Brazilian retailer GPA's out-of-court recovery plan approved by São Paulo court

A São Paulo court approved GPA's out-of-court recovery plan, allowing the retailer to restructure debt without formal bankruptcy proceedings. The approval provides near-term financial stability for GPA, which operates Pão de Açúcar and Extra Mercado, but the long-term viability depends on operational turnaround. This is a company-specific event with limited macro impact.