War and Peace on Azzas 2154
In a Brazil at war, at least one piece of peace news. After two years of fighting, arbitration, and even lawsuits, Alexandre Birman and Roberto Jatahy agreed on a corporate reorganization of Azzas 2154 that allows each to manage the business in which they excel – putting an end to a saga that imploded the […] The post War and peace at Azzas 2154 appeared first on Brazil Journal .
Alexandre Birman and Roberto Jatahy have agreed to a corporate restructuring of Azzas 2154, ending a two-year dispute. The deal will split the company's assets, with Birman's block holding 32.13% of Arezzo&Co and 6.18% of Soma, while Jatahy's block will hold 25.95% of Soma and no stake in Arezzo&Co. The reorganization will result in Arezzo&Co controlling the shoe and handbag businesses, and Soma overseeing the fashion brands, with FARM Rio remaining a subsidiary of Arezzo&Co. The agreement has boosted Azzas 2154's stock by 14%.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
