Brazilian retail company Companhia Brasileira de Distribuição (GPA) has entered a crucial phase of financial restructuring after reaching an agreement with key creditors to pursue an extrajudicial reorganization plan. The move aims to stabilize the company’s financial position while negotiations continue over a comprehensive restructuring framework. Under the plan, GPA’s obligations to certain creditors will be temporarily suspended for 90 days, allowing time to secure broader creditor support and develop a sustainable solution.