PROJECT

Projects

Summary of Investment Information

Project Number

48991

Company Name

Magazine Luiza S/A.

Date SPI Disclosed

Jun 4, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 27, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 4, 2025

Department

Regional Industry MAS LAC & EUR

Industry

other

Previous Events

Approved : Mar 27, 2025
Signed : Apr 11, 2025
Invested : Jun 27, 2025

Sector

other

Project Description

 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.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation