Graciela Martin
The News in Brief

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.

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.

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