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The Ricardo Eletro belongs to Maquina de Vendas Group, is a Brazilian retailer specializing in home appliances, based in Belo Horizonte, Minas Gerais. It was founded by Ricardo Nunes in 1989 with the first store in Divinópolis, MG. Currently, 290 stores are spread across nine states in the country, namely: Minas Gerais, São Paulo, Distrito Federal, Goiás, Alagoas, Sergipe, Rio de Janeiro, Bahia and Espírito Santo.