Brazilian e-commerce
Americanas caught in a $3.88 accounting scandal.
•CFO resigns
•CEO resigns
“Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer had resigned after the discovery of around 20 billion reais ($3.88 billion)”
Americanas caught in a $3.88 accounting scandal.
•CFO resigns
•CEO resigns
“Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer had resigned after the discovery of around 20 billion reais ($3.88 billion)”
Americanas is the second biggest e-commerce player in Brazil with 134.58 million monthly visitors.
Mercado livre is the biggest players with an estimated 260.93 million monthly visitors.
Mercado livre is the biggest players with an estimated 260.93 million monthly visitors.
With the whole management changing, the fine they can expect and the broken trust in the company, this leaves $MELI as the leader to take part of the market share.
One of my favorite businesses which I bought over the last year.
One of my favorite businesses which I bought over the last year.
Brazil represents the majority of Mercado’s revenues.
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