Brazilian Footwear Major Arezzo & Co Reports Strong 2022 Revenue Growth
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.
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The News in Brief
Arezzo & Co Acquires Italian Footwear Brand Paris Texas
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.
Arezzo & Co Acquires Brazilian Footwear Brand Vicenza
Brazil’s footwear and accessories giant has paid 173 million reais ($33.7 million) for one of the country’s largest independent shoe brands.
South American Retail Giant Ripley Shows Signs of Recovery
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.
Brazilian Retail Giant Magazine Luiza Returns to Growth
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.
Brazilian Footwear Giant Arezzo & Co Posts Q1 Revenue Growth
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.
Mexican Trade Shows Look to Boost Fashion Exports
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.
Mercado Libre to Invest $3.4 Billion in Brazil This Year
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.