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Cnova N.V. is an
e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
company, founded in June 2014. Cnova includes
Cdiscount Cdiscount is the third largest (behind amazon.fr and veepee.fr) French e-commerce website with products such as electronics, household appliances and food. In 2013, Cdiscount was the most important French e-commerce website in terms of turnover ...
(operating in France, Belgium, Ivory Coast, Senegal and Colombia) and Cnova Brazil (operating in Brazil). Cnova N.V. is part of
Groupe Casino Casino Group or Casino Guichard-Perrachon is a French mass-market retail group. It was founded on 2 August 1898 by Geoffroy Guichard under the corporate name Guichard-Perrachon & Co. Casino Group is the source of many innovations such as the ...
, a French global retail company of which Mr.
Jean-Charles Naouri Jean-Charles Naouri (born 8 March 1949 in Bône, Algeria) is a French businessman. He is Chairman, Chief Executive Officer and controlling shareholder of Groupe Casino. Education Naouri received his baccalaureat degree at only 15 years old ...
is currently the chairman and CEO. Since November 2015, Peter Paul Estermann is the chairman of the board of Cnova N.V. In 2015, the total sales of Cnova N.V. reached 4.835 billion euros and its total revenue reached 3.42 billion euros. At the end of 2014, Cnova counted 13.6 million active customers in the world.


History

The first operations began in 1998 with the founding of the e-commerce website Cdiscount, a single website focused on offering CDs and DVDs. Cdiscount then expanded its business to encompass product categories such as consumer electronics, computers, home appliances and wine. In 2008, the companies Pontofrio.com and were launched in Brazil, providing e-commerce services to third-party retailers. The Brazilian expansion continued in 2010 by adding the Extra.com.br and CasasBahia.com.br websites to the portfolio, and the creation of business unit focused on business-to-business wholesale called Pontofrio Atacado. In 2011, Cdiscount implemented its first marketplace and launched ComptoirSante.com, an e-commerce website dedicated to beauty products. During the year 2012, two new websites were launched in Brazil. An online marketplace was also created on the Extra.com.br website in Brazil. 2014, Cnova, a global e-commerce company with a total gross merchandise volume of $4.9 billion, was created through a
joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
between
Casino A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertai ...
, GPA, Via Varejo and Exito. Cnova will be directly owned 46.5% by Casino (including its subsidiary Exito) and 53.5% indirectly by GPA, Via Varejo and certain founding shareholders of Nova Pontocom. 2014 saw the merger of both French and Brazilian e-commerce activities under the Cnova umbrella, as well as the Cdiscount expansion in Colombia, Ivory Coast, Belgium and Senegal.


Presentation

The current geographies represent over 500 million people with Cnova sites in France, Brazil, Colombia, Ivory Coast, Belgium and Senegal, and operations in Brazil under the sites Extra.com.br, Pontofrio.com and Casasbahia.com.br. It operates B2B solutions, such as the eCommerce solution , and niche sites both in France and Brazil, with Comptoirsante.com, Moncornerdeco.com, or Barateiro.com. Cnova has established itself as an eCommerce market leader in France and Brazil. Through the direct sales websites and its marketplaces, Cnova offers an extensive product assortment (including home appliances, consumer electronics, computers, home furnishings, leisure and personal goods) and differentiated delivery and payment options.


Subsidiaries


Cdiscount

Cdiscount is a French company created in 1999. It has been part of Casino Group since 2000. As the first e-commerce website in France, Cdiscount offers a wide range of products including, among others, cultural goods, high-tech, IT, household appliances, personal appliances and food. Cdiscount also operates in Brazil, Belgium, Ivory Coast, Senegal and Colombia. In 2015, Cdiscount employed 1,400 people and had a turnover of 1.764 billion euros.


Cnova Brazil

Cnova Brazil, now integrated into
Via Varejo Via, formerly Via Varejo, is a Brazilian retail company founded in 2010 through the merger of retail companies Casas Bahia, owned by the Klein family, and Ponto, owned by Grupo Pão de Açúcar. Since June 2019, the Klein family own a controllin ...
businesses, was specialized in e-commerce activities throughout the country. Its creation follows the merger of the online activities of Casas Bahia, Ponto Frio and Extra, a hypermarket chain belonging to the Brazilian group Pão de Açúcar, the leading national retailer in Brazil. Cnova Brazil structured its e-commerce services through three main B2C websites – extra.com.br, casasbahia.com.br and pontofrio.com – as well as B2B services through Pontofrio Atacado and its platform. Cnova Brazil was a major e-commerce player in Brazil with a turnover of 1.655 billion euros in 2015.


Management


Executive committee

* Emmanuel Grenier:
CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
and Executive Director of Cnova * Stéphane Brunel:
Chief Financial Officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
of Cnova and Cdiscount


References


External links


Official Website

Cdiscount website

Nova Pontocom Website
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