Brazil: Magazine Luiza retailer in crisis (again)
Magazine Luiza has taken the lead in the crisis involving itself, the bank Itaú and the founders of the e-commerce...
March 6, 2023Topic
Magalu
Brazil’s Magazine Luiza launches fintech with personal loans and credit cards for businesses
Magazine Luiza (MGLU3) officially launched Fintech Magalu. According to the company, the fintech is already one of the ten largest...
May 13, 2022
Brazil: Mercado Libre, Americanas and Magalu required to prove “fastest delivery” claims
The process began in June, when CONAR analyzed a complaint from Mercado Libre regarding Americanas' Black Friday 2020
December 4, 2021
Brazil’s Magalu buys Sode, a platform that delivers in up to an hour
Magazine Luiza (MGLU3) on Monday announced that it has completed the acquisition of Sode Intermediação de Negócios, a logistics platform...
July 27, 2021
Magazine Luiza buys Brazil’s largest e-commerce platform for technology and games
RIO DE JANEIRO, BRAZIL - "With the purchase of KaBuM!, we have consolidated our position as one of the leaders...
July 15, 2021
Brazil’s retail giant Magalu receives CADE, Central Bank approvals to acquire ‘Hub Fintech’
RIO DE JANEIRO, BRAZIL - Magazine Luiza, one of the largest Brazilian retail companies, said it has received approvals from...
July 5, 2021
Brazil Retailer Magazine Luiza to pay US$56 Million for Digital Payments Fintech Hub
Brazilian retailer Magazine Luiza SA has agreed to buy financial technology firm Hub Prepaid Participações SA for R$290 million (US$56...
December 21, 2020