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Michael Klein aims to retake chairman role in Brazil’s Casas Bahia

Summary by WTVB
SAO PAULO (Reuters) – Brazilian retail veteran Michael Klein has sent a proposal to retake his chairman position in Casas Bahia, the retailer his father founded in the 1950s, he said in a statement on Tuesday. Klein increased his stake in Casas Bahia to 10.4% and asked the firm to call a shareholders meeting to remove Renato Nascimento from the chairman position, electing him instead, the statement and two securities filings from the company sho…
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Michael Klein aims to retake chairman role in Brazil’s Casas Bahia

SAO PAULO (Reuters) – Brazilian retail veteran Michael Klein has sent a proposal to retake his chairman position in Casas Bahia, the retailer his father founded in the 1950s, he said in a statement on Tuesday. Klein increased his stake in Casas Bahia to 10.4% and asked the firm to call a shareholders meeting to remove Renato Nascimento from the chairman position, electing him instead, the statement and two securities filings from the company sho…

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Michael Klein proposes to return to Casas Bahia and buy shares

Businessman, who has been out of the company's board of directors for five years, started to hold 10.42% of the shares yesterday

·Brazil
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WTVB broke the news in on Wednesday, April 2, 2025.
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