Bloomberg Brazilian shopping chain Americanas SA filed for Chapter 15 bankruptcy, a move that protects its US assets while insolvency proceedings play out in its home country. Representatives for Americanas filed the bankruptcy petition in Manhattan. Chapter 15 bankruptcy filings stop creditors from seizing a company’s assets in the US. The retailer nosedived in January after becoming mired in ...

  Bloomberg Billionaire hedge fund manager and activist investor Bill Ackman is buying a minority stake in Bremont as the UK luxury watchmaker looks to expand in the fast-growing US market. Ackman is teaming with Bremont’s controlling shareholder, Hellcat LP, to invest a combined $60 million in Bremont, the watchmaker said in an emailed statement. The investment shows confidence in ...

Bloomberg Tesla Inc. reported better-than expected profits in the latest quarter, even as it gave mixed signals on the outlook for growth in vehicle deliveries. The EV market leader said it would increase output “as quickly as possible” — in line with previous guidance for average annual growth of 50% over multiple years. However, Tesla said it’s on track to ...