Americanas' plans after RJ
Three years after the discovery of the R$ 20 billion accounting fraud that shook the country, Americanas managed to come out alive from its inevitable judicial recovery process. The 4th Business Court of Rio de Janeiro decreed on Monday the end of the RJ, at the company's request.
The Brazilian retailer Americanas has successfully exited its judicial recovery process, which was initiated three years ago after a R$ 20 billion accounting fraud was uncovered. The company's stock rose 15.58% to R$ 6.90, with a market capitalization of R$ 1.4 billion. Americanas has shifted its focus from digital operations to physical retail, with CEO Fernando Soares stating that the company has emerged as a new entity, leveraging its 50 million monthly customers and extensive network of 1,448 stores across over 800 municipalities.
The company aims to accelerate growth through technological advancements and improved product offerings.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
