However, family conflicts threatened the company. In an agreement signed in November 1993, Diniz was given the majority control of Grupo Pão de Açúcar. His parents received 36.5% of the company shares and his sister, Lucília, held 12% of the company shares.
Despite this, family conflicts arose within the company. A deal in November 1993 granted Diniz control over Grupo Pão de Açúcar. His parents received 36.5% of the company's stock, while his sister Lucília held 12%.