Brazil's Finance Minister Rejects Retail Crisis Talk, Vows Fiscal Tightening to Lower Rates
Economy

Brazil's Finance Minister Rejects Retail Crisis Talk, Vows Fiscal Tightening to Lower Rates

Brazil's finance minister says high rates are squeezing credit-dependent retailers such as Casas Bahia, but rejects a ge...

Niamh O'Sullivan 👁 56 💬 0
Why Casas Bahia Is Back on the Brink of a Brazilian Retail Restructuring
Retail

Why Casas Bahia Is Back on the Brink of a Brazilian Retail Restructuring

A R$10.1 billion quarterly loss, collapsing inventories and an anchor investor that walked away have pushed Casas Bahia ...

Orla Fitzpatrick 👁 50 💬 0
Casas Bahia Reports R$10.1 Billion Loss; Auditor Flags Going-Concern Doubt
Companies

Casas Bahia Reports R$10.1 Billion Loss; Auditor Flags Going-Concern Doubt

EY refused to sign off on Casas Bahia's delayed accounts, citing material uncertainty about its survival. A possible jud...

Declan Byrne 👁 66 💬 0
Casas Bahia Reports R$10.1 Billion Loss and Puts Judicial Recovery Back on the Table
Companies

Casas Bahia Reports R$10.1 Billion Loss and Puts Judicial Recovery Back on the Table

Brazilian retailer posts an 18-fold increase in quarterly net loss, closes 298 stores and says formal debt restructuring...

Declan Byrne 👁 70 💬 0