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Justice decrees the bankruptcy of Ricardo Eletro

  • With a debt that reaches R$ 4 billion, plus R$ 1 billion in tax overdue, the company will again appeal the court decision.
This is the second decree in 26 days
This is the second decree in 26 days
By: SiiLA News
07/07/2022
A little less than a month after having managed to reverse the first court decision, the company was declared bankrupt again.
With a debt that reaches R$ 4 billion, plus R$ 1 billion in tax overdue, the company will again appeal the court decision.

At its peak, Ricardo Eletro had 1,200 stores in the country, with revenues of R$9.5 billion and 28,000 employees.


Read full story (in Portuguese).

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