While not necessarily predicting a bust to Brazil’s boom, a budding group of turnaround professionals in the South American nation are getting ready for what they see as an inevitable shakeup.
An abundant supply of credit over the past decade, a loss of competitiveness in many industries—such as textile and agribusiness—to the likes of India and China, and a large number of family-run companies, are conspiring to unleash a wave of restructuring, said Salvatore Milanese, a partner in the restructuring practice of KPMG in Sao Paulo.
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