Leverage • Guararapes

GUAR3

Guararapes Confecciones S.A. is an integrated group operating in Brazil in the fashion retail, financial services and real estate sectors. Its main operation is the Riachuelo chain of department stores, which sells a portfolio of clothing, homewear and beauty products, with part of the apparel produced in its own factory. The group also operates independent store formats for its Casa Riachuelo and Carter's brands. In the financial services segment, its subsidiary Midway offers credit products such as the Riachuelo Card and personal loan, which are integrated into the retail shopping experience. The company has a national presence with hundreds of stores across Brazil, as well as an e-commerce operation. In addition, Guararapes has a real estate segment that includes the operation of the Midway Mall and the ownership of a portion of its stores.