Editor
The Brazilian footwear and accessories conglomerate has paid 130 million Brazilian 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 will inject $10 million into Paris Texas’ cash flow, while $15 million will be paid to the brand’s founders, Annamaria Brivio and Massimo Baltimora. The duo will retain a 35 percent stake in…
