Grupo Guararapes is the biggest textile company in Latin America, the company operates 123 department stores in Brazil through Lojas Riachuelo

Lojas Riachuelo

Lojas Riachuelo is a Brazilian company's retail segment founded in 1947 in the city of Natal, Brazil. Currently, the company has about 130 stores in 20 States of Brazil and also in the Federal District....

, the third largest Brazilian department store company after Lojas Renner

Lojas Renner

Lojas Renner is the second largest Brazilian department stores clothing, headquartered in Porto Alegre - Rio Grande do Sul, Brazil...

 and Marisa S.A.

Marisa S.A.

Marisa is a major Brazilian department store company focused on clothing and accessories. Currently the company is the largest chain store specializing in women's fashion and women's underwear and one of the largest chains of department stores for women's clothing, men and children in Brazil.The...

, owns the Midway Mall, based in Natal

Natal, Rio Grande do Norte

-History:The northeastern tip of South America, Cabo São Roque, to the north of Natal and the closest point to Europe from Latin America, was first visited by European navigators in 1501, in the 1501–1502 Portuguese expedition led by Amerigo Vespucci, who named the spot after the saint of the day...

 and the Midway Financeira, the group's financial company based in São Paulo

São Paulo

São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...

. Grupo Guararapes is headquarteresd in Natal

Natal, Rio Grande do Norte

-History:The northeastern tip of South America, Cabo São Roque, to the north of Natal and the closest point to Europe from Latin America, was first visited by European navigators in 1501, in the 1501–1502 Portuguese expedition led by Amerigo Vespucci, who named the spot after the saint of the day...

 in Brazil northwestern. The company its owned by Brazilian billionaire Nevaldo Rocha & family.

The company was founded in 1947 in Recife

Recife

Recife is the fifth-largest metropolitan area in Brazil with 4,136,506 inhabitants, the largest metropolitan area of the North/Northeast Regions, the 5th-largest metropolitan influence area in Brazil, and the capital and largest city of the state of Pernambuco. The population of the city proper...

 and two years later moved its headquarters from Natal, were arebased today. Currently the group has five industrial plants and two distribution centers.

The most Grupo Guararapes competitors are Lojas Renner

Lojas Renner

Lojas Renner is the second largest Brazilian department stores clothing, headquartered in Porto Alegre - Rio Grande do Sul, Brazil...

, Marisa S.A.

Marisa S.A.

Marisa is a major Brazilian department store company focused on clothing and accessories. Currently the company is the largest chain store specializing in women's fashion and women's underwear and one of the largest chains of department stores for women's clothing, men and children in Brazil.The...

, Hering

Hering

Companhia Hering is a Brazilian textile and retail clothing company, being the leading clothing textile company in Latin America....

, Le Lis Blanc

Le Lis Blanc

Les Lis Blanc is a Brazilian clothing retailer company focused in women premium apparel and acessories segment founded in 1988 in São Paulo nd today with 65 stores....

 and C&A Brasil

C&A

C&A is an international chain of fashion retail clothing stores, with its European head offices in Vilvoorde , Belgium and Düsseldorf, Germany...

 in the department store segment, and Coteminas and Vicunha Têxtil in the textile sector.