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Brazilian retailer Americanas: store sales return to pre-crisis level but digital sales drop 90%
By Daniel Cancel
Americanas, the Brazilian retailer under judicial reorganization since January after disclosing a R$20 billion accounting hole, received good news in April: sales...
Brazilian Congress to investigate crisis at retail giant Americanas
By Daniel Carvalho
Americanas recorded a total debt of R$42.3 billion (US$8.46 billion) in its restructuring proposal, although the figure is closer to R$50 billion...
Brazilan retailer Americanas proposes to creditors a discount of up to 80% for debt to fall to US$930 million
The first version of Americanas' restructuring plan, presented to the courts on Monday (20), proposes to pay creditors in March 2043 only 20% of...
Brazil: Americanas retailer creditors seek US$2.3 billion injection
Creditors of Americanas SA, including some banks and bondholders, are willing to cut a deal with the struggling retailer's billionaire shareholders if they agree...
After the Americanas debacle in Brazil, it’s the turn of retailer Tok & Stok
After Americanas and Marisa stores revealed debts and financial difficulties, Tok & Stok - a furniture and home furnishings retailer- is seeking a restructuring...
Billionaire Jorge Paulo Lemann decides to return to Brazil because of the Americanas affair
Americanas' key shareholders - Jorge Paulo Lemann, Marcel Telles, and Beto Sicupira - have decided to land in Brazil and personally negotiate a solution...
How much is Americanas retailer’s debt
The receivers of Lojas Americanas informed the court that the company's total debt is approximately R$50 billion (US$9.84 billion), almost R$7 billion (US$1.38 billion)...
Mercado Libre should have a strong 4th quarter to take advantage of the market left by Americanas in Brazil
Mercado Libre should deliver a fourth quarter with strong execution in both the commerce and fintech areas, assesses Goldman Sachs in a report.
The bank...
Americanas: Brazilian billionaires say they did not know about the billionaire gap
Brazilian billionaires Jorge Paulo Lemann, Marcel Telles and Beto Sicupira spoke for the first time, on the night of Sunday 22nd, since a hecatomb...
Justice accept petition for judicial reorganization of Americanas, one of the largest retail chains in LatAm
The Justice Department of Rio de Janeiro accepted this Thursday afternoon, Jan. 19, the request for the judicial reorganization of the retail giant Americanas.
Judge...
Brazilian retailer Americanas: 9 banks committed to a debt of US$3.9 billion
As soon as Brazilian retailer Americanas disclosed accounting inconsistencies in the amount of R$20 billion (US$3.9 billion), the banks were at the center of...
Americanas retailer overthrows largest fixed income fund in Brazil
The largest fixed income fund in Brazil, with around 1.3 million shareholders, the “Nu Reserva Imediata”, indicated in Nubank’s option for “Emergency Reserve” and...
Brazil’s Americanas stores to deliver food purchases to favelas
RIO DE JANEIRO, BRAZIL - One year after taking the online commerce of goods into seven Brazilian favelas, the giant Americanas wants to repeat...
Brazil’s Americanas suspends e-commerce servers; websites offline due to “unauthorized access”
RIO DE JANEIRO, BRAZIL - In addition to information disclosed through a Notice to the Market on Saturday, February 19, Americanas S.A. (AMER3) on...