Deal between one of Brazil’s largest regional food retail companies and cash-and-carry chain involved sale of properties, not stores 01/27/2023 Makro store in São José dos Campos — Foto: Reprodução/Youtube Grupo Muffato, one of the country’s largest regional food retail chains, has agreed to buy 16 properties and 11 gas stations from Makro, sources say. […]
Erasmo Carlos Battistella calls for guarantee of predictability, industrial policy, to announce investments 01/27/2023 Erasmo Carlos Battistella — Foto: Claudio Belli/Valor Erasmo Carlos Battistella, the country’s top biodiesel businessman, is hoping that the government will soon set up its technical team, mainly in the Ministry of Mines and Energy (MME), to present the request to […]
Retail giant is analyzing financing alternatives and approaching funds and investors 01/27/2023 It becomes imperative to establish a credit structure for Americanas to maintain operations — Foto: Gustavo Minas/Bloomberg Americanas needs to keep operations running in the coming weeks while it begins to put together its court-supervised reorganization plan, and some emergency solutions are in […]
Despite the growth of users, tight margins and strong pressure on services suppliers will harm the business 01/26/2023 The health insurance market is expected to reach 51.5 million users this year — a historical level in the sector. The highest number so far was in December 2014, when there were 50.5 million people with health […]
Revenues reached an all-time high, but number of bags shipped decreased 9% year-over-year, to 3.7 million 01/26/2023 Revenues from shipments reached a record of $705.7 million, up 24.5% year-over-year, thanks to higher prices — Foto: Divulgação/FAF Brazilian soluble coffee exports reached record revenues last year, but volumes declined due to problems affecting global logistics, including […]
Partnership provides for use of new satellite for corporate market 01/26/2023 Rafael Guimarães — Foto: Silvia Costanti/Valor U.S.-based Hughes will team up with British company OneWeb to offer a low-latency satellite communications service in Brazil, targeting the corporate market, starting in the second half of the year. The technology to be used is the same […]
Situation may be comparable with other large court-supervised reorganizations and mean the largest hit for the financial industry since pandemic 01/26/2023 Case is likely to be biggest hit to banking industry since coronavirus pandemic — Foto: Dado Galdieri/Bloomberg The collapse of Americanas after the discovery of a R$20 billion “accounting inconsistency” earlier this month is […]
Study shows that searches on the Internet for the topic skyrocket after a certain point 01/24/2023 Brazilians begin to be bothered by the dynamics of prices when inflation is higher than 3.7% in 12 months, a study from MCM Consultores found. This means, in theory, that from this level on, consumers and companies start to […]
Brazil’s securities market watchdog wants to know if the accounting problem is restricted to Americanas 01/24/2023 There is a risk that this is not Americanas fraud only, but an accounting method used by other companies, expert says — Foto: Gustavo Minas/Bloomberg Brazil’s Securities and Exchange Commission (CVM) is questioning at least nine publicly traded retail […]
European commission vice president says he is pleased with the promise of zero deforestation 01/23/2023 Frans Timmermans — Foto: Divulgação “The eyes of the world are turned to Brazil”, says Frans Timmermans, Executive Vice President of the European Commission, and leader of the European Union international climate negotiations. The Dutchman, who is on a two-day […]