GPA formalizes partnership with Cheftime

The Pão de Açúcar group closed a partnership with startup Cheftime to the online service of subscription and single sale of gastronomic kits, which is paramount to the retail group to acquire the share capital of startup in the period of 18 months, said the GPA yesterday. In addition, since yesterday the retailer sells an exclusive line of gourmet kits-"Cheftime by sugar loaf" – in pilot character, in one of the Group's stores in São Paulo and site. "This partnership puts us in a different position, form a strong movement of the global food retail in offering a complete power solution," said Peter Estermann, Chief Executive of GPA/Reuters