Madero reduces debt and does not rule out IPO – Capitalist

Madero reduces debt and does not rule out IPO – Capitalist
Madero reduces debt and does not rule out IPO – Capitalist
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After reducing its debt by more than R$100 million in 2023 and recovering sales with the return of customers to restaurants after the pandemic, Grupo Madero plans to expand its business in 2024, with the opening of new stores and a faster growth from 2025 onwards.

Although it is no longer a priority, the possibility of carrying out an initial public offering (IPO) is still under consideration as an option to attract investment and boost business growth.

Madero was initially interested in holding an IPO in 2021, but that plan was delayed due to a lack of investor interest following rising interest rates.

The net

The Madero chain is a Brazilian company in the food sector, known especially for the Madero brand. Founded by Junior Durski in 2005, the company focuses on offering gastronomic experiences, standing out for its gourmet burgers and a unique atmosphere in its restaurants. Grupo Madero also includes other brands, such as Jeronimo, responsible for a more accessible fast-food proposal.

The network has grown significantly over the years, expanding its operations to different regions of Brazil and also internationally. In addition to the restaurant segment, Grupo Madero diversified its business to include areas such as hotels, with the Mabu Hotéis & Resorts brand.

IPO

The CEO of B3, Gilson Finkelsztain, recently announced that approximately 100 companies are in line to carry out an IPO (Initial Public Offering) in Brazil. He indicated that issuances will likely come from companies in more traditional and mature sectors, emphasizing that less focus is expected on presentations (PPT) and more on companies that have reached breakeven.

Finkelsztain indicated that the emissions agenda will likely begin with follow-ons, mainly from companies that have already been listed for more than five years. Energy distribution company Energisa is expected to lead the year’s subsequent offerings, with an operation expected in the coming days.

The article is in Portuguese

Tags: Madero reduces debt rule IPO Capitalist

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