From Habib's to Casas Bahia, why are so many companies going bankrupt in Brazil?Photo by Priscila Tambuque on Pexels
Business

From Habib's to Casas Bahia, why are so many companies going bankrupt in Brazil?

BBC News Brasil27 August 2026 at 19:11

Brazil has registered a significant increase in judicial reorganization and bankruptcy filings by companies, with high interest rates being one of the main factors, but management errors — such as hasty expansions and poorly calculated cuts — are also being pointed out as important causes of this wave of business closures in the country.

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