business news in context, analysis with attitude

•  Bloomberg reports that "Carrefour SA is buying Walmart Inc.’s former Brazil unit to cement its position as the country’s largest supermarket operator two months after being the target of a failed takeover bid.

"Advent International and Walmart agreed to sell Grupo BIG Brasil SA for about 1.1 billion euros ($1.3 billion), Carrefour said Wednesday. Brazil is already the French retailer’s second-largest market, and the deal would make that business almost as big as its European operations outside of France."

Once the deal is approved by authorities, Advent and Walmart will retain a combined 5.6% stake in the company.

•  CNN reports that "7-Eleven wants to get in on the growing popularity of fast food drive-thrus. So it's opening one for its taco restaurant.

"The convenience store chain said Tuesday that it is opening a Laredo Taco location with a drive-thru in Dallas. Typically, Laredo Taco locations can be found in 7-Eleven stores themselves. This is the first drive-thru for the taco chain, as well as the first drive-thru at a corporate-owned 7-Eleven store. Customers can order Slurpees in addition to items from the Laredo Taco menu, which include an assortment of tacos, side dishes and aguas frescas."

•  Eater Washington DC reports that Foxtrot Market, the so-called boutique convenience store format that focuses on foodservice, e-commerce and local brands, has opened its second store in Washington, DC, about a mile east of the White House and a mile north of the US Capitol.

It is the second store that Foxtrot has opened in DC;  the first, in Georgetown, opened on March 1.

Foxtrot also operates stores in Chicago and Dallas.