Máquina de Vendas: Difference between revisions

Máquina de Vendas Brasil S.A.
Company type	Sociedade Anônima
Industry	Retail
Founded	2010
Headquarters	São Paulo, Brazil
Number of locations	660
Key people	Ricardo Nunes, (CEO)
Products	Furniture, Electronics
Revenue	US$ 1.7 billion (2016)
Net income	- US$ 200. 6 million (2016)
Number of employees	26,370
Website	www.maquinadevendas.com.br

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Máquina de Vendas is the one of largest Brazilian retail company together with GPA, Viavarejo, Lojas Americanas and others. The company was founded in 2010 through the merges of two retail companies, being the Belo Horizonte-based Ricardo Eletro and Salvador-based Insinuante.^[1]

Currently the company has more than 490 stores in 442 cities in 20 Brazilian states. The company offers through its subsidiaries 4,5 thousand items in their stores and over 50 thousand items through their websites for electronic commerce. The company competitors includes Viavarejo, Magazine Luiza, Lojas Americanas and others.

Operations

The company has 7 distribution centers and 660 stores through Ricardo Eletro brand. Formerly the company had 1.050 stores divided into 6 brands: Ricardo Eletro, Insinuante, City Lar, Eletro Shopping, Salfer and MV Conect. Máquina de Vendas also operates as online retailer through the Ricardo Eletro brand.

In October 2017, Máquina de Vendas reached an accord with its banks (Banco Itaú Unibanco, Banco Bradesco and Banco Santander) to essentially transfer all its debt (R$1.5 billion) to its shareholders without recourse to the company.^[2]^[3] In mid-2018, Starboard Capital invested $131 million via the purchase of convertible bonds^[4] giving Starboard at 72.5% ownership interest.^[5] As part of Starboard's investment, their suppliers provided $800 million in new credit.

Brands

Current:

pt:Ricardo Eletro - HQ; Belo Horizonte - 660 stores

Former:

pt:Insinuante - HQ; Salvador - 228 stores
pt:City Lar - HQ; Cuiabá - 224 stores
pt:Eletro Shopping - HQ; Recife - 138 stores
pt:Salfer - HQ; Joinville - 181 stores
MV Conect - HQ; São Paulo - 4 store

References

^ UPDATE 1-Brazil's Insinuante, Ricardo Eletro agree to merge - Reuters, Mar 29, 2010
^ "Máquina de Vendas fecha acordo de R$ 1,5 bilhão com bancos - Dona da Ricardo Eletro fica livre de dívidas, que passam para os acionistas" (in Portuguese). Pequenas Empresas & Grandes Negócios. October 31, 2017.
^ "Máquina de Vendas gets R$800m in new credit from suppliers". International Valor. August 21, 2018.
^ "Starboard, Apollo seek to invest $131 million in Brazil retailer: source". Reuters. June 8, 2018.
^ Luíza Filgueiras, Maria (August 3, 2018). "Starboard terá 72,5% da Máquina de Vendas". Reuters (in Portuguese).

[1] UPDATE 1-Brazil's Insinuante, Ricardo Eletro agree to merge - Reuters, Mar 29, 2010

[2] "Máquina de Vendas fecha acordo de R$ 1,5 bilhão com bancos - Dona da Ricardo Eletro fica livre de dívidas, que passam para os acionistas" (in Portuguese). Pequenas Empresas & Grandes Negócios. October 31, 2017.

[3] "Máquina de Vendas gets R$800m in new credit from suppliers". International Valor. August 21, 2018.

[4] "Starboard, Apollo seek to invest $131 million in Brazil retailer: source". Reuters. June 8, 2018.

[5] Luíza Filgueiras, Maria (August 3, 2018). "Starboard terá 72,5% da Máquina de Vendas". Reuters (in Portuguese).

