You are here

As Brazil's consumers stay home, a mall operator goes shopping

Thursday, December 3, 2015 - 05:50

Sao Paulo

MALL operator Gazit-Globe, undeterred by the decline in Brazil's consumer demand, is going shopping.

The Brazilian unit of the Israeli real estate company said on Tuesday that it has bought a 4.3 per cent stake in Shopping Eldorado, a mall about two miles (three km) from