15. ↑ Cdiscount, premier e-commerçant de France, Journal du Net, 11 June 2013
  16. ↑ Cdiscount - Groupe Casino, Groupe-Casino.com
  17. ↑ GPA anuncia integração de negócios da Cnova Brasil à Via Varejo, G1, 31 October 2016
  18. ↑ Cnova Brazil, a major e-Commerce player in Brazil, Groupe Casino
  19. ↑ Cnova NV : N.V. : - Activité de l'exercice 2015, Zone Bourse, 12 January 2016
  20. ↑ "CNV Profile". Yahoo Finance.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.