Economy

Casas Bahia requests judicial recovery: understand the retailer's crisis and who is part of the group

By 365 Breaking News Editorial Team August 17, 2026 at 09:30 3 min read

365 Summary

This, however, was not the group's first attempt to seek financial restructuring and preserve its operations. The first signs of the crisis emerged in 2022, when the company began reporting repeated quarterly losses — a scenario that has worsened over the last few years.

Understand how the crisis began and what the Casas Bahia Group is Understand the Casas Bahia crisis The first signs of the Casas Bahia Group's crisis came to fruition in the third quarter...
At that time, the company had already started to close stores that were performing weaker than expected and was feeling pressure on sales, the result of an economy that was still weak due...

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Casas Bahia Disclosure/Casas Bahia The Casas Bahia Group reported last Sunday (16) that it filed a request for judicial recovery at the 2nd Bankruptcy and Judicial Recovery Court of the Central Civil Court of São Paulo. The request, according to the company, proved necessary given the worsening of the company's financial conditions, amidst the scenario of high interest rates in the country, which made credit more expensive and increased its financial costs, and weaker consumption, which reduced its ability to generate cash. This, however, was not the group's first attempt to seek financial restructuring and preserve its operations. The first signs of the crisis emerged in 2022, when the company began reporting repeated quarterly losses — a scenario that has worsened over the last few years. Understand how the crisis began and what the Casas Bahia Group is

Understand the Casas Bahia crisis The first signs of the Casas Bahia Group's crisis came to fruition in the third quarter of 2022, when the company reported the first of several quarterly losses. At that time, the company had already started to close stores that were performing weaker than expected and was feeling pressure on sales, the result of an economy that was still weak due to the Covid-19 pandemic. At the end of that year, amid the scenario of rising interest rates seen since 2021, the company was already talking about the search for profitability and more sustainable growth, focused on cash generation. Thus, in 2023, the company announced its Transformation Plan, focused exactly on these two pillars and with growth forecast after 2025. Transformation and extrajudicial recovery plan At the time, the president of Via, owner of the Casas Bahia and Ponto (formerly Ponto Frio) brands, Renato Horta Franflin, stated that the company already had a growth strategy focused on sales through digital media, in addition to opening new channels, expanding stores and investing in fintechs. "We understand that this was all done. We built a super platform, and it is already big. So, between investing to grow this platform further or taking and monetizing what I have here, we prefer to make money with what we have here", he says. Throughout that year, however, even with the closure of dozens more stores and thousands of service stations, the scenario proved challenging for Brazilian retail, which was still suffering from an environment of higher interest rates, more expensive credit and more indebted consumers — and with the Casas Bahia group it was no different. Thus, just eight months after announcing the plan, the Casas Bahia Group took the first step towards its financial restructuring and announced the request for extrajudicial recovery to extend and renegotiate its debts, then estimated at R$4.1 billion. Lengthened debts and new financial restructuring The approval of the group's extrajudicial recovery request came in April 2024, suspending all executions filed by creditors against the company for a period of 180 days. *This report is being updated