Tag: Magazine Luiza

RIO DE JANEIRO, BRAZIL - Amazon.com is expanding the reach of its services to partner sellers, previously concentrated in the state of São Paulo, and launching a campaign to encourage shopkeepers amid heightened competition among marketplaces operating in Brazil. Last...
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 - On May 9, the president of the Board of Directors of Magazine Luiza, Luiza Helena Trajano, received the Person of the Year award from the Brazil-United States Chamber of Commerce in New York. Trajano was...
RIO DE JANEIRO, BRAZIL - Currently, Brazil is home to more than 212 million people, about 73% of whom have access to the Internet, according to Statista. Moreover, at the beginning of 2021, Brazil was the Latin American country...
RIO DE JANEIRO, BRAZIL - According to the company, the brand will operate on two fronts: through Cornershop by Uber, for grocery delivery intermediation services, and through package delivery by Uber Flash. Following its exit from the restaurant delivery sector,...
RIO DE JANEIRO, BRAZIL - Interbrand consultancy on Friday, December 10, released its annual ranking of the 25 most valuable brands in Brazil. First placed was Itaú bank (ITUB4), with a brand value of R$40.5 (US$7.2) billion, followed by Bradesco...
RIO DE JANEIRO, BRAZIL - What do gymnast Simone Biles, writer Shonda Rimes, American soccer player (and Gisele Bündchen's husband) Tom Brady, and Apple CEO Tim Cook, have in common with businesswoman Luiza Trajano? All of them were listed...
RIO DE JANEIRO, BRAZIL - Mercado Libre on Tuesday (24) announced the purchase of 100% of Kangu parcel delivery platform, expanding the stake in its own logistics division as a differential in Latin America, one of the regions where...
RIO DE JANEIRO, BRAZIL - Never has so much been said about the Stock Exchange in Brazil. With real interest rates (which discount inflation) close to zero, investing in stocks has become the talk at the bar. It may seem...

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