Lojas Americanas

Banco Safra Issues Correcting Statement

Retrieved on:

Tuesday, December 5, 2023

Banco Safra, Security (finance), Lojas Americanas

SÃO PAULO, Dec. 5, 2023 /PRNewswire/ -- Banco Safra today stated that it has filed a motion in the Americanas restructuring in the Brazilian courts, not a lawsuit as described in an earlier press release.

Key Points:

SÃO PAULO, Dec. 5, 2023 /PRNewswire/ -- Banco Safra today stated that it has filed a motion in the Americanas restructuring in the Brazilian courts, not a lawsuit as described in an earlier press release.
The filing seeks to prevent Americanas and its controlling shareholders from moving forward with deficient restructuring plan.

Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan

Retrieved on:

Monday, December 4, 2023

SAO, Banco Safra, Fraud, Committee, Beto Sicupira, Audit, Lemann, Lojas Americanas

SAO PAULO, Dec. 4, 2023 /PRNewswire/ -- Banco Safra today filed suit to prevent Americanas (the "Company") and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.

Key Points:

SAO PAULO, Dec. 4, 2023 /PRNewswire/ -- Banco Safra today filed suit to prevent Americanas (the "Company") and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.
Americanas and its controlling shareholders, Lemann, Telles and Sicupira, have proposed a recovery plan that seeks to prevent creditors from continuing to investigate the true causes of the fraud perpetrated at the Company.
Banco Safra believes this clause is an illegal effort by the Company and its controlling shareholders to avoid accountability for the fraud and are challenging the legality of the recovery plan.
This illegal clause is just one of multiple deficiencies Banco Safra believes should nullify the entire Americanas recovery plan as set forth in the suit we filed today.

Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan

Retrieved on:

Monday, December 4, 2023

SAO, Banco Safra, Fraud, Committee, Beto Sicupira, Audit, Lemann, Lojas Americanas

SAO PAULO, Dec. 4, 2023 /PRNewswire/ -- Banco Safra today filed suit to prevent Americanas (the "Company") and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.

Key Points:

SAO PAULO, Dec. 4, 2023 /PRNewswire/ -- Banco Safra today filed suit to prevent Americanas (the "Company") and its controlling shareholders from moving forward with a deficient recovery plan that it believes would be nullified by the Judiciary.
Americanas and its controlling shareholders, Lemann, Telles and Sicupira, have proposed a recovery plan that seeks to prevent creditors from continuing to investigate the true causes of the fraud perpetrated at the Company.
Banco Safra believes this clause is an illegal effort by the Company and its controlling shareholders to avoid accountability for the fraud and are challenging the legality of the recovery plan.
This illegal clause is just one of multiple deficiencies Banco Safra believes should nullify the entire Americanas recovery plan as set forth in the suit we filed today.

Brazil e-Commerce Market Databook Report 2023: 100+ KPIs on Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics 2018-2027

Retrieved on:

Thursday, November 16, 2023

DUBLIN, Nov. 16, 2023 /PRNewswire/ -- The "Brazil Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals, Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Nov. 16, 2023 /PRNewswire/ -- The "Brazil Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals, Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.
Ecommerce market in Brazil is expected to grow by 11.04% on annual basis to reach US$56.9 billion in 2022.
The Ecommerce gross merchandise value in the country will increase from US$51.2 billion in 2022 to reach US$81.3 billion by 2027.
Global players have been also seeking to localize their products and services to gain more traction among consumers.

KONKA makes a splash at Latin America's largest home appliance and electronics fair

Retrieved on:

Monday, July 10, 2023

WebOS, Exhibition, Electronics, Android, Multimedia, Shenzhen Stock Exchange, SZ, OLED, SAO, Online shopping, Retail, Amazon, Lojas Americanas

SZ), a leading home appliance and electronics brand, is making its debut at the 15th Eletrolar Show, the largest trade fair in Latin America for home appliances, electronics, mobile devices, technology, and household goods industries.

