Economy & Business - October 2026

Casas Bahia, one of the country’s historic brick-and-mortar leaders in sales of white goods, filed for bankruptcy protection in São Paulo on 16 August, just days after announcing dramatic cuts to the size of its staff and sales outlets. It is the latest of several big-name Brazilian companies, including various traditional retailers, that have run into financial trouble and filed for protection from creditors, highlighting the country’s difficult business environment in certain industries.