Sérgio Ripardo EN
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English
Next Generation Digital TV Will Remove Barriers Between Antennas, Internet, Globo’s CFO Says
In an interview with Bloomberg Línea, Manuel Belmar argued that the arrival of “Television 3.0″ in Brazil will allow for segmented advertising. He also revealed a R$5 billion investment in 2023
English
How Whirlpool Turned Around Falling Demand In Brazil
In an interview with Bloomberg Línea, the appliance manufacturer’s vice president for Brazil, Gustavo Ambar, talks about the new trends that have impacted its strategy in the country
English
GetNinjas CEO Boosts Share to Nearly 25%, Intensifying Face-off with Reag Investment Firm
Brazilian Eduardo L’Hotellier tells Bloomberg Línea he’s buying shares to strengthen his stance in favor of a proposed capital reduction, set for a vote on the 23rd
English
Brazil’s Fleury Explores Expanding Addressable Market with New Ophthalmology Brand
CEO Jeane Tsutsui tells Bloomberg Línea that their specialty services go beyond the premium market with the a+ Ophthalmology brand; the first unit is in Osasco, in Sao Paulo region
English
Brazil’s Americanas Evaluates Brick-and-Mortar Decline, Plans Financial Report
The retailer has already closed 97 stores from January to September 17th and has reduced its workforce by over 20%. The stock surged over 20% last Friday following a truce with Bradesco and the conclusion of a parliamentary inquiry
English
Mossad-Inspired Private Security Industry Thrives in Brazil Amidst Surge in Urban Violence
Private security companies in Brazil are experiencing high demand for electronic monitoring solutions, bodyguards, and armored vehicles to address the increasing insecurity
English
Brazil’s Maxmilhas Files for Bankruptcy Protection, Blames 123milhas Crisis
Debts reach $45.67 million in the Maxmilhas case, which was acquired in January by 123milhas, declaring a debt of $465.97 million
English
Tok&Stok’s CEO Confirms Talks with Mobly and Emphasizes Cash Management Focus
In an exclusive interview with Bloomberg Línea, the founder of the furniture retailer Ghislaine Dubrule discusses why she decided to return to the CEO position and what the next steps are for the turnaround
English
10 Brazilian Companies to Watch In Second Half 2023
From leading companies in their sectors to promising startups delivering results, take a look at what experts consulted by Bloomberg Línea say
English
Americanas’ Majority Shareholders Raise Capitalization Proposal to $2.36 Billion
The retailer’s new offer comes close to the amount required by the main creditors, the banks, before an eventual agreement could begin to be discussed
English
Brazil’s Americanas Mulls 1-Billion-Real Loan to Stay Afloat
The beleaguered Brazilian retail giant is considering taking on a loan of at least one billion reais ($196.3 million) in order to strengthen its cash flow and continue operating
English
Americanas Faces Eviction from São Paulo Shopping Mall Due to Rent Arrears
The retail giant owes 67,000 reais for the premises in the Santa Bárbara D’Oeste mall in São Paulo state, while Americanas claims the debt is contemplated within its restructuring process
English
Americanas’ Unraveling Will Likely Worsen Wave of Layoffs In Brazil
Guararapes, the owner of Riachuelo, Méliuz, CVC and Yoki, announces thousands of layoffs at a time of economic slowdown in Brazil and worldwide
English
Brazil’s Broker XP: Slowdown, Search for Efficiency and Marketing Spend in Aspen
Q4 funding falls more than expected by the market as platform invests in initiatives for high-income audience, such as parties in the US
English
Brazil’s Beleaguered Americanas Files For Bankruptcy Protection
The retail group, which reported having 16,300 creditors, admitted to a 20-billion-reais accounting shortfall last week, and says it has debts totaling $8.23 billion
Brazil News
Americanas’ Rial Explains How He Discovered ‘Failures’ of $4 Billion in 9 Days as CEO
The Brazilian retailer will have to undergo external audits, revise balance sheets and carry out capitalization with the participation of the main shareholders, according to the exec
English
7 Business Sectors that Brazil’s Lula Could Boost, Or Put the Brakes On
The new Workers’ Party (PT) administration will face the challenge of avoiding a recession, and stimuli to sectors such as oil, renewable energy and civil construction should favor companies in the country