Key Points:

SZ), a leading home appliance and electronics brand, is making its debut at the 15th Eletrolar Show, the largest trade fair in Latin America for home appliances, electronics, mobile devices, technology, and household goods industries.
KONKA is also exhibiting its range of white goods, including a variety of refrigerators, freezers, washing machines, and coffee machines.
With its innovative technology and top-quality products, KONKA is poised to make waves in the home appliance and electronics industry in the region.
Established in 1980, KONKA is China's first Sino-foreign joint consumer electronics enterprise that has been listed on Shenzhen Stock Exchange.

nocnoc Raises $14 Million in Series A Funding led by PayPal Ventures to Accelerate Cross-border eCommerce in Latin America

Retrieved on:

Friday, June 9, 2023

Marketing, Mercado Libre, E-commerce, CCO, Sale, Taobao, Amazon, Friction, Walmart, Advance payment, JD, Growth, SAO, Drug, Online shopping, Coppel, Lojas Americanas

The funding will further strengthen nocnoc’s mission to help international businesses grow and expand into Latin America.

Key Points:

The funding will further strengthen nocnoc’s mission to help international businesses grow and expand into Latin America.
nocnoc was created to connect sellers in global markets with Latin America’s eCommerce platforms.
“Marketplaces make up 80% of eCommerce in Latin America, but are highly fragmented,” said Ilan Bajarlia, co-founder and CEO of nocnoc.
Although most products arrive within the expected time frame, delivery times may vary,” explained Diego Szilagyi, co-founder and CCO of nocnoc.

Government of Canada invests to protect species at risk in the Greater Montréal area

Retrieved on:

Friday, June 9, 2023

This project aims to protect and restore the habitats needed by a dozen species at risk, including the Snapping Turtle, Least Bittern and American Water-willow.

Key Points:

This project aims to protect and restore the habitats needed by a dozen species at risk, including the Snapping Turtle, Least Bittern and American Water-willow.
The Government of Canada is firmly committed to taking concrete action to protect biodiversity and contribute to the global goals set at COP15.
The Parc de la Rivière-des-Mille-Îles is the largest protected wildlife area project in the Greater Montréal area.
It is home to two-thirds of Quebec's vertebrate fauna, and 86 species at risk have been observed there.

Brazil B2C Ecommerce Market Opportunities Databook Q1 2023 Update: Sector to Reach $81.3 Billion by 2027 at a 9.3% CAGR

Retrieved on:

Wednesday, April 5, 2023

According to the publisher, B2C Ecommerce market in Brazil is expected to grow by 11.04% on annual basis to reach US$56.9 billion in 2023.

Key Points:

According to the publisher, B2C Ecommerce market in Brazil is expected to grow by 11.04% on annual basis to reach US$56.9 billion in 2023.
The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 9.34% during 2023-2027.
The country's B2C Ecommerce Gross Merchandise Value will increase from US$51.2 billion in 2022 to reach US$81.3 billion by 2027.
This report provides a detailed data centric analysis of B2C ecommerce market dynamics, covering over 100 KPIs in Brazil.

Global Real Estate Brokerage The Agency Launches First Office in Portugal

Retrieved on:

Tuesday, February 7, 2023

LOS ANGELES, Feb. 7, 2023 /PRNewswire-PRWeb/ -- Global real estate brokerage The Agency proudly announces the launch of its new franchise office in Lisbon, Portugal. The new locale is the firm's second office in Europe, following The Netherlands, which launched in 2022. The office joins the brokerage's growing network of more than 70 offices in the U.S., Canada, Mexico, the Caribbean, and Europe. The Portugal office will be led by industry veteran and Managing Partner, Ayres Neto.

Key Points:

LOS ANGELES, Feb. 7, 2023 /PRNewswire-PRWeb/ -- Global real estate brokerage The Agency proudly announces the launch of its new franchise office in Lisbon, Portugal.
Since 2022, The Agency has showcased impressive global growth, opening 27 new corporate and independently-owned offices, including the new office in Portugal, with additional openings on the horizon.
The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 70 offices in eight countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world.
Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.

The Brazilian B2C Ecommerce Gross Merchandise Value is Expected to Reach $95 Billion by 2026

Retrieved on:

Tuesday, October 25, 2022

The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 16.30% during 2022-2026.

Key Points:

The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 16.30% during 2022-2026.
The country's B2C Ecommerce Gross Merchandise Value will increase from US$43.3 billion in 2021 to reach US$95.0 billion by 2026.
This indicates that there is still room for extended growth in the Brazilian B2C e-commerce industry.
Due to the hyper-growth scenario, the Brazilian B2C e-commerce industry has become a battleground for global and local players, with growing market competition.