Magazine Luiza SA. Stock Analysis MGLU3.SA

Magazine Luiza SA is a technology and logistics company focused on the retail sector. The company is headquartered in Franca, Sao Paulo. The company went IPO on 2011-04-28. The firm's activities are divided into four business lines: Retail, through physical stores and E-commerce sells various consumer goods, including home appliances, electronics, furniture, cosmetics, baby care accessories, toys and sport articles, among others; Luizacred, which offers products such as the credit cards, consumer credits, personal loans, payroll loans; Luizaseg, offering insurance and extended product's warranty; and Consortium Management, providing customers access to its so-called letters of credit through Consorcio Luiza. The firm owns several subsidiaries, such as Magalog Servicos Logisticos Ltda and Campos Floridos Comercio de Cosmeticos Ltda.