On September 2, Brazilian fashion group Azzas 2154 announced that its two founders, Alexandre Birman and Roberto Jatahy, have signed a binding agreement confirming the spin-off of the company's existing businesses into two independent publicly listed companies: Arezzo & Co. and SOMA.
This split comes just two short years after the merger that formed Azzas 2154.
In June 2024, Brazilian footwear giant Arezzo & Co. and apparel group Grupo Soma reached a merger agreement through a share swap, with former Arezzo & Co. shareholders holding 54% of the new company and former Grupo …
Subscribers-Only Brazilian Footwear Giant Arezzo & Co. and Apparel Group Grupo Soma Officially Split Just Two Years After Merger
yunshan
Sep 7, 2026
1 min read
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