US based Starbucks Corporation Friday announced the completion of a deal that will see it acquire Starbucks Brazil. In the deal, Starbucks Corporation will acquire 100% ownership and another 100% operating control of Brazil’s Starbucks via a takeover of Cafes Sereia do Brasil Participacoes SA. The move is aimed at expanding its foothold into the [...]

Localiza Rent a Car, a local Brazilian auto rental company based in Belo Horizonte state said Monday that it plans to invest about $1.4 billion for investments geared at revamping its provision of services. According to the announcement, the company will invest 2.5 billion reals, an equivalent of the $1.4 billion for the purchase of [...]

Brazilian giant home appliances retailer, Magazine Luiza, Wednesday denied speculations that it is in talks with its two rivals over a potential takeover. Speculation had been rife, particularly from the Brazilian newspaper, Valor Economico, that Magazine Luiza had entered talks to expand its business in the country by purchasing 100% stake in its rivals in [...]

LVMH Moet Hennessy Louis Vuitton, the French luxury goods giant, reported that it had made an acquisition investment for a controlling stake in Sack’s. The investment deal will see the French luxury goods giant acquire a 70% controlling stake in the Brazilian firm, Sack’s, the online beauty retailer. LVMH Moet Hennessy Louis Vuitton hopes the [...]