Casas Bahia has announced an agreement with its main creditors for an out-of-court reorganization.
This move comes against a backdrop of financial difficulties faced by retail companies. Americanas, for example, has also filed a lawsuit to try to restructure a debt of 40 billion reais.
In an interview with Rádio CBN, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency area, points out that the rise in interest rates and the slow recovery of consumption after the pandemic are factors that have affected the financial life of retailers.
The company’s recovery plan has the support of most of the creditors, but still needs to be ratified by the judicial system.
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