Brasil en español
7 negocios que podrían recibir impulso en el gobierno de Lula
El nuevo gobierno brasileño se enfrentará al reto de evitar la recesión; estímulo a sectores como el petróleo, las energías renovables y la construcción civil deberían favorecer a las empresas del sector
Brazil News
What to Expect from Jean-Paul Prates as the New Petrobras’ CEO
Ending the sale of refineries, reducing dividends, and focusing on renewable energy are some of the guidelines that should guide the management of Brazil’s largest state-owned company
News in English
Jewelry: Why Vivara Has Become One of Analysts’ Favorite Retail Stocks
The sector proves to be more resilient with a focus on the public less impacted by high-interest rates and inflation, benefiting from lower cost pressure
Brazil News
With Lula’s Inauguration, the Search for a Flight to Brasilia Skyrockets. Prices Reach $1,300
Brazil’s capital saw a 1,600% increase in searches for tickets to fly between 30 December and 2 January, according to a travel platform survey
News in English
Wheel of Fortune? XP Invests in a Gigantic São Paulo Tourist Attraction
The Ferris wheel, adjacent to the financial capital’s Villa-Lobos park, will be the largest in Latin America, and shows the growth of the branding trend in Brazil, into which big companies are throwing money
News in English
‘We’re in a Perfect Storm, But it Will Pass,’ Bradesco’s CEO Says
The Brazilian bank’s CEO Octavio de Lazari Junior foresees more default pressure in fourth quarter and says the bank is considering selling its credit portfolio, but expects a change of course with an interest rate cut in 2023
News in English
Ambev’s Profits Fall Amid Higher Costs, Aims for Growth Goals at Qatar World Cup
The beverage giant is betting on the FIFA 2022 Qatar World Cup to boost last-quarter results after beer-sales growth in Brazil stalls
English version
Why Brazil’s Bradesco Bought a Majority Stake in Real Estate Fund Manager BV DTVM
The transaction reveals the country’s second-largest private bank’s interest in the segment, and high-income clients
English version
Brazilian PC Maker Positivo Sees Desktop Sales Recover As Workers Return to Offices
Hélio Rotenberg, CEO of Brazilian computer manufacturer Positivo Tecnologia, says the rise in corporate purchases offsets the drop in sales by individual customers caused by higher credit costs
English version
Brazil’s Mainstream Banks Seen Weathering Crisis Better than Digital Rivals
Brazil’s large banks have a greater resilience than digital banks as they raise funds at a lower cost, do not need to invest so much in infrastructure, and are not so dependent on a single vertical
English version
High-End Brazilian Retail Rides E-Commerce Wave With Store Openings, Acquisitions
Online retail has brought a bonanza to a number of brands, and Alexandre Birman, CEO of Brazil’s Arezz, talked to Bloomberg Línea about how the company is expanding as a result of e-commerce, despite shrinking purchasing power in the country, and is planning new acquisitions and store openings
English version
Mitre Realty Revealed as Buyer of Brazilian Luxury Brand Daslu
The real estate developer placed the winning bid of 10 million reais ($2.04 million) at auction, and acquires the rights to use all 51 of Daslu’s brands
English version
How Brazil is Preparing for the Arrival of Monkeypox
The country’s health authorities recommend isolation and have created a ‘situation room’ to monitor the spread of the virus
News in English
Brazil Scraps Import Taxes On Jet Skis, Non-Motorized Aircraft
The Chamber of Foreign Trade announced the measure that will come into effect later this month
English version
Foreigners Sink $12.4B into Brazilian Stocks Year-to-Date
Foreign capital inflows remained above 30 billio reais in February despite the outbreak of war
English version
Crypto Pyramid: 500 People Complain of a Scam that Turns into a Police Case in SP
Procon-SP refers complaints involving MSK Operações e Investimentos to the Civil Police
Brazil News
Brazil Has a New Law for Foreign Exchange with an Eye on Global Insertion
With the New Foreign Exchange Law, the Central Bank expects greater international use of the Brazilian Real and less bureaucracy in the foreign exchange market