Business

Brazil’s biggest retailer is a bargain. Why hasn’t anyone bought it yet?

via varejo retailer

The Brazilian retail sector has shown some life in 2018, growing by 2.3 percent—its best result in five years. Even so, the country’s biggest retailer, Via Varejo, posted a net loss of BRL 267 million.

As a matter of fact, Via Varejo has been in trouble for a while now. In 2015, the company saw its profits shrink by 99 percent—followed by a BRL 95 million net loss in 2016. The company appeared to bounce back in the following year, but 2018 results show that the problems run deep.

For many, including its...

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