The footwear and accessories conglomerate recorded full year 2022 gross revenues of 5.2 billion reais ($1.01 billion), a 43.5 percent increase from the previous year.
The Brazilian footwear and accessories conglomerate has paid 130 million reais ($25 million) to acquire a 65 percent share in the Milan-based shoe brand, signalling the company’s plans to continue expanding its global footprint.
Brazil’s footwear and accessories giant has paid 173 million reais ($33.7 million) for one of the country’s largest independent shoe brands.
One of the region's biggest department store groups reported Q1 revenues of $457 billion Chilean pesos ($548 million), an increase of 21.7 percent year-on-year.
The São Paulo-based firm reported net revenue of 8.7 billion reais ($1.7 billion) in the first quarter of 2022, up 6.2 percent year-on-year.
The latest results were down to a more buoyant mood among the country's more affluent “A and B class” consumer demographics among other factors.
Caravana Americana presented Latin American brands to international and domestic buyers in Mexico City over the weekend shortly after Mercedes-Benz Fashion Week Mexico kicked off its sales period.
The Latin American e-commerce giant announced a 17 billion reais ($3.44 billion) investment to expand and consolidate its Brazilian business in 2022. The sum represents around a 70 percent increase from last year’s investments.