April 8, 2020
Lojas Renner said on Monday that its board of directors approved a debenture sale for BRL500 million ($95.6 million) in the local market.
The Porto Alegre-based retailer will use the proceeds to maintain "minimum strategic cash flow," it said in a securities filing. The company announced on March 19 that it would close all its stores in Brazil, Argentina and Uruguay to help contain the spread of the coronavirus. It said on March 25 that it would not lay off employees without just cause "for an i
Brazilian retailer plans to raise $96 mln to maintain "minimum strategic cash flow" after closing stores to stem the coronavirus outbreak