Andre Covre News Today

CEO Sergio Rial resigned less than two weeks after taking the job citing the discovery of nearly $4bn in 'accounting inconsistencies'

Americanas, backed by the billionaire trio that founded 3G Capital, said in a securities filing that it will restructure debts of about 43 billion reais ($8.23 billion). Shares in the company plunged more than 25% to 1.30 real following news of the filing, extending its year-to-date drop to roughly 87%.

Brazilian retailer Americanas SA on Thursday filed for bankruptcy protection, days after uncovering nearly $4 billion in accounting inconsistencies and amid a legal feud with creditors.

Fitch Ratings downgraded Americanas SA long-term foreign currency and local currency ratings into junk territory on Tuesday following the announcement of an injunction protecting the Brazilian

Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer had resigned after the discovery of around 20 billion reais in accounting inconsistencies.... | January 11, 2023

Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting

Shares in Brazilian retailer Americanas SA fell as much as 90% in a pre-market auction on Thursday after its chief executive officer resigned citing the discovery of "accounting inconsistencies"

SAO PAULO -Shares in Brazilian retailer Americanas SA fell more than 75% on Thursday after its chief executive officer resigned citing the discovery of accounting inconsistencies totaling 20 billion...