Brazilian Apparel Exporter Azzas 2154 to Split Into Two Independent Companies

Shareholders approve the corporate division to resolve prolonged governance disputes and unlock strategic value after a failed merger attempt.

2 Sept, 15:46 — 2 Sept, 15:46

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bloombergHigh1d ago

Fashion Empire Azzas 2154 to Split Two Years After Failed Merger

Azzas 2154 SA, one of Brazil’s largest apparel exporters, will split into two independent publicly traded companies as its main shareholders seek to end a months-long dispute over governance and strategy.

By Rachel Gamarski and Leda Alvim

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Brazilian Apparel Exporter Azzas 2154 to Split Into Two Independent Companies

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Fashion Empire Azzas 2154 to Split Two Years After Failed Merger

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