Hering