About Magazine Luiza
Magazine Luiza is a company based in Louveira (Brazil) founded in 1957.. Magazine Luiza has completed 7 acquisitions, including Canaltech, GFL Logistica and Hub Prepaid.
- Headquarter Louveira, Brazil
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$6.15 B (USD)3.45as on Dec 31, 2024
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Net Profit
$72.55 M (USD)0as on Dec 31, 2024
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EBITDA
$422.01 M (USD)65.47as on Dec 31, 2024
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Latest Funding Round
$250.64 M (USD), Post-IPO
Mar 23, 2024
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Canaltech
& 6 more
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IPO & Listings of Magazine Luiza
Magazine Luiza is a publicly listed company on the BMFBOVESPA with ticker symbol MGLU3 in Brazil, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Gerente Team
38 people
Analista Team
16 people
Coordenador Team
11 people
Leadership Team
9 people
Especialista Team
9 people
Supervisor Team
7 people
Data Analysis and Operations Team
7 people
Human Resources and Administration
6 people
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Funding Insights of Magazine Luiza
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $250.6M
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First Round
First Round
(02 Aug 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Post-IPO - Magazine Luiza | Valuation |
investors |
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| Aug, 2021 | Amount | Post-IPO - Magazine Luiza | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magazine Luiza
Magazine Luiza has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Canaltech, GFL Logistica and Hub Prepaid. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Courier and logistics services are provided throughout Brazil.
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2019 | ||||
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Provider of solutions for managing logistics process
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2016 | ||||
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Prepaid cards and online payment solutions are provided for businesses.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magazine Luiza
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magazine Luiza Comparisons
Competitors of Magazine Luiza
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magazine Luiza
Frequently Asked Questions about Magazine Luiza
When was Magazine Luiza founded?
Magazine Luiza was founded in 1957 and raised its 1st funding round 64 years after it was founded.
Where is Magazine Luiza located?
Magazine Luiza is headquartered in Louveira, Brazil. It is registered at Louveira, Sao Paulo, Brazil.
What is the annual revenue of Magazine Luiza?
Annual revenue of Magazine Luiza is $6.15B as on Dec 31, 2024.
What does Magazine Luiza do?
Magazine Luiza was established in 1957 as a retail chain specializing in department stores. Operations are headquartered in Louveira, Brazil, with a focus on consumer goods distribution across the country. The companys online platform is accessible via magazineluiza.com.br. In 2020, annual revenues reached 5.7 billion, while net profit stood at 75.9 million, reflecting its position in the retail sector.
Is Magazine Luiza publicly traded?
Yes, Magazine Luiza is publicly traded on BMFBOVESPA under the ticker symbol MGLU3.
How many acquisitions has Magazine Luiza made?
Magazine Luiza has made 7 acquisitions, including Canaltech, GFL Logistica, and Hub Prepaid.
What is Magazine Luiza's ticker symbol?
The ticker symbol of Magazine Luiza is MGLU3 on BMFBOVESPA.