GPA
Coverage of GPA in the Nexus archive.
- GPA Extrajudicial Recovery Plan Clears Key Hurdle in Brazil
Brazilian retail giant GPA secured sufficient creditor support for its extrajudicial recovery plan, aiming to address R$4.5 billion in unsecured financial debt without disrupting store operations. The plan marks a significant step toward resolving the company's debt while maintaining business continuity.
- JBS Denies Slave-Labor Dirty-List Links as GPA Defends Debt Restructuring
JBS is accused of indirectly purchasing cattle from six farms on Brazil’s slave-labor dirty list between 2016 and 2023. The company denies the allegations, stating it does not buy from forced-labor-linked farms and has updated its monitoring systems. Labour prosecutors sued JBS and Cargill in April 2026 over the claims.
- Silvio Tini Becomes Top Shareholder of Brazil’s Pão de Açúcar Owner
Silvio Tini has become the largest shareholder of GPA, the owner of Brazil’s Pão de Açúcar supermarkets, with a stake just under 26%. His holding company surpassed the Coelho Diniz family’s ownership following a shareholder vote to remove a restrictive clause.
- Harvard holding back A grades has recruiters rejoicing about seeing the real differences between students
Harvard is limiting the number of A grades awarded, leading recruiters to appreciate the ability to distinguish between students. Recruiters argue that GPA has lost its value due to grade inflation.