Brazilian Retailer Americans Ends Bankruptcy

Brazilian retail company Americans has announced that the Rio de Janeiro court has approved the termination of the bankruptcy protection procedures it had filed for earlier in 2023, following the discovery of accounting irregularities amounting to billions of dollars, which resulted from fraudulent practices by a previous management. The court has issued formal charges against 12 former executives of the company, while Americans remains committed to continuing its growth, strengthening business sustainability, and enhancing the customer experience.

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