The shares of clothing retailer Lojas Marisa collapsed again on the stock exchange this Thursday (9), renewing historic lows after the company said it seeks to restructure its debt.
At 1:31 pm (Brasília time), the action plummeted 18.87%, at 0.86 real, heading for the fifth straight decline, while the Ibovespa dropped 1.28%. This is the first trading session in which the retailer’s stock is trading below 1 real since Marisa debuted on the stock exchange in 2007.
The devaluation comes after Marisa said on Tuesday night that she hired BR Partners to advise her on renegotiating her financial debt and Galeazzi Associados to support her in improving the cost structure. The stock fell 6.2% on Wednesday.
The company had 566 million reais in net debt at the end of the third quarter, the most current public figure.
In addition to the financial restructuring, Marisa also announced the resignation of Adalberto Pereira Santos as chief executive. The commercial vice president, Alberto Kohn de Penhas, assumes the presidency on an interim basis, according to the company.
The paper accumulates a drop of around 29.6% in 2023, after plummeting 67.1% last year.
Source: CNN Brasil
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