Houses Bahia Negotiates with Creditors and Suppliers to Try to Keep Stores and Shops Open

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While awaiting a decision from the Justice of São Paulo on its request for judicial recovery, the Casas Bahia Group has already begun negotiations with creditor groups. With debts of R$ 17.3 billion, the retailer has concentrated efforts, according to people aware of the discussions, in the maintenance of the stocks and in the continuity of its operations to keep the stores open. There are reports from suppliers suspending the delivery of goods …