Brazil’s stock exchange B3 doubles in value in 4 years; reaches the 4 million investor mark
Never has so much been said about the Stock Exchange in Brazil. With real interest rates (which discount inflation) close...
July 27, 2021Topic
Magazine Luiza
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
Once only a fad in China, “live commerce” becomes trendy in Brazil
The Soma Group, owner of brands like Animale and Farm, launched its live commerce a year ago, when its stores...
June 8, 2021
Pandemic and digitalization spur growth in Brazilian fashion
The last few weeks were eventful behind the scenes of major companies in the clothing market in Brazil. The traditional...
April 29, 2021
Luiza Trajano, the multimillionaire who seeks to change Brazil from behind the scenes
Trajano (1951, Franca) transformed a small network of stores in the interior of São Paulo into a retail empire (Magazine...
April 19, 2021
Approximately 20% of Brazil’s adult population use some kind of app for work – survey
According to the survey, with the growth recorded over last year, Brazil now registers approximately 20% of its adult population...
April 13, 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