Jorge Paulo Lemann Says Trying to Save Americanas After $5 Billion Fraud: Jorge Paulo Lemann, the billionaire Brazilian dealmaker, said that together with his ...
bloomberg.com/news/articles/2024-04-06/jorge-paulo-lemann-says-trying-to-save-americanas-after-5-billion-fraud
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Americanas Probe Circles Around Ex-CEO Now Living in Spain: The former CEO of Brazilian retail giant Americanas SA was mostly invisible to the public ...
trib.al/IaocS3y
Americanas Closes Deal With Banks to Restructure Debt: Brazilian retailer Americanas SA reached an agreement with bank creditors to overhaul some of its debt ...
bloomberg.com/news/articles/2023-11-27/americanas-closes-deal-with-banks-to-restructure-debt-lpgttqo0
Americanas Creditors Approve Debt Restructuring Plan: Creditors of distressed Brazilian retailer Americanas SA approved a restructuring plan to overhaul 50 ...
bloomberg.com/news/articles/2023-12-19/americanas-creditors-approve-debt-restructuring-plan-after-fraud
Bike to Work community revokes Jakarta’s 'Bicycle Friendly City' title: JAKARTA: The Bike to Work (B2W) Indonesia community has revoked the title of ...
thestar.com.my/aseanplus/aseanplus-news/2023/11/08/bike-to-work-community-revokes-jakartas-039bicycle-friendly-city039-title
Brazil's securities watchdog agrees to 'plea bargain' on Americanas' probe: Brazil's securities watchdog CVM said on Friday it has approved a mechanism similar ...
reuters.com/business/retail-consumer/brazils-securities-watchdog-agrees-plea-bargain-americanas-probe-2023-09-30/
Quick Glance: Brazil's securities watchdog approves 'deal' in Americanas' investigation
- CVM approves similar mechanism to a deal for cases related to bankrupt Brazilian retailer Americanas (AMER3.SA).
- CVM reaches 'administrative agreement in supervision process' to reward cooperative behavior in the ongoing investigations.
- Americanas does not comment on the matter.
Former CEO of Brazil's Americanas denies knowledge of accounting fraud: Former Americanas (AMER3.SA) Chief Executive Miguel Gutierrez has denied in a letter sent ...
reuters.com/business/retail-consumer/former-ceo-brazils-americanas-denies-knowledge-accounting-fraud-2023-09-05/
Ex-CEO of Brazil's Americanas says he did not expect to lead bankrupt firm: The former head of Brazilian retailer Americanas (AMER3.SA) quit two weeks into the ...
reuters.com/business/retail-consumer/ex-ceo-brazils-americanas-says-he-did-not-expect-lead-bankrupt-firm-2023-08-22/
KPMG warned Brazil's Americanas about lack of financial controls in 2019, partner says
reuters.com/business/retail-consumer/kpmg-warned-brazils-americanas-about-lack-financial-controls-2019-partner-says-2023-08-01/
Americanas Says Previous Management Team Committed Fraud: The previous management team at Brazilian retailer Americanas SA carried out fraudulent accounting ...
bloomberg.com/news/articles/2023-06-13/americanas-says-previous-management-team-committed-fraud
PwC and KPMG drawn deeper into Brazilian retailer’s accounting scandal: Audit firms scrutinised over collapse of Americanas which has shocked corporate Brazil
ft.com/content/faac43f2-7b74-45de-b7c9-53add63a28e5
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Billionaire Trio Agree to Lock-Up Period at Brazilian Retailer Americanas: The main shareholders at embattled Brazilian retailer Americanas SA tentatively have ...
bloomberg.com/news/articles/2023-06-12/billionaire-trio-said-to-agree-to-lock-up-period-at-americanas
Americanas Minority Shareholders Add Board Member Amid Crisis: Shareholders of embattled Brazilian retailer Americanas SA voted to ratify most of the names ...
bloomberg.com/news/articles/2023-04-29/americanas-minority-shareholders-add-board-member-amid-crisis
Brazilian e-commerce company Americanas joined forces with the NGO G10 Favelas and startup Favela Brasil, who together leveraged Google technology to provide a coded and searchable address for every location in the world
f-st.co/OiQqtgZ
Brazil’s Congress to Probe Crisis at Retail Giant Americanas: Brazil’s lower house will investigate the events leading up to the financial crisis at Americanas ...
