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Brazil News
PwC’s Auditing Record Is Under Scrutiny After Americanas’ $4 Billion Accounting Scandal
Consumer and corporate activism associations Abradecont and Ibrasg both filed lawsuits against PwC in the past few days, with the former requesting a freeze on the auditor’s assets
Brazil News
Americanas’ Downfall Drags 8,000 Creditors Including Big Local, Global Banks
Creditors listed may include holdings of passive funds, which have little choice in what they buy or sell, as well as names of custodians or administers that don’t necessarily own the debt
Brazil News
Americanas May Seek Bankruptcy Protection Within ‘Hours’
The announcement comes just eight days after the revelation of 20 billion reais in accounting “inconsistencies,” which sparked a massive sell-off in its stocks and bonds
Brazil News
Americanas’ $4 Billion Meltdown Hits 3G Billionaires Lemann, Telles, Sicupira
Three of Brazil's richest businessmen have owned a stake in the retailer since 1982 and risk a reputational stain after accounting irregularities
Brazil News
Brazilian Beer Billionaires Close Ranks with Paulo Lemann’s 3G
The Santo Domingo family has partnered with 3G on at least three earlier occasions, according to data compiled by Bloomberg
Brasil en español
Familia Santo Domingo eleva apuesta en brasileña 3G Capital de Jorge Paulo Lemann
La dinastía latinoamericana hizo su fortuna con la producción de cerveza y ahora busca expandirse por fuera de ella