Industry: Hard Discount Retailing
Reve Group is a leading player in the hard discount retail segment in Colombia. The group’s two main companies are Justo & Bueno, the second largest hard discount grocery retailer in Colombia (with ~320 stores by July 2017), and Tostao’, a hard discount coffee store chain in Colombia (with ~160 stores by July 2017). The group is also vertically integrated with some suppliers in order to secure product supply for retail stores. The business model is based on offering very low prices by having (i) high inventory turnover (ii) low number of SKUs and (iii) a cost-efficient structure.
Investment Date: September, 2017
Countries of Operation: Colombia and Panama