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Tag: Magazine Luiza

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...
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 - São Paulo's Magazine Luiza chain will open the first 23 of a total of at least 50 physical stores in the state of Rio de Janeiro by the end of 2021. The project is boosted...
RIO DE JANEIRO, BRAZIL - In the fashion world, "live commerce," selling products in which people can ask questions and make the purchase online in real time, is nothing new. But with the Covid-19 pandemic, this shopping world "reality...
RIO DE JANEIRO, BRAZIL - The last few weeks were eventful behind the scenes of major companies in the clothing market in Brazil. The traditional Cia. Hering, from Blumenau (SC), was offered to buy Arezzo&Co and the Soma Group. After a...
RIO DE JANEIRO, BRAZIL - Brazilian Luiza Helena Trajano, considered one of Latin America's most influential CEOs, has now taken the reins of a group of businesses formed to step up vaccination in the country, a challenge she combines...
RIO DE JANEIRO, BRAZIL - According to the survey, with the growth recorded over last year, Brazil now registers approximately 20% of its adult population - equivalent to 32.4 million people - using some app to work. In February...
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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