Arezzo stays away from bond market

Arezzo stays away from bond market

Debt Bonds Capital Markets Loans Corporate & Sovereign Strategy Brazil

Brazil's Arezzo does not plan to sell bonds or refinance existing debt, preferring to dip into a $100m cash trove to support its expansion plans. "We don't want to be leveraged, and our fashion business generates a lot of cash," said Aline Ferreira, the investor relations director at Arezzo. "We are working to reduce our net cash position to zero at a moment when interest rates are coming down," she said. Most of Arezzo's stores are franchises that require little or no investments from the pa

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial