PROFILE |
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The name of its prominent stores translates to "cold point," but Globex Utilidades aims to be Brazil's hot spot for retail sales of household appliances and home electronics. The merchandise in its stores includes cellular phones, computers and related products, home audio and video equipment, major appliances, small kitchen appliances, and furniture. Household appliances account for the majority of sales. One of the largest retailers in Brazil, Globex Utilidades has about 350 stores under the Ponto Frio and Disapel Electrodomestico names. Its operations also include Globex Administracao Servicos (which manages the group's real estate holdings) and Banco Investcred. Globex Utilidades was founded in 1946.
COMPETITION |
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Companhia Brasileira de Distribuicao (CBD)
Carrefour SA (CA)
Lojas Americanas S.A. (LOJAY)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 1,024.30
1-Yr. Sales Growth: (32.0)%
Employees: 5,817
Revenue per employee: $176,087.33
KEY PEOPLE |
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Simon M. Alouan
CEO
Eduardo S. Koehler
CFO
CONTACT INFO |
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Avenida Tenente Rebelo, 675
21241-460 Iraja Rio de Janeiro, Brazil
Phone: 55-21-472-8509
Fax: 55-21-372-7019
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