Magazine Luiza surpasses Carrefour and is more valuable handbag retailer

The Magazine Luiza's brazilian retail company with the highest market value in B3. With the price of papers in high, on expectations of good results from the front and in the wake of the recent mood of the stock market, the network exceeded the R $30 billion value and overcame the Carrefour as the most valuable retail company in the stock market. Since the beginning of October, the roles of seller of electronics and furniture rose more than 30%. Just this year, the company discharged more than 100%. In a report published this week, Itaú BBA designed 24% growth in profit of the retailer, which publishes its third quarter results on November 5.