Brazilian Retailer Americanas Seeks Bankruptcy Exit

Brazilian retailer Americanas has filed a motion to exit bankruptcy protection. The company claims it met all obligations after restructuring its major debt.

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Americanas, a major retail chain in Brazil, has formally submitted a motion to a Rio de Janeiro court to exit its bankruptcy protection proceedings. The company announced on Wednesday that it has successfully met all the obligations established during the restructuring process, which began over three years ago.

Pedestrians walk past a Lojas Americanas storefront in Brasilia, Brazil, during the early stages of the company's financial crisis in January 2023. REUTERS/Ueslei Marcelino
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