bloomberg.com/news/articles/2023-04-27/brazil-s-congress-to-probe-crisis-at-retail-giant-americanas
Brazil's Americanas faces more debt, asset sales as it restructures: Brazilian retailer Americanas SA (AMER3.SA) has presented to a court its post-bankruptcy ...
reuters.com/markets/deals/brazils-americanas-presents-reorganization-plan-court-media-report-2023-03-20/
Brazilian securities watchdog launches new probes into Americanas accounting fiasco
reuters.com/world/americas/brazilian-securities-watchdog-launches-new-probes-into-americanas-accounting-2023-03-17/
Americanas Crash Halts Several Brazil Corporate Bond Sales: The turmoil in Brazil’s credit market has put several local bond sales on hold as banks and investors ...
bloomberg.com/news/articles/2023-03-06/americanas-amer3-crash-halts-several-brazil-corporate-local-bond-sales
Americanas Appoints Third CEO in Six Weeks Amid Overhaul: Brazilian retailer Americanas SA appointed its third Chief Executive Officer in six weeks as it looks ...
bloomberg.com/news/articles/2023-02-16/americanas-appoints-third-ceo-in-six-weeks-amid-overhaul
Americanas' top shareholders boost injection offer to $1.9 bln -Bloomberg News: The top shareholders of retailer Americanas SA (AMER3.SA) are informally offering ...
reuters.com/business/retail-consumer/americanas-top-shareholders-boost-injection-offer-19-bln-bloomberg-news-2023-03-03/
Americanas Former CEO Gutierrez Working With Lawyers in Rio: Americanas SA’s former Chief Executive Officer Miguel Gutierrez is in Rio de Janeiro and has been ...
bloomberg.com/news/articles/2023-02-13/americanas-former-ceo-gutierrez-working-with-lawyers-in-rio
Alleged fraud at a Brazilian retailer sparks a corporate reckoning: The scandal puts three low-key billionaires in the spotlight
economist.com/business/2023/02/09/alleged-fraud-at-a-brazilian-retailer-sparks-a-corporate-reckoning
Quick Glance: Scandal at Brazilian Retailer Triggers Corporate Reckoning
- In Brazil, businesspeople are not easily shocked. In the past decade, they have witnessed two business empires collapse in disgrace.
- The latest scandal erupted on January 11th, when the new boss of Americanas, Sergio Rial, reported "accounting inconsistencies" that had allowed the 94-year-old retail giant to conceal 20 billion reais ($4 billion) of debt over a decade.
- While not as significant as the incidents involving Odebrecht and Batista, the episode has caused a stir.
- The trio's fate now depends on the specifics of what occurred at Americanas. The company's interim management and its shareholders are investigating. Brazil's markets regulator is also involved.
Alleged fraud at a Brazilian retailer sparks a corporate reckoning: The scandal puts three low-key billionaires in the spotlight
economist.com/business/2023/02/09/alleged-fraud-at-a-brazilian-retailer-sparks-a-corporate-reckoning
Brazilan retailer Americanas proposes to creditors a discount of up to 80% for debt to fall to US$930 million - The Rio Times
riotimesonline.com/brazil-news/brazil/brazilan-retailer-americanas-proposes-to-creditors-a-discount-of-up-to-80-for-debt-to-fall-to-us930-million/
Brazil: Americanas retailer creditors seek US$2.3 billion injection - The Rio Times
riotimesonline.com/brazil-news/brazil/brazil-americanas-retailer-creditors-seek-us2-3-billion-injection/
Americanas Executives, Brazil Central Bank Chief Asked to Testify in Congress: A Brazilian Senate committee on Tuesday extended formal invitations to central ...
bloomberg.com/news/articles/2023-03-14/brazil-senate-wants-to-hear-americanas-executives-central-bank
Americanas accounting scandal was a 'fraud,' says CEO of Brazil's Itau: The chief executive of Brazil's biggest private lender Itau Unibanco (ITUB4 ...
reuters.com/business/retail-consumer/americanas-accounting-scandal-was-fraud-says-ceo-brazils-itau-2023-02-08/
Americanas' billionaire shareholders say they were unaware of accounting problems
reuters.com/business/retail-consumer/americanas-billionaire-shareholders-say-they-were-unaware-accounting-problems-2023-01-23/
Bradesco shares hit 2-year low after disappointing quarterly earnings: Shares in Brazil's Banco Bradesco SA (BBDC4.SA) fell to their lowest level in almost two ...
