The Toky Group, Latin America's largest furniture and home décor retailer formed by the merger of Tok&Stok and Mobly, has approved a capital increase of R$25.4 million. The company will issue 25,369,364 new common shares at R$1 each, financed through the conversion of debentures and other debt securities.
© Toky
Following the move, Toky Group's total share capital remains R$1.125 billion but will now be divided into 148,132,767 shares, up from 122,763,403 shares previously. The capital increase aims to strengthen the company's financial position and support ongoing expansion plans in the competitive Latin American market.
The group has positioned itself as a dominant player in the region's furniture retail sector, leveraging the combined strength of Tok&Stok's physical store network and Mobly's e-commerce platform to reach a broad customer base.
This strategic move demonstrates the company's commitment to growth and consolidation, signalling confidence in consumer demand for furniture and home décor amid evolving market conditions.
Source: www.infomoney.com.br
