Captain Enéas

In an exclusive interview with LBC, Pão de Açúcar Group CEO EneasPestana said prospects in Brazil are bright. “We are going through a period of excessive pessimism in Brazil,” he told LBC, but says it’s unwarranted given the incredible growth in the country’s consumer market.  He points to the company’s plans to invest $800 million this year as proof of this optimism. Pestana also talks about changes in management he’s undertaken after a long battle among shareholders for control of the company left it under the control of France’s Groupe Casino, and what he’s done to maintain stability.