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Arezzo & Co Acquires Brazilian Footwear Brand Vicenza

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. The sale comprises 60 percent cash and 40 percent stocks, with a restriction that shares cannot be sold for up to four years in stages.

Vicenza, known for its youthful and minimalistic style, reported gross operational revenue of $80 million reais ($15.5 million) and 13 million reais ($2.5 million)…


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