Cencosud Argentina

Cencosud Argentina is the Argentine subsidiary of Cencosud S.A., a major Chilean-based multi-format retail company and one of the largest retail groups in Latin America. Founded over 60 years ago, Cencosud operates a wide array of retail formats across several countries, including Argentina, Brazil, Chile, Colombia, and Peru, focusing on supermarkets, home improvement stores, department stores, shopping centers, and financial services. 

In Argentina, Cencosud is a well-established player, with more than 40 years of presence in the market. The company operates numerous supermarket chains and recently expanded by acquiring Makro and Basualdo, marking its entry into the wholesale Cash & Carry segment in Argentina. These companies add 28 stores mostly owned in 12 cities and 10 provinces, including Buenos Aires, Santa Fe, and Córdoba. This acquisition complements Cencosud's existing retail operations in the country and allows it to leverage synergies and strengthen its local market presence.

Cencosud Argentina's retail portfolio in the country includes supermarkets (such as Jumbo and Vea), warehouse formats like Makro, and Cash & Carry operations, as well as related distribution centers and warehouses. Their supermarket count alone in Latin America exceeds 1000 stores, with Argentina a significant market within this footprint. The company employs between 1,000 and 4,999 people in Argentina. The number of physical selling points, including supermarkets, Cash & Carry, and warehouses, ranges from 250 to 499.

Financially, Cencosud S.A. as a whole reported revenues of approximately $15 billion USD in 2025, with the Argentine subsidiary contributing a significant portion given its market size and recent acquisitions. For Argentina, the turnover is estimated to be in the range of 10 to 50 million euros based on available data and market presence.

The company emphasizes innovation and digital transformation initiatives, launching services like CencoPay—a digital wallet app—and establishing technological hubs to foster retail technologies and omni-channel strategies.

In summary, Cencosud Argentina is a key subsidiary in the Latin American retail landscape with a diversified retail format portfolio centered on supermarkets, cash and carry wholesale, and warehouse operations. It is strategically positioned for growth post acquisition of major wholesale chains, contributing to its scale and operational depth in the Argentine food, beverage, and beauty retail sectors.