After the Americanas debacle in Brazil, it’s the turn of retailer Tok & Stok 

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After Americanas and Marisa stores revealed debts and financial difficulties, Tok & Stok – a furniture and home furnishings retailer- is seeking a restructuring process.

The information was published this Thursday (16) by Valor Econômico newspaper.

According to the report, the company hired Alvarez & Marsal, a specialized restructuring firm, to help it seek a solution to its indebtedness and negotiate with creditors.

According to the newspaper, there was a misreading of the company during the pandemic, which grew a lot in 2020.

However, the same growth was not observed in 2021 and 2022.

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