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Casas Bahia files for judicial recovery after R$ 10.1 billion loss
Casas Bahia has filed for judicial recovery in São Paulo to restructure its debt following a massive R$ 10.1 billion net loss in the second quarter of 2026. The filing includes the holding company and several subsidiaries, such as Cnova, Bartira, and Casas Bahia Tecnologia.
The company's negative net equity has reached R$ 8.1 billion. To combat the financial deterioration, the retailer has closed 298 physical stores, representing approximately 29% of its network, and has laid off between 1,900 and 3,000 employees.
Management attributes the crisis to high interest rates, credit restrictions, and increased competition for household budgets from online betting (bets). Despite the losses, net revenue grew 1.6% to nearly R$ 7 billion during the quarter. The restructuring aims to prioritize profitability and cash generation while reorganizing the group's capital structure.
Entities
Bartira · Casas Bahia · Cnova · EY · São Paulo
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The company laid off approximately 1,900 to 2,000 employees. www.brasilemfolhas.com.br · www.diariodocentrodomundo.com.br · www.tribunadigital.com.br
- [● 4 SOURCES] Casas Bahia is evaluating a formal reorganization of its liabilities, including potential judicial or extrajudicial recovery. www.brasilemfolhas.com.br · www.diariodocentrodomundo.com.br · veja.abril.com.br · www.tnh1.com.br
- [● 5 SOURCES] The company reported a net loss of R$ 10.1 billion in the second quarter of 2026. www.brasilemfolhas.com.br · www.diariodocentrodomundo.com.br · veja.abril.com.br · www.tnh1.com.br · bpmoney.com.br
- [● 2 SOURCES] The retailer closed 298 physical stores, representing nearly 29% of its network. www.brasilemfolhas.com.br · www.tribunadigital.com.br
- [● 3 SOURCES] The company's negative net equity reached R$ 8.1 billion. www.brasilemfolhas.com.br · www.diariodocentrodomundo.com.br · www.tnh1.com.br
- [● 2 SOURCES] The company's net debt stood at R$ 1.2 billion at the end of June. www.diariodocentrodomundo.com.br · www.tnh1.com.br
- [● 2 SOURCES] High interest rates and competition for household budgets from online betting (bets) contributed to the crisis. veja.abril.com.br · www.brasilemfolhas.com.br
- [● 2 SOURCES] Net revenue grew 1.6% in the quarter, reaching nearly R$ 7 billion. www.brasilemfolhas.com.br · bpmoney.com.br