reuters.com/business/finance/bradesco-shares-hit-2-year-low-after-disappointing-quarterly-earnings-2023-02-10/
Americanas Billionaire Trio Faces Possible Brazil Congress Probe: Prospects of a confrontation between Brazil’s congress and the billionaire shareholders behind ...
bloomberg.com/news/articles/2023-03-08/americanas-billionaire-trio-faces-possible-brazil-congress-probe
Brazil court grants bankruptcy protection for retailer Americanas: A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA's (AMER3 ...
reuters.com/business/retail-consumer/brazils-americanas-considering-filing-bankruptcy-2023-01-19/
Investor group requests arbitration against Brazil's Americanas and 3G Capital: A group of investors requested a collective arbitration against troubled ...
reuters.com/business/retail-consumer/investor-group-requests-arbitration-against-brazils-americanas-3g-capital-2023-01-19/
Bankrupt Brazilian retailer Americanas owes about $8 bln, court finds: Brazilian retailer Americanas SA (AMER3.SA) owes a variety of creditors around $8 billion ...
reuters.com/business/retail-consumer/brazils-americanas-reports-7720-creditors-8-bln-debt-2023-01-25/
Americanas Billionaires Offer $1.9 Billion, Unlocking Debt Talks: The billionaire shareholders behind troubled Brazilian retailer Americanas SA are informally ...
bloomberg.com/news/articles/2023-03-02/americanas-billionaires-offer-1-9-billion-unlocking-debt-talks
Analysis: high interest rates, restricted credit and government noise indicate weaker Brazilian GDP in 2023 - The Rio Times
riotimesonline.com/brazil-news/brazil/analysis-high-interest-rates-restricted-credit-and-government-noise-indicate-weaker-brazilian-gdp-in-2023/
Brazil’s Americanas files for bankruptcy amid $3.8bn accounting scandal : Crisis at retailer pits some of the country’s best known billionaires against banks
ft.com/content/44b018a1-866b-4510-94b6-00ead40bb2ac
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Americanas Cleared by Court to Pay Debts to Smaller Creditors: Americanas SA, the distressed Brazilian retailer, can begin settling debts with small creditors ...
bloomberg.com/news/articles/2023-02-28/americanas-cleared-by-court-to-pay-debts-to-smaller-creditors
Brazil's Americanas requests financing of at least $197 mln -filing: Brazilian retailer Americanas SA (AMER3.SA) has requested debtor-in-possession financing of ...
reuters.com/business/retail-consumer/brazils-americanas-requests-financing-least-197-mln-filing-2023-02-01/
Brazil's Americanas shares plunge 77% after accounting 'inconsistencies' found: Shares in Brazilian retailer Americanas SA (AMER3.SA) plummeted more than 75% on ...
reuters.com/business/retail-consumer/brazils-americanas-shares-plunge-pre-market-accounting-inconsistencies-2023-01-12/
MercadoLibre Tops Estimates, Will Be ‘Tactical’ in Brazil: Latin America e-commerce giant MercadoLibre Inc. reported a surge in profits in the fourth quarter ...
bloomberg.com/news/articles/2023-02-23/mercadolibre-meli-profits-surged-even-before-americanas-amer3-meltdown
Brazil's BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors
reuters.com/business/brazils-btg-pactual-appeals-decision-protecting-billionaire-backed-americanas-2023-01-15/
Minority shareholders denounce Brazil's Americanas for 'multi-billion fraud': A group representing minority shareholders on Friday filed a complaint with ...
reuters.com/business/retail-consumer/minority-shareholders-denounce-brazils-americanas-multi-billion-fraud-2023-01-13/
BTG, Bradesco among most exposed to Brazilian retailer Americanas: Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to ...
reuters.com/business/retail-consumer/btg-bradesco-among-most-exposed-troubled-brazilian-retailer-americanas-2023-01-16/
Americanas downgraded by Fitch; company leaves interest unpaid in Brazilian bonds
reuters.com/business/retail-consumer/americanas-rial-says-billionaire-backers-fully-supported-course-correction-2023-01-17/
After the Americanas debacle in Brazil, it's the turn of retailer Tok & Stok - The Rio Times
riotimesonline.com/brazil-news/brazil/brazil-now-is-tok-stoks-turn/
The five largest judicial recoveries in Brazil - The Rio Times: Judicial recovery (RJ) requests have not stopped appearing in the Brazilian market since ...
