• Home
  • Tags
  • Grupo SBF

Grupo SBF news and archive

Member
Business

Netshoes confirms merger with Magazine Luiza

Brazilian sportswear e-commerce giant Netshoes has finally confirmed its merger with compatriot Magazine Luiza after a long dispute for the acquisition of the company between Magazine Luiza and Grupo SBF. Magazine Luiza shall pay 3.70 US dollars per share or 115 million US dollars -- almost twice as much as the initial offer made in April ,...

loading...

Member
Business

Companies battle to acquire Brazil’s Netshoes

There’s something about Netshoes, the Brazilian sportswear e-tailer. Two companies are battling to acquire the ailing nineteen-year-old business, which used to be Latin America’s largest in its segment but failed to turn a profit and has seen its shares drop by 85 percent since its IPO at the New York Stock Exchange in 2017. The first contender...

loading...