Fnac takes a step back in Brazil.

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19 September 2017 à 12h23

Updated on 10 May 2019 à 17h38

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1 minute

Publication: 19 September 2017 à 12h23, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Publication

19 September 2017 à 12h23

Updated on 10 May 2019 à 17h38

Reading time

1 minute

Publication: 19 September 2017 à 12h23, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Fnac Group signed a sale agreement with the local retailer Livraria Cultura in June (undisclosed amount). Fnac has been present in Brazil since 1999, operating only 12 stores in the southernregions plus an online website. Livraria Cultura runs 18 bookshops plus a solid online business. “Fnac made an additional investment in order to make feasible the deal and its banner will stay present in Brazil via a franchising agreement with Livraria Cultura, said Marcos Gouvea de Souza, C.E.O of GS&MD...

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