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[BUSINESS] · Brazil · 100 sources

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Grupo Casas Bahia files for judicial recovery with R$ 17.3 billion debt

Grupo Casas Bahia has filed for judicial recovery in São Paulo to restructure R$ 17.3 billion in debt. The filing includes ten companies within the group, such as Ponto Frio, Bartira, and the e-commerce platform Extra.com.

The company reported a net loss of R$ 10.1 billion for the second quarter of 2026, marking its eighth consecutive quarter of losses. This financial downturn is attributed to high interest rates, restricted access to credit, and a challenging macroeconomic environment for the Brazilian durable goods retail sector.

As part of a transformation plan to reduce costs and improve cash flow, the group has closed 298 stores and announced approximately 3,000 layoffs. The company is also seeking R$ 1 billion in DIP (debtor-in-possession) financing to replenish inventory and maintain operations during the restructuring process.

Entities

Bartira · Bradesco · Casas Bahia · Cnova Comércio Eletrônico · Comissão de Valores Mobiliários · Electrolux · Extra.com · Grupo Casas Bahia · Grupo Toky · Mapa Capital · Marabraz · Ponto Frio

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