Stay in Touch
To keep in touch, please sign up to the Milltrust Ventures Newsletter for our latest news and insights.
The Road Ahead for EM
by Eric Anderson, Senior Portfolio Manager
October was the worst month for global equity markets since May 2012 and the worst month for global Emerging Markets since May 2015. Risk-off mood dominated Emerging Markets triggered by declines in U.S. equities, amid various uncertainties including U.S.-China trade frictions.
Where does that leave us today:
Lojas Americanas is a Brazilian retail chain founded in 1929 in the city of Niterói, Rio de Janeiro. Currently, the company has 1306 stores in all 26 Brazilian states and in the Brasília-area Federal District. The network sells over 80 thousand items of four thousand different companies. In January 2007, Lojas Americanas acquired the Brazilian operations of the network of video rental Blockbuster for R$186.2 million and adapted to store the model Americanas Express.