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@@ Line 1: / Line 1: @@
+{{Expand Portuguese|Máquina de Vendas|date=August 2018}}
-{{Infobox company |
+{{More citations needed|date=November 2019}}
-  name   = Máquina de Vendas Brasil S.A.|
-  logo   = [[File:Máquina de Vendas logo.svg|200px]] |
+{{Infobox company
-  type   = [[S.A. (corporation)|Sociedade Anônima]] |
+| name   = Máquina de Vendas Brasil S.A.
-  industry      = [[Retail]] |
+| logo   = Máquina de Vendas logo.svg
-  foundation     = 2010|
+| logo_size = 200px
-  location       = [[São Paulo]], [[Brazil]]|
+| type   = [[S.A. (corporation)|Sociedade Anônima]]
-  key_people     = Ricardo Nunes, <small>([[CEO]])</small> <br> Erivelto Gasques, <small>([[Chairman]])</small>|
+| industry      = [[Retail]]
-  num_employees  = 30.000|
+| foundation     = 2010
-  products       = [[Furniture]], [[Electronics]]|
+| location       = [[São Paulo]], [[Brazil]]
-  revenue  = {{profit}} [[United States dollar|US$]] 5.0 billion <small>(2012)</small>|
+| key_people     = Ricardo Nunes, <small>([[CEO]])</small>
-  homepage       = [http://www.maquinadevendas.com.br/ www.maquinadevendas.com.br]
+| num_employees  = 26,370
+| locations        = 660
+| products       = [[Furniture]], [[Electronics]]
+| revenue  = {{decrease}} [[United States dollar|US$]] 1.7 billion <small>(2016)</small>
+| net_income= {{decrease}} - [[United States dollar|US$]] 200. 6 million <small>(2016)</small>
+| homepage       = [http://www.maquinadevendas.com.br/ www.maquinadevendas.com.br]
 }}
-'''Máquina de Vendas'''  is the fourth largest Brazilian retail company, after [[Grupo Pão de Açúcar]], [[Viavarejo]] and [[Lojas Americanas]]. The company was founded in 2010 through the merges of two retail companies, being the [[Belo Horizonte]]-based '''Ricardo Eletro''' and [[Salvador de Bahia|Salvador]]-based '''Insinuante'''.<ref>[http://www.reuters.com/article/2010/03/29/brazil-retail-merger-idUSN2911171420100329 UPDATE 1-Brazil's Insinuante, Ricardo Eletro agree to merge - Reuters,  Mar 29, 2010]</ref>
+'''Máquina de Vendas'''  is the one of largest Brazilian retail company together with [[Grupo Pão de Açúcar|GPA]], [[Viavarejo]], [[Lojas Americanas]] and others. The company was founded in 2010 through the merges of two retail companies, being the [[Belo Horizonte]]-based '''Ricardo Eletro''' and [[Salvador de Bahia|Salvador]]-based '''Insinuante'''.<ref>[https://www.reuters.com/article/brazil-retail-merger-idUSN2911171420100329 UPDATE 1-Brazil's Insinuante, Ricardo Eletro agree to merge - Reuters,  Mar 29, 2010]</ref>
+Currently the company has more than 490 stores in 442 cities in 20 Brazilian states. The company offers through its subsidiaries 4,5 thousand items in their stores and over 50 thousand items through their websites for electronic commerce. The company competitors includes [[Viavarejo]], [[Magazine Luiza]], [[Lojas Americanas]] and others.
-Currently the company has more than 1.100 stores in 442 cities in all Brazilian states. The company offers through its subsidiairies 4,5 thousand items in their stores and over 50 thousand items through their websites for electronic commerce. The company's control is divided equally between Ricardo Nunes, former owner of Ricardo Eletro and Luiz Carlos Batista, former owner of Insinuante. The company competitors includes [[Viavarejo]] a subsidiary of [[Grupo Pão de Açúcar]], [[Magazine Luíza]], [[Lojas Americanas]] and others.
 == Operations ==
