Brazil: Major Fraud Scandal Involves Big Alcohol Owners
Posted on January 27, 2023 in AB InBev, Sabotage, Brazil, BrazilBrazilian retail company Americanas has filed for bankruptcy protection. The company, which operates a chain of department stores and an e-commerce platform, has been struggling financially due to a combination of factors, including the COVID-19 pandemic and an economic recession in Brazil. The filing will allow the company to restructure its debt and potentially avoid liquidation. The company has also announced a plan to close some of its stores.