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Tag: Magalu

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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