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.
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.
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.
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.
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.
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.
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.
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.
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.