B2W announces US$250mn credit agreement with BNDES

Friday, November 11, 2011

Brazilian online retailer B2W Cia Global do Varejo, the holding company of the Americanas and Submarino websites, has announced a 439mn-real (US$250mn) financing investment agreement with national development bank BNDES.

A total of 281mn reais has already been invested over the year, particularly in operations and logistics, as well as technology, the company said.

Recently, the company launched the "soubarato.com" website to sell outlet products and created a same-day delivery service in São Paulo, Brazil's largest and wealthiest city.

Start your 15 day free trial now!


Already a subscriber? Please, login