Business · Companies · 2 hrs ago
Rio court ends Americanas’ bankruptcy restructuring
A court in Rio de Janeiro ended retailer Americanas’ court-supervised restructuring on Monday after finding it had met the plan’s obligations due within two years of its approval.
The company entered the process in January 2023 after revealing accounting fraud, with reported debts of about 43 billion reais.
The restructuring plan was approved in February 2024, but some creditors still dispute how they were paid.
In particular, foreign-currency bondholders say their debts were converted into reais without permission; the judge rejected their argument, while other payment disputes can continue in court.
Ending the process could open access to more credit and investment, which the company says had been limited during restructuring.
Americanas plans to continue selling assets and focusing on cash and operating results.
The company says it is preparing for Black Friday and the Christmas shopping season.
A Rio de Janeiro court ended Americanas’ judicial restructuring on Monday, finding that obligations due during the plan’s first two years had been met.
The decision covers Americanas and its subsidiaries B2W Digital Lux, JSM Global and ST Importações, and remains subject to appeals.
The court rejected objections from foreign bondholders and some suppliers, but creditors may still seek enforcement of the plan or the company’s bankruptcy over alleged non-compliance.
Americanas said the ruling marks a new stage for its business, while CEO Fernando Soares said it could help unlock credit and investment.
Americanas shares closed at R$5.97, up nearly 7%.
- Who
- Americanas and its subsidiaries B2W Digital Lux, JSM Global and ST Importações.
- What
- A Rio de Janeiro court ended the company’s judicial restructuring after finding that obligations due in the plan’s first two years had been met.
- When
- Monday, October 19, 2026.
- Where
- Rio de Janeiro, Brazil.
- Why
- The court found that obligations due within two years of the plan’s approval had been fulfilled, with support from the judicial administrator and Rio’s public prosecutor’s office.
Foreign bondholders
Americanas and the court
Currency conversion
Foreign bondholders
Bondholders argued their claims were converted from dollars to reais without authorization, resulting in lower payment.
Americanas and the court
The judge rejected the argument, saying the bondholders approved the plan and signed up for their chosen payment method.
Restructuring closure
Foreign bondholders
Bondholders objected to ending the process.
Americanas and the court
The court found the objections did not prevent closure because the relevant obligations had been met.
Americanas filed for judicial restructuring after disclosing accounting irregularities.
The restructuring plan was approved.
A Rio de Janeiro court ended the restructuring, finding that obligations due during the plan’s first two years had been met.
- Court
- Rio de Janeiro
- Plan approval
- February 2024
- Subsidiaries covered
- B2W Digital Lux, JSM Global and ST Importações
- Americanas share price
- R$5.97 at Monday’s close
- Share move
- Nearly 7% rise on Monday
- First-half 2026 sales
- Same-store sales grew 9.3%
6 sources
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Justiça decreta encerramento da recuperação judicial da Americanas
Justiça do RJ aprova fim de recuperação judicial da Americanas
Justiça encerra recuperação judicial da Americanas após três anos
What people are saying
A creditor cannot benefit from the payment method and then, after receiving payment, challenge the criterion that made it possible
The decision is positive for us and for the market as a whole
The conclusion of this stage marks an important milestone in the Company’s trajectory and opens a new stage in its business