Brazil’s Americanas exits bankruptcy proceedings

SAO PAULO, Oct 19 (Reuters) A Rio de Janeiro court on ​Monday approved Brazilian ‌retailer Americanas formal conclusion of bankruptcy proceedings, the company said in a securities ‌filing. • ​Americanas unveiled ⁠accounting inconsistencies in ⁠early 2023 worth multi-billion dollars that led it to file for bankruptcy ​protection in Brazil. • The company claimed ⁠it had been ⁠impacted by fraudulent ​activities from its former ​management. • A Rio de ‌Janeiro court has turned 12 former executives of Americanas into defendants ⁠as part of the case. • In the filing, Americanas said ⁠it ‌is committed ⁠to growing its operations, ​sustainably ‌strengthening its business ​model, ⁠and enhancing customer experience. (Reporting by Igor Sodre and Andre Romani in Sao Paulo, Editing by Iñigo ​Alexander)