Casas Bahia Calls Shareholder Vote to Ratify Judicial Recovery

Brazilian retailer Grupo Casas Bahia has scheduled an October 19 shareholder assembly to ratify its judicial recovery filing from August, a formal step in Brazil's bankruptcy protection process. The vote also covers board composition changes and statute updates following capital increases. This signals continued financial distress for the company, though the market impact is limited to the firm and its creditors.