Ribeiro files for bankruptcy

Ribeiro files for bankruptcy

Corporate & Sovereign Strategy Economy & Policy Debt Bonds Commerce Retail shopping Coronavirus Latin America South America Argentina

Minicuotas Ribeiro, a chain of home goods stores in Argentina, said late Monday that it has filed for bankruptcy protection as the country struggles to pull out of an economic crisis in its fourth year. "The decision was not easy for a family business that is more than 110 years old, which together with the country has overcome countless crises," CEO Manuel Ribeiro said in a statement. The company, which started out as a jewelry and watch store in 1910, expanded in the 1990s and 2000s to more th

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial