Arezzo & Co Grows more than 50% in 4th Qtr

The net profit of the Group Arezzo & Co presented the R value of $55.3 million, this represents an increase of 54.5% in the last quarter of 2017, compared with the same three months last year. The company has achieved, in 2017, the mark of 12.1 million pairs of shoes sold (expansion of 7.1 percent over the previous year) and 1.2 million bags (14.4% growth compared to 2016), resulting in a turnover of $1.68 billion, an increase of R 8% regarding 20 16. In the fourth quarter of 2017, Arezzo & Co presented R $363.6 million net revenue in domestic market, growth of 7.3% over the same period of the previous year, highlighting the marks Anacapri, Alexandre Birman and Arezzo that showed growth of 26.1%, 42.5% and 8.2%, respectively. Shops Considering the five brands of the Group (Arezzo, Schutz, Anacapri, Alexandre Birman and Fiever), the company has advanced in 5.8% your area of shops on behalf of 53 NET openings of the year. The Arezzo & Co closed the period with 611 brand stores, between franchises and stores, in Brazil and abroad.