Magazine Luiza acquired Brazilian ecommerce brand Netshoes for US$62m. As of June 14th, Valor Econômico has reported Magazine Luiza acquired Brazilian ecommerce brand Netshoes for US$115m. More information here. (Brazil…
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Brazil’s Magazine Luiza launches new PE fund headed by JP Morgan Vet Patricia Moraes and will invest wealth from controlling shareholders. Moraes will seek out minority stakes in Brazilian middle-sized companies valued at as much as 1.5 billion reais ($362 million).