Brazil: Hortus Group files for judicial reorganization

St. Marche’s parent company restructuring impacts creditors

In brief

On May 24, 2026, Hortus Group, the controlling shareholder of supermarket chain St. Marche, filed for judicial reorganization in São Paulo. Proceedings have already been granted, triggering a 180-day stay of actions. The creditor list is pending publication, which will start a 15-day period for claims or objections. The group will have 60 days to submit its restructuring plan. Creditors should monitor developments and assess appropriate measures.

Key takeaways

• The judicial reorganization proceedings have already been granted
• Claims and enforcement actions against the group are stayed for 180 days
• Creditors will have 15 days to file claims or objections after the list is published
• The restructuring plan must be submitted within 60 days
• Creditors should monitor the case and assess their exposure

In more detail

• On May 24, 2026, Hortus Group, the controlling shareholder of supermarket chain St. Marche, filed for judicial reorganization before the 1st Business Court for Bankruptcy and Judicial Reorganization of São Paulo, under case number 4112438-81.2026.8.26.0100.
• The court has already granted the commencement of proceedings, which entails, among other effects, a stay of claims and enforcement actions against the group for an initial period of 180 days.
• At this stage, the publication of the list of creditors in the Official Gazette is pending. Once published, creditors will have a 15-day period to submit claims or raise objections if their credits are not listed or are incorrectly stated.
• Additionally, Hortus Group will have 60 days to submit its judicial reorganization plan, which must set out the proposed terms for repayment of creditors, typically involving haircuts and installment payments.