07/13/2016 14h46

St Marche, Catterton pick São Paulo again for new Eataly location

Valor International

Negotiations between the partners of grocery chain St Marche and US investment fund Catterton are drawing to a close and the Brazilian partners will likely see their stake cut by half, to 40% or 50% of the company, people close to the situation say. Most of the new funds from Catterton will go toward opening a second Eataly market in São Paulo. But a planned location in Rio de Janeiro will have to wait, sources add. Sales at the 20-store St Marche chain are expected to reach R$720 million this year.