Brazil’s Hottest Stock Mixes Turnaround and Mom-And-Pop Boom
- Black Friday record cemented Via Varejo as best performer
- Increase in retail investors base also contributed for hike
Photographer: Dado Gadlieri/Bloomberg
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There’s a rising star in the record-breaking Brazil rally.
Shares of retailer Via Varejo SA have surged 156% since the beginning of the year, more than doubling in value since June 14, when a group of funds partnered with retail mogul Michael Klein to buy the firm’s shares at the auction of a stake owned by Casino’s Brazil subsidiary Cia Brasileira de Distribuicao, known as GPA.