Brazilian footwear giant Arezzo & Co. announced recently that it would acquire a 65% stake in Milanese fashion footwear brand Paris Texas for €25 million. This is the first acquisition outside South America for the group and an important step for the family business to transform into a global fashion platform.
Through this acquisition, Arezzo will also gain access to Paris Texas’ shoe factory located in Monza, Italy. The group stated that it would be used for producing luxury brand footwear and plans to expand the existing production scale of its top brand, Alexandre Birman. …
