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Tag: Magalu

RIO DE JANEIRO, BRAZIL - On May 12, Magazine Luiza (MGLU3) officially launched Fintech Magalu. According to the company, the fintech is already one of the ten largest in Brazil, with more than 16 million unique customers among individuals...
RIO DE JANEIRO, BRAZIL - A Tuesday decision by the Council for the Self-Regulation of Advertising (CONAR) will compel three major online retailers, Magazine Luiza, Mercado Libre and Americanas to adjust their advertising claims that they have the fastest...
RIO DE JANEIRO, BRAZIL - Magazine Luiza (MGLU3) on Monday announced that it has completed the acquisition of Sode Intermediação de Negócios, a logistics platform for ultra-fast deliveries. The transaction was handled through a company controlled by the retailer and...
RIO DE JANEIRO, BRAZIL - "With the purchase of KaBuM!, we have consolidated our position as one of the leaders in Brazilian formal e-commerce and strengthened our presence in one of the fastest-growing markets in the world -- products...
RIO DE JANEIRO, BRAZIL - Magazine Luiza, one of the largest Brazilian retail companies, said it has received approvals from the Brazilian antitrust agency (CADE) and the Central Bank (BC) to complete the acquisition of Hub Fintech through its...
RIO DE JANEIRO, BRAZIL - Brazilian retailer Magazine Luiza SA has agreed to buy financial technology firm Hub Prepaid Participações SA for R$290 million (US$56 million), a securities filing showed on Monday, December 21st. Magazine Luiza, one of Brazil’s biggest...

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