(Reuters) – Brazil’s securities watchdog CVM said on Friday it has approved a mechanism similar to a plea bargain for cases related to bankrupt Brazilian retailer Americanas, in the midst…
BRASILIA (Reuters) – Federal lawmakers in Brazil suggested several measures to boost accountability in the financial market, a report showed on Monday, after retailer Americanas this year revealed a multi-billion-dollar…
(Reuters) – The former head of Brazilian retailer Americanas quit two weeks into the job because he had not expected to take over a bankrupt firm, he told Brazilian lawmakers…
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for…
SAO PAULO (Reuters) – The president of Brazil’s securities watchdog CVM on Tuesday urged employees from Americanas with information about the retailer’s alleged multi-billion-dollar fraud to give testimony in exchange…
SAO PAULO (Reuters) – Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders for the acquisition of its Hortifruti Natural da Terra (HNT)…
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to…
SAO PAULO (Reuters) – The head of Brazil’s lower house authorized on Wednesday the creation of a committee to investigate Americanas, the retailer at the center of a nearly $4…
SAO PAULO (Reuters) – Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA’s accounting scandal and the firm’s reorganization process. CVM said…
By Rodrigo, Viga and Gaier RIO DE JANEIRO (Reuters) – A report detailing Brazilian retailer Americanas SA’s bankruptcy is being prepared by the trustee’s team of over 100 experts and…
RIO DE JANEIRO (Reuters) – The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country’s securities watchdog, a source familiar with the matter said,…
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be ‘insignificant’ even in an extreme…
SAO PAULO (Reuters) – Bankrupt Brazilian retailer Americanas SA said on Tuesday it has offered a capital injection to its creditors of 10 billion reais ($1.93 billion) which would come…
(Reuters) – The top shareholders of retailer Americanas SA are informally offering a capital injection of 10 billion reais ($1.9 billion), Bloomberg reported on Thursday, after creditors rejected an initial…
SAO PAULO (Reuters) – The management of troubled Brazilian retailer Americanas SA denied the existence of the financial operations that led to an accounting scandal early this year, a report…
RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ wages and settle small supplier…
SAO PAULO (Reuters) – The chief executive of Brazil’s biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection…
SAO PAULO (Reuters) – Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed…
By Aluisio Alves SAO PAULO (Reuters) – Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such…
(Reuters) – Brazilian retailer Americanas SA has requested debtor-in-possession financing of at least 1 billion reais ($197.12 million) as part of its bankruptcy process, according to a securities filing Tuesday.…
By Tatiana Bautzer SAO PAULO (Reuters) – A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA sent and…
By Carolina Pulice (Reuters) – A group of investors requested a collective arbitration against troubled Brazilian retailer Americanas SA and 3G Capital at the Brazilian stock exchange on Thursday, according…
SAO PAULO (Reuters) – Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA’s protection from creditors, according to court documents seen by Reuters, in…