3Brazil retail billionaire Abilio Diniz dies at 87FILE PHOTO: Abilio Diniz, the third largest Carrefour shareholder gestures during a meeting of the Council for Economic and Social Development (CDES) at the Planalto Palace in Brasilia
BRASILIA (Reuters) – Brazilian billionaireΒ Abilio Diniz, who built an empire in the supermarket retail sector, died on Sunday in Sao Paulo, according to his press office.
The 87-year-old had been hospitalized at the Albert Einstein Hospital and suffered respiratory failure due to pneumonitis, his press office said in a statement.
Diniz played a pivotal role in the history of Brazilian retail, serving most recently as vice-chairman of Carrefour Brasil and as a board member of the French group Carrefour.
In the late 1950s, he co-founded Pao de Acucar, which grew into the country’s largest supermarket chain. After a series of mergers and acquisitions, its control passed into the hands of France’s Casino in 2012.
Diniz remained with the company he founded until 2013, when he took over as chairman of Brazilian food processor BRF, where he served for five years.
In 2014, Diniz acquired a stake in Carrefour Brasil through his private investment company Peninsula.
Last year, Forbes estimated his net worth at $2.4 billion.
(Reporting by Marcela Ayres; Editing by Chris Reese)
Related Posts
h0911
·
October 8, 2024
·
“Prepare for a bone-chilling dive into the macabre with our Horror House Anthology ! Step into a world where terror reigns supreme and each story unveils a…
h0911
·
October 8, 2024
·
πππ‘ ππππππ π‘ π‘βπ ππππππππ ππ π βππβ-π π‘ππππ πππππ‘πππ¦ ππππππ‘πππ, “π΄π£πππβ” ππππ£ππ πππ‘π π‘βπ πππ‘ππππππππ ππ π πππ£πππ‘ πππ π πππ π‘βππ‘ π βππππ π‘βπ πππ‘π ππ π‘βπ πππ‘πππ. πβπ ππππ…
h0911
·
October 7, 2024
·
The film Malam Keramat tells the story of Dini (played by Frederika Cull), a property salesperson who is pregnant. In the midst of her pregnancy, she still…
h0911
·
October 7, 2024
·
Sumala is a horror film based on a scary true story that happened in Semarang Regency. This horror story first went viral and received public attention after…
h0911
·
October 7, 2024
·
Gaza: The Great Rescue is rumored to be an upcoming high-intensity action movie, potentially starring Salman Khan, Kiara Advani, Vicky Kaushal, and Sunil Grover. Set to release…
h0911
·
October 7, 2024
·
πβπ πππ‘ππππππ‘πππ πππ π΅βππππ¦π 2 ππ ππ’ππππππ, π€ππ‘β ππππ πππππππ¦ ππ€πππ‘πππ π‘βπ ππππππ π ππ π‘βπ π΅βππππ¦π 2 ππππππππ π‘ππππππ. π΄π π ππππ‘πππ’ππ‘πππ ππ π‘βπ π΅βππππ¦π π πππππ , π€βππβ…