48991
Magazine Luiza S/A.
Jun 4, 2025
Brazil
Latin America and the Caribbean
Mar 27, 2025
B - Limited
Active
Jul 4, 2025
Regional Industry MAS LAC & EUR
other
Approved : Mar 27, 2025
Signed : Apr 11, 2025
Invested : Jun 27, 2025
other
Magazine Luiza S.A (“Magalu” or the “Company”) is the largest brick-and-mortar retailer in Brazil, with a nationwide presence and the second-largest e-commerce retailer in the country, holding a 17 percent market share as of 2023. IFC’s proposed financing would enhance Magalu’s technology infrastructure to strengthen its marketplace, logistics, and service ecosystem. The project will also benefit local suppliers by integrating underserved MSMEs into Magalu’s marketplace, giving them access to a wider consumer base, digital tools and infrastructure. Additionally, the Project will be gender-tagged to reflect Magalu's commitment to increase female representation within its technology department. The IFC investment will be structured as an incentive-based loan, with Magalu committing to significantly increase its e-waste collection and recycling efforts over the next five years.
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Local Access of Project Documentation
R. Maria Prestes Maia, 300 - Vila Guilherme, São Paulo - SP, 02047-000