Americanas controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
2025
Fraud charges against former executives
Brazilian federal prosecutors charged former executives over alleged fraud associated with the accounting crisis. The allegations remained subject to legal proceedings. Brazilian federal prosecutors reportedly charged several former executives in connection with the accounting irregularities, including former chief executive Miguel Gutierrez and former executives Anna Saicali, José Timotheo de Barros, and Márcio Cruz Meirelles.
2023
Accounting inconsistencies and corporate collapse
Americanas disclosed approximately 20 billion Brazilian reais in accounting inconsistencies. The disclosure led to the resignation of CEO Sergio Rial, judicial reorganization in Brazil, United States bankruptcy proceedings, creditor disputes, and investigations. The company disclosed accounting inconsistencies of approximately 20 billion Brazilian reais. The disclosure led to the resignation of chief executive Sergio Rial, judicial reorganization in Brazil, a United States bankruptcy filing, and investigations involving former executives and securities matters.
2013
Labor conditions involving BASIC+ production
Lojas Americanas was ordered to pay compensation related to clothing production for its BASIC+ brand, after workers in Bolivia were found to have been employed in conditions described in the proceedings as slave-like.