| Founded | 2006 |
|---|---|
| Closed | 2023 |
| Country | Brazil |
| Sector | Ecommerce |
| Total raised | ~R$8B raised |
| Collapse type | Fraud Explosion |
| Founder | Sergio Rial (exposer) / Miguel Gutierrez (accused) |
Americanas SA
"Brazil's largest retail empire hid R$20 billion off-balance-sheet until a CEO discovered it on day 10"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Americanas SA was formed in 2021 through the merger of B2W Digital (Americanas.
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