It was founded in Envigado in the year 1949, by Gustavo Toro Quintero and now is one of the largest supermarket companies in the country, and has 390 stores ubicated in 175 municipalities of the Colombian territory.

In March 26, 1949, Gustavo Toro Quintero,(a businessman) opened the first store of "Almacenes Éxito" in the center of the Medellín.

In 1994 the company started its share opening entrancing to the Bogota, Medellín and West stock exchanges.

In 1998 it created the virtual store of Éxito in association with NormaNet being a pioneer in Colombian online trading.

In 2013 it created "Móvil Éxito" its telephone service supported by the infrastructure of "Tigo Colombia".