riotimesonline.com/brazil-news/bbc/the-five-largest-judicial-recoveries-in-brazil/
Brazil Credit Crunch Is Brewing as Americanas Fallout Grows: Investors are losing faith in Brazil’s corporate borrowers in the aftermath of Americanas SA’s ...
bloomberg.com/news/articles/2023-02-15/brazil-credit-crunch-is-brewing-as-americanas-fallout-spreads
Ghost of Enron Haunts the Bean Counters: From Americanas to Adani Group, a familiar figure is facing blame
bloomberg.com/news/newsletters/2023-02-14/pwc-sued-over-americanas-amer3-accounting-adani-s-auditors-under-scrutiny
Billionaire Trio Behind Americanas to Lead $379 Million Funding: Distressed Brazilian retailer Americanas SA got court approval for a debtor-in-possession ...
bloomberg.com/news/articles/2023-02-10/billionaire-trio-behind-americanas-to-lead-379-million-funding
Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record
bloomberg.com/news/articles/2023-02-07/americanas-amer3-auditor-pwc-scrutinized-after-4-billion-shortfall
Hedge Fund Verde Says It Was Victim of Brazil’s ‘Biggest Fraud Ever’: One of Brazil’s best-known hedge fund managers said it was stung by what it called the ...
bloomberg.com/news/articles/2023-02-06/hedge-fund-verde-says-victim-of-brazil-s-biggest-fraud-ever
Billionaire Jorge Paulo Lemann decides to return to Brazil because of the Americanas affair - The Rio Times
riotimesonline.com/brazil-news/brazil/billionaire-jorge-paulo-lemann-decides-to-return-to-brazil-because-of-the-americanas-affair/
3G Billionaires’ Personal Assets Targeted by Americanas Creditors: Top Brazilian banks that are creditors of distressed retailer Americanas SA plan to go after ...
bloomberg.com/news/articles/2023-02-02/billionaires-personal-assets-targeted-by-americanas-creditors
Mercado Libre should have a strong 4th quarter to take advantage of the market left by Americanas in Brazil - The Rio Times
riotimesonline.com/brazil-news/brazil/mercado-libre-should-have-a-strong-4th-quarter-to-take-advantage-of-the-market-left-by-americanas-in-brazil/
Americanas: Brazilian billionaires say they did not know about the billionaire gap - The Rio Times
riotimesonline.com/brazil-news/brazil/americanas-brazilian-billionaires-say-they-did-not-know-about-the-billionaire-gap/
Vanished $4 Billion Brings Down Century-Old Retailer in a Week: Hours after revealing a scandal that would roil Brazilian markets, Sergio Rial joined a Zoom call ...
bloomberg.com/news/articles/2023-01-20/vanished-4-billion-brings-down-century-old-retailer-in-a-week
Justice acceptt petition for judicial reorganization of Americanas, one of the largest retail chains in LatAm - The Rio Times
riotimesonline.com/brazil-news/brazil/justice-acceptt-petition-for-judicial-reorganization-of-americanas-one-of-the-largest-retail-chains-in-latam/
Americanas Scandal Pits Brazil’s Billionaires Against Each Other: The accounting scandal at retailer Americanas SA is getting personal for Brazil’s business ...
bloomberg.com/news/articles/2023-01-17/americanas-amer3-accounting-scandal-roils-btg-3g-billionaires
Brazilian Stock Exchange closes down for the 3rd day in a row - The Rio Times: For the third day in a row, the Ibovespa, the main index of the Brazilian Stock ...
riotimesonline.com/brazil-news/brazil/brazilian-stock-exchange-closes-down-for-the-3rd-day-in-a-row/
Americanas retailer overthrows largest fixed income fund in Brazil - The Rio Times
riotimesonline.com/brazil-news/brazil/brazil-americanas-retailer-overthrow-nubank-fixed-income-funds/
Americanas Meltdown Hits 3G Billionaires After $4 Billion Hole: Three of Brazil's richest businessmen have owned a stake in the retailer since 1982 and risk a ...
bloomberg.com/news/articles/2023-01-13/americanas-meltdown-hits-3g-billionaires-after-4-billion-hole
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