Tag: #americanas

Americanas has lost 92 percent of market value over the past year. Photo: Evandro Leal/Agência Enquadrar/Folhapress

Americanas: Brazil’s biggest accounting scandal, one year later

The giant retailer scaled back operations, closed stores, laid off workers, and deprioritized e-commerce. A return to basics is at the core of the retailer’s recovery plans

4 months ago • Fabiane Ziolla Menezes

americanas balance sheets

Market Roundup: The shocking truth about Americanas

The Brazilian retailer finally released its reviewed earnings reports for fiscal years 2021 and 2022, with big profits turning into losses

6 months ago • Fabiane Ziolla Menezes

benavides americanas cpi

Lawmakers slam toothless report on Americanas inquiry

8 months ago • Cedê Silva

Facade of an Americanas store, a Brazilian retailer, in Rio de Janeiro.

Brazilian retailer Americanas cuts 1,400 more jobs; deal with creditors hinges on five-year review

9 months ago • Fabiane Ziolla Menezes

Americanas former logistics director, José Timotheo de Barros, ina congressional inquiry.

Retail giant Americanas laid off almost 8,000 since its accounting scandal broke

9 months ago • Fabiane Ziolla Menezes

americanas João Pedro Barroso do Nascimento, head of Brazil's Securities and Exchange Commission. Photo: Myke Sena/CD

Market roundup: Securities watchdog toughens approach to Americanas

The securities commission has opened 20 cases to investigate the troubled retail giant, and is now trying to persuade former executives accused of fraud to consider plea deals

11 months ago • Fabiane Ziolla Menezes

investors americanas

Individual investors seek BRL 500 million in compensation for Americanas fraud

11 months ago • Fabiane Ziolla Menezes

americanas hearings

Where the Americanas fraud case is headed

A congressional inquiry is one of several investigations looking into retailer Americanas after it announced billion-dollar accounting discrepancies and filed for bankruptcy protection earlier this year. A new report confirms fraud at the top of the company

11 months ago • Amanda Audi