Magazine Luíza

#5282

Rank

$1.19B

Marketcap

Brazil

Country

Leadership team

Mr. Frederico Trajano Inacio Rodrigues (CEO & Member of Exec. Board)

Mr. Roberto Bellissimo Rodrigues (CFO, IRO & Member of Exec. Board)

Ms. Maria Isabel Bonfim de Oliveira (Chief Controller Officer & Member of Exec. Board)

Products/ Services

E-Commerce, Retail, Shopping

Number of Employees

20,000 - 50,000

Headquarters

Louveira, Sao Paulo, Brazil

Established

1957

Revenue

Above - 1B

Traded as

MGLU3.SA

Social Media

URL

https://www.magazineluiza.com.br

Overview

Location

Recognition and Award

References

Summary

Magazine Luiza S.A. engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. It sells technology products, appliances, electronics, telephony, furniture, gifts, and toys. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consumer financing and consortium services for the purchase of vehicles, motorcycles, home appliances, and real estate properties; and e-commerce of perfumes, cosmetics, sports, and fashion products. Further, the company provides integration, logistics, and technological solutions; and manages relation between merchants and marketplaces. It owns 1,481 stores and 26 distribution centers. The company was founded in 1957 and is headquartered in Franca, Brazil. Magazine Luiza S.A. is a subsidiary of LTD Administração e Participação S.A.

History

Magazine Luíza was founded in 1957 by Luiza Trajano de Carvalho in the city of Franca in São Paulo. With a vision of providing quality products at competitive prices, the company has since become one of the biggest department stores in Brazil. Magazine Luíza has been an innovator in the sector, introducing modern concepts such as online sales, self-checkouts, and other technological advancements throughout its stores.

Mission

Today, we work to make connectivity accessible to as many Brazilians as possible. Making it possible to buy smartphones, computers and connected TVs is to contribute to digital inclusion.

Key Team

Mr. Fabrício Bittar Garcia (VP of Operations & Member of Exec. Board)

Mr. Eduardo Galanternick (VP of Bus.)

Mr. Decio Sonohara (Exec. Director of Logistics & Member of Exec. Board)

Mr. André Fatala (VP of Platform & Member of Exec. Board)

Ms. Patricia Pugas (Exec. HR Director & Member of Exec. Board)

Mr. Luiz Fernando Rego (Exec. Director of Durable & Consumer Goods and Member of Exec. Board)

Mr. Leandro Soares (Exec. Director of Marketplace & Member of Exec. Board)

Recognition and Awards

Magazine Luíza has been recognized for its performance on several occasions. In 2006, it was awarded the Summit International Silver Award for best retail website and the ABF Award for best retail store in 2015. It has also received awards for Corporate Social Responsibility.