The contract was signed by ZZAB Comércio de Calçados Ltda, which is managed by Arezzo. The company statement said ZZAB will pay a total of R $ 180 million, subject to the general adjustment of this type of transaction.
The quota holders of Carol Bassi, Anna Carolina and Manager Caio Campos shall remain contractually bound by Carol Bassi until at least 2025.
Brazilian shoe company Arezzo Indústria E Comércio SA recently acquired Guaraná Brasil Difusão de Moda Ltda, the owner of the women’s clothing brand Carol Bassi. The former was recently announced. This transaction is part of Arezzo’s strategy to expand its business in the fashion and retail sectors, diversify its products and integrate it as a brand home.
Fiber2Fashion News Desk (DS)
Brazilian shoe company Arezzo acquires women’s clothing brand Carol Bassi
Source link Brazilian shoe company Arezzo acquires women’s clothing brand Carol Bassi