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Brazilian footwear firm Arezzo acquires womenswear brand Carol Bassi
07 Dec '21
1 min read
Pic: Arezzo & Co
Brazilian footwear company Arezzo Indústria E Comércio S.A. recently acquired Guaraná Brasil Difusão de Moda Ltda, owner of the womenswear brand Carol Bassi, the former announced recently. The transaction is part of Arezzo’s strategy to expand its business in the fashion and retail sector, diversify products and consolidate it as a house of brands.
Arezzo-controlled ZZAB Comércio de Calçados Ltda signed the deal. ZZAB will pay the total amount of R$180 million, subject to common adjustments of transaction of this nature, a company statement said.
The quota holders of Carol Bassi, Anna Carolina and manager Caio Campos, shall remain contractually bound to Carol Bassi at least until fiscal 2025.
Fibre2Fashion News Desk (DS)
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