Grupo Éxito eyes international expansion for 2026

Grupo Éxito's CEO, Carlos Calleja, did not rule out international expansion this year during the group's earnings presentation. He confirmed that in 2026 they will launch a more aggressive strategy for growth in store square footage. He highlighted Colombia as the economic engine and Uruguay as the most stable market.

During the earnings call on Thursday, January 26, Carlos Calleja, CEO of Grupo Éxito, shared details on the group's plans for 2026, building on strong 2025 results. Calleja stressed that Colombia drives the conglomerate's economic growth, while Uruguay stands as its most stable market. This stability prompted a US$2.6 million investment in a new store in Uruguay, opened on December 17.

Fernando Carbajal, the group's CFO, reported a 5.5% sales increase in Uruguay, with recurrent EBITDA rising 14.9%. Total sales there grew 1.9% from 2024, reaching $4.1 billones.

Amid operations in Colombia, Uruguay, and Argentina, Calleja did not dismiss international expansion this year. For 2026, they aim for a more aggressive pursuit of opportunities in store square footage. "Yes, we have some ideas, we have, I'd say, maybe a little list of things that might interest us. I'm not going to share it now, but we are looking outward," the executive remarked.

The group will also prioritize its real estate business. In Colombia, they plan a US$120 million investment in the Viva Suba shopping center in northeast Bogotá. In Uruguay, they are evaluating real estate projects to leverage their strengths. Calleja and Carbajal voiced satisfaction with 2025 sales, noting the Black Friday campaign from November 14 to December 2, which generated $27,000 million—the most successful in the group's history.

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Realistic illustration of Colombia's 2025 GDP growth at 2.6%, featuring cultural events, consumption, and a growth chart below expectations amid declining investment.
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Colombia's gdp growth in 2025 reached 2.6%

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The National Administrative Department of Statistics (Dane) reported that Colombia's economy grew 2.6% in 2025, below expectations of 2.8%. In the fourth quarter, GDP expanded 2.3%, driven by household consumption, the public sector, and cultural activities like concerts. Investment fell 2.9%, the lowest level in two decades.

Grupo Éxito has opened a new Carulla supermarket in the Castilla neighborhood of Kennedy, southern Bogotá. The inauguration was attended by executive president Carlos Calleja, Mayor Carlos Fernando Galán, and general manager Carlos Mario Giraldo. The store involved an investment of over 4.7 billion pesos and aims to serve 1.2 million local residents.

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Grupo Éxito's General Shareholders' Assembly approved the new board of directors for 2026-2028, following a candidate selection process in February. The meeting also approved 2025 financial results and a utilities distribution including $160 per share dividends.

Since 2003, La República's Empresario del Año award has honored 27 business leaders in Colombia for their organizational, labor, and social contributions. David Vélez Osorno, CEO of Nu Holdings LTD, received the 2025 award for revolutionizing digital finance. The recognition highlights innovations that shape the economy and society.

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Colombian firm Action Black, under CEO Wilder Zapata, expects major workforce growth in 2026. Operating in six countries, the company aims to create jobs by training local talent and promoting women in key roles. This expansion features new offices, each adding about 10 positions.

Mid-March sees Cali and Valle del Cauca companies earning awards for sustainability, innovation, and management. Colombina leads in global sustainability, Banco de Occidente wins in fintech. Firms like Vennex Group and Fundación Valle del Lili also receive honors.

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David Vélez Osorno, CEO of Nu Holdings LTD and founder of Nubank, has been named Entrepreneur of the Year 2025 by La República, for revolutionizing digital banking in Latin America and recent expansion into the United States. The award highlights Nubank's 2025 milestones, including key partnerships and new financial products. Other fintech leaders were also nominated for their innovations in Colombia.

 

 

 

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