Magazine Luiza Delays Takeovers Until Mid-2013: Corporate Brazil

Magazine Luiza SA Chief Executive Officer Luiza Helena Trajano is damping her desire to buy companies after the retailer’s last two acquisitions failed to produce the level of profit she sought.

“I don’t even look because I know I will feel like buying,” said Trajano, 61, in an interview at her office in Sao Paulo. “I’m an entrepreneur, but I know that right now the moment isn’t right.”