Who Owns Casas Bahia? What to Know About the Retailer's Ownership
Listen to the story
Casas Bahia is a big store company in Brazil. It sells things like furniture and electronics. Now, people want to know who owns it.
The company asked for judicial reorganization. This means a company has money problems. A court helps the company pay its debts.
After this news, a real estate fund called HSLG11 fell by 9%. A fund is a way to put money together and invest it. This fund lost a lot of value fast.
A man named Michael Klein is a creditor of Casas Bahia. A creditor is someone who the company owes money to. He must vote on the company's restructuring plan. This is a plan to fix the company's money problems.
Many people want to understand who controls Casas Bahia today. The story looks at the company's owners and its money troubles.
Vocabulary15 words
- judicial reorganization
- when a court helps a company with money problems
- real estate fund
- a way many people put money together to buy buildings or land
- creditor
- a person or group that a company owes money to
- restructuring plan
- a plan to fix a company's money problems
- owns
- has control of something
- controls
- has the power to decide what happens
- furniture
- things like beds, tables, and chairs
- electronics
- things like TVs and phones
- fell
- went down
- value
- how much something is worth
- owes
- must give money back
- vote
- choose an option in a decision
- problems
- difficult situations
- company
- a business
- money
- cash used to buy things
Quiz
Answer key
1. Judicial reorganization 2. It fell 9% 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Casas Bahia is a big store company in Brazil. It sells things like furniture and _____.
The company asked for _____ reorganization. This means a company has money problems.
After this news, a real estate fund called HSLG11 fell by _____%.
A man named Michael Klein is a _____ of Casas Bahia.
He must _____ on the company's restructuring plan.
This is a plan to fix the company's _____ problems.
Many people want to understand who _____ Casas Bahia today.
The story looks at the company's _____ and its money troubles.