LoadingWorld Markets / Brazil /
Last close 2.07999992 on 2026-10-30
Founded: 1948 (as a confectionery/bakery shop; first supermarket opened 1959)
Founders: Valentim dos Santos Diniz
Founded by Portuguese immigrant Valentim dos Santos Diniz, who named the shop 'Pão de Açúcar' after Rio's Sugarloaf Mountain, his first sight of Brazil on arrival. Grew into Brazil's largest food retailer under his son Abilio Diniz; now controlled by France's Casino Group as GPA (Grupo Pão de Açúcar).