The Magalu Consortium, consortium manager of Magazine Luiza, and Monteo Investimentos, a Financial Consulting company, are together in a partnership that focuses on increasing the average sales ticket.The expectation is to market 500 million reais in quotas by the end of 2024 and expand the share of brands in the consortium market.
“A conversation for the partnership began in 2023, when we developed a project to expand our corporate sales channel with priority in customers with the potential to acquire large volumes”, says Magalu Consortium spokesman Edvaldo Ferraro. “This marriage worked because Monteo, which is an expert in this area, was looking for a company that would offer 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 potentialization 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 Magalu Consortium spokesman Edvaldo Ferraro. “The cost of this money is cheaper than the cost of client capital. That is, it is better to leverage its equity through the consortium than make a cash purchase.The financial advisor has this role of helping it achieve its” objectives.
Monteo has been in the market for more than 13 years and has a wide portfolio of more than 2,500 customers. Under the management of the company is more than 1 billion reais in consortium credits.
Currently, to meet this demand, the Magalu Consortium has plans for all segments, the main ones being: property, car and motorcycle, in addition to the sale of complementary products to the portfolio such as: nautical, aerial and agricultural www.consorciomagalu.co.uk
