The Magalu Consortium, consortium administrator of Magazine Luiza, and Monteo Investments, financial consulting company, are together in a partnership that focuses on increasing the average sales ticket. The expectation is to sell 500 million reais in shares by the end of 2024 and expand the brands' participation in the consortium market
The conversation for the partnership started in 2023, when we develop a project to expand our corporate sales channel with a focus on clients with the potential for large volume acquisitions, says the spokesperson for the Magalu Consortium ,Edvaldo Ferraro. "This marriage worked because Monteo", who is an expert in this area, I was looking for a company that offered new products to the market with a focus on better customer service – one of the main values of the Magalu group.
The Brazilian market is going through a very opportune moment for the enhancement of this partnership. Investment offices understood that the consortium, in addition to bringing good diversification to the investment portfolio, can greatly monetize the market, says the spokesperson for the Magalu Consortium,Edvaldo Ferraro. The cost of this money is cheaper than the cost of the client's capital. That is to say, it is better for him to leverage his assets through the consortium than to make a cash purchase. The financial consultant has the role of helping you achieve your goals
Monteo has been in the market for over 13 years and has a wide portfolio of more than 2.500 clients. Under the management of the company, there is more than 1 billion reais in consortium credits
Currently, to meet this demand, Magalu Consortium has plans for all segments, being the main one: property, car and motorcycle, in addition to the sale of complementary products to the portfolio such as: nautical items, aerial and agricultural . Find out more at:www.consorciomagalu.com.br
