Brazil's Arezzo acquires domestic footwear brand Vicenza

EBITDA represents earnings before interest, taxes, depreciation and amortisation.

Calçados Vicenza Ltd has been operating in the footwear and handbags market for over 30 years, with its own production of approximately 1,800 units per day and a solid presence in e-commerce and multi-brand stores, with a presence in all Brazilian states and an export expansion movement.

The decision was approved at a January 16 meeting of Arezzo’s board of directors, a release from the company said.

ALCHEMPro News Desk (DS)