GPA completed its acquisition of Cheftime.

GPA, a Brazilian supermarket chain, completed its acquisition of Cheftime, a Foodtech startup that offers an online subscription service and sells individual gastronomic kits. Financial terms were not disclosed. The acquisition of Cheftime further strengthens GPA’s position as a pioneer in Brazil’s food retailing industry, combining its commitment to offering its customers unique solutions with the expertise and agility of a foodtech company. “We are uniting GPA’s desire to accelerate its innovation projects with Cheftime’s aspiration to expand through investments and new customers, leveraged by GPA’s structure. The result is a relationship of mutual gains and true cooperation that will benefit, above all, our customers,” Peter Estermann, GPA CEO.