Americanas Closes 88 stores until Aug.; Has 16 Eviction Actions

Retailer in judicial recovery closed 88 stores in the period between January and August, 2023, according to monthly report of activities, prepared by the retailer’s judicial administrators.

• As of August 31, 2023, the company had 1,794 stores in operation, according to the report released on October 1.
• Document informs that there are currently 16 eviction actions underway against the company, with two stores, in the Plaza Sul (São Paulo) and Nova Cidade (Espirito Santo) shopping malls, having their forced evictions carried out
  • Eviction lawsuits are filed due to non-payment of claims, and in some of these cases, the recovering companies ...