![]() | |
Company type | Public |
---|---|
Nasdaq: CNV | |
Industry | e-commerce |
Founded | 2014 |
Headquarters | |
Key people | Jean-Charles Naouri, CEO and Chairman |
Revenue | 3.42 billion euros (2015) [1] |
Owner | Groupe Casino (98.96%) |
Number of employees | 5,500 (2015) |
Website | cnovagroup |
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]
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]
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]
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]
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, 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]
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally.
The Ivory Coast national football team represents Ivory Coast in men's international football. Nicknamed the Elephants, the team is managed by the Ivorian Football Federation (FIF). The team has won the Africa Cup of Nations three times, in 1992, 2015 and 2023, and has qualified for the FIFA World Cup three times, in 2006, 2010, and 2014.
MercadoLibre, Inc. is an American Argentine company headquartered in Montevideo, Uruguay and incorporated 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. The company has operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela. In 2023 Time included Mercado Libre in the list of the 100 most influential companies in the world.
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.
Companhia Brasileira de Distribuição, doing business as 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 owned by the French conglomerate retail group Casino. Its headquarters are in São Paulo city.
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.
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".
B2W is an online retail company in Latin America, as a result of the merger between Americanas.com and Submarino.com. Lojas Americanas are the controlling shareholder, with about 60% of the new company, while 40% is a free float.
Atacadão is a Brazilian chain of warehouse stores. It was established by Alcides Parizotto and then became property of the Lima family and the executives Farid Curi and Herberto Uli Schmeil. In 2007, it was bought by Carrefour for R$2,2 billion Reais. In 2010, the company has 102 stores and 7 distribution centers in 26 Brazilian states. The company competes with Assaí Atacadista, now owned by GPA, Roldão and Makro. Atacadão also runs hypermarkets in 2012 to Colombia, Argentina and Morocco and France, where it is present along with its parent company Carrefour.
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.
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.
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.
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.
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.
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.
Romuald Wadagni is Benin's Minister of Economy, Finance and Denationalization Programs. He replaces Komi Koutché in this position. After 17 years of ascension within the French, American and African firms of the consulting firm Deloitte, he was appointed on 7 April 2016, Minister of Economy and Finance in the first Talon government, a position to which he was reappointed in 2021.