Samiksha Jaiswal (Editor)

Casa and Video

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Type
  
Private

Headquarters
  
Rio de Janeiro, Brazil

Website
  
casaevideo.com.br

Number of employees
  
3,500 (2010)

Industry
  
Retail

Number of locations
  
79 stores (2014)

Founded
  
1988

Casa & Video httpsmedialicdncommediap10050873c037a1

Casa & VĂ­deo (also written CASA&VIDEO) is a department store chain, founded in Rio de Janeiro in 1988. Currently, the company has 79 stores in 28 municipalities of the state of Rio de Janeiro.

The business begun in 1988, when a store was opened in the 5th floor of a building in Copacabana, selling television mounts and, soon later, ceiling fans. The name of the store came from these products they used to sell: CASA ("Home", in Portuguese), from the utility of the fans, and VIDEO, from the TV mounts.

In 2008, when it had 70 stores, became involved in a financial crisis after the arrest of executives and seizure of goods by Federal Police. The chain then had its assets and liabilities disposed judicially.

The chain resumed operations in 2009, as part of a judicial reorganization plan. Lojas Americanas negotiated the purchase of Casa & Video, but the deal did not happen.

References

Casa & Video Wikipedia