+The company has  7 distribution centers and 660 stores through Ricardo Eletro brand. Formerly the company had 1.050 stores divided into 6 brands: '''Ricardo Eletro''', '''Insinuante''', '''City Lar''', '''Eletro Shopping''', '''Salfer''' and '''MV Conect'''. Máquina de Vendas also operates as online retailer through the Ricardo Eletro brand.
+In October 2017, Máquina de Vendas reached an accord with its banks ([[Itaú Unibanco|Banco Itaú Unibanco]], [[Banco Bradesco]] and [[Banco Santander]]) to essentially transfer all its debt (R$1.5 billion) to its shareholders without recourse to the company.<ref>{{Cite web|title= Máquina de Vendas fecha acordo de R$ 1,5 bilhão com bancos - Dona da Ricardo Eletro fica livre de dívidas, que passam para os acionistas|language=pt  |publisher=Pequenas Empresas & Grandes Negócios |date=October 31, 2017 |url=https://revistapegn.globo.com/Negocios/noticia/2017/10/maquina-de-vendas-fecha-acordo-de-r-15-bilhao-com-bancos.html  }}</ref><ref>{{Cite news|title=Máquina de Vendas gets R$800m in new credit from suppliers   |newspaper=International Valor|date=August 21, 2018 |url= https://www.valor.com.br/international/news/5753107/maquina-de-vendas-gets-r800m-new-credit-suppliers }}</ref> In mid-2018, Starboard Capital invested $131 million via the purchase of convertible bonds<ref>{{Cite news|title=Starboard, Apollo seek to invest $131 million in Brazil retailer: source   |newspaper=[[Reuters]]|date=June 8, 2018 |url= https://www.reuters.com/article/us-maquina-de-vendas-restructuring/starboard-apollo-seek-to-invest-131-million-in-brazil-retailer-source-idUSKCN1J42LY }}</ref> giving Starboard at 72.5% ownership interest.<ref>{{Cite news|first=Maria  |last=Luíza Filgueiras |title=Starboard terá 72,5% da Máquina de Vendas |newspaper=[[Reuters]]|date=August 3, 2018 |url= https://www.reuters.com/article/us-maquina-de-vendas-restructuring/starboard-apollo-seek-to-invest-131-million-in-brazil-retailer-source-idUSKCN1J42LY |language=pt}}</ref> As part of Starboard's investment, their suppliers provided $800 million in new credit.
-The company has more than 1.100 stores divided through its 5 brands: '''Ricardo Eletro''', '''Insinuante''', '''City Lar''', '''Eletro Shopping''' and '''Salfer'''. Máquina de Vendas also operates as online retailer through the  sales sites their brands.
 == Brands ==
+Current:
+* '''[[:pt:Ricardo Eletro]]''' - HQ; [[Belo Horizonte]] - 660 stores
+Former:
-* '''Ricardo Eletro''' - HQ; [[Belo Horizonte]] - 292 stores
-* '''Insinuante''' - HQ; [[Salvador de Bahia|Salvador]] - 228 stores
+* '''[[:pt:Insinuante]]''' - HQ; [[Salvador de Bahia|Salvador]] - 228 stores
-* '''City Lar''' - HQ; [[Cuiabá]] - 201 stores
+* '''[[:pt:City Lar]]''' - HQ; [[Cuiabá]] - 224 stores
-* '''Eletro Shopping''' - HQ; [[Recife]] - 145 stores
+* '''[[:pt:Eletro Shopping]]''' - HQ; [[Recife]] - 138 stores
-* '''Salfer''' - HQ; [[Curitiba]] - 210 stores
+* '''[[:pt:Salfer]]''' - HQ; [[Joinville]] - 181 stores
+* '''MV Conect''' - HQ; [[São Paulo]] - 4 store
 == References ==
 {{reflist}}
+Related - http://amaquinadevendas.online
 {{DEFAULTSORT:Maquina De Vendas}}
+[[Category:Companies based in São Paulo (state)]]
 [[Category:Companies based in Minas Gerais]]
 [[Category:Companies based in Bahia]]
 [[Category:Retail companies of Brazil]]
-[[Category:Companies established in 2010]]
+[[Category:Retail companies established in 2010]]
+[[Category:Brazilian brands]]
+[[Category:2010 establishments in Brazil]]
+[[Category:Companies that have filed for bankruptcy in Brazil]]