Like in Europe and in the U.S., the fierce retail competition generates winners and losers within mall operators. Brazil’s largest mall operator BR Malls is restructuring the Board of Directors and management, as Mister Carlos Medeiros resigned as C.E.O. and left the firm. BR Malls has seen several management changes over the past year, amid a deepening domestic economic crisis. Last year, Brazil’s G.D.P. decreased by 3.5% and Brazilian retail sales fell by 6.2%.
Iguatemi, as another...
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