Magalu
Sector: Education • Location: Brazil
Source: International Finance Corporation (IFC)
Magazine Luiza S.A (“Magalu” or the “Company”) is the largest brick-and-mortar retailer in Brazil, with a nationwide presence and the second-largest e-commerce retailer in the country, holding a 17 percent market share as of 2023. IFC’s proposed financing would enhance Magalu’s technology infrastructure to strengthen its marketplace, logistics, and service ecosystem. The project will also benefit
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Magazine Luiza S.A (“Magalu” or the “Company”) is the largest brick-and-mortar retailer in Brazil, with a nationwide presence and the second-largest e-commerce retailer in the country, holding a 17 percent market share as of 2023. IFC’s proposed financing would enhance Magalu’s technology infrastructure to strengthen its marketplace, logistics, and service ecosystem. The project will also benefit local suppliers by integrating underserved MSMEs into Magalu’s marketplace, giving them access to a wider consumer base, digital tools and infrastructure. Additionally, the Project will be gender-tagged to reflect Magalu's commitment to increase female representation within its technology department. The IFC investment will be structured as an incentive-based loan, with Magalu committing to significantly increase its e-waste collection and recycling efforts over the next five years. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |