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United Kingdom

Gabriela Mello

Dutch fashion retailer C&A hires banks for Brazilian subsidiary IPO: paper

23 Aug 2019

SAO PAULO Cofra Holdings, the controller of Dutch fast-fashion retailer C&A, has hired six banks to manage an initial public offering of its Brazilian subsidiary, newspaper Valor Economico reported on Friday, citing two unnamed sources.

Nestle to invest almost $250 million in Brazil over the next three years

21 Aug 2019

SAO PAULO Nestle SA said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil's Sao Paulo state over the next three years to introduce new production lines and technologies in existing factories, as well as push forward a digital transformation.

Brazil securities regulator ramps up Vale dam disaster probe

20 Aug 2019

SAO PAULO Brazil's securities regulator CVM said on Monday it has opened up an additional investigation into whether executives of iron ore miner Vale SA breached their fiduciary duties in relation to a January dam collapse which killed nearly 250 people.

UPDATE 1-Brazil's Natura sees protests dragging business in Hong Kong

15 Aug 2019

SAO PAULO, Aug 15 Brazilian cosmetics firm Natura&Co sees a stronger performance in its operations in Asia, except for Hong Kong, where both The Body Shop and Aesop brands have been affected by recent protests, executives said on Thursday.

UPDATE 1-Brazil's Natura Q2 profit more than doubles, beats estimates

15 Aug 2019

SAO PAULO, Aug 14 Brazilian cosmetics group Natura SA said on Wednesday its second-quarter net profit more than doubled from a year ago, slightly above market expectations, helped by solid sales growth in all segments as well as cost cuts.

UPDATE 1-Brazil retailer Magazine Luiza Q2 profit jumps 175%

13 Aug 2019

SAO PAULO, Aug 12 Brazilian electronics and appliance retailer Magazine Luiza SA said on Monday its second-quarter net profit almost tripled year-on-year, helped by non-recurring tax credits and strong sales driven largely by e-commerce.

Germany to cut 35 million euros in funds to Brazil for Amazon preservation - newspapers

11 Aug 2019

SAO PAULO Germany decided to suspend 35 million euros (32.6 million pounds) in funds sent to Brazil to finance projects aimed at preserving the Amazon forest due to increasing deforestation, Brazilian media outlets reported on Saturday.

China's Huawei to invest $800 million in new Brazil factory

09 Aug 2019

SAO PAULO Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil's Sao Paulo state over the next three years, the governor said, as the Chinese tech giant ramps up its Latin American presence against U.S. objections.

Nokia says Brazil 5G auction may be world's biggest yet

06 Aug 2019

SAO PAULO Finnish telecoms equipment maker Nokia Oyj expects Brazil to host the world's biggest-ever single auction for fifth-generation (5G) spectrum next year, a senior executive told Reuters.

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