LatinNews Daily - 20 October 2026

*Brazilian retail giant Lojas Americanas has concluded the proceedings for its restructuring process resulting from its bankruptcy filing in 2023. The scandal-ridden retailer, which has faced fraud allegations, released a statement yesterday to inform shareholders and the market that a state court in Rio de Janeiro had formally declared the end of the bankruptcy proceedings. It announced the “fulfilment of all obligations” in a “judicial reorganisation plan” that was approved by the court and creditors in 2024. Americanas hailed the decision yesterday as an “important milestone” which “ushers in a new phase” for the business. The struggles of Americanas also come amid a broader crisis in Brazil’s retail sector driven by a range of factors such as digital disruption and the economic impacts of the coronavirus (Covid-19) pandemic, with another major traditional retailer, Casas Bahia, also declaring bankruptcy in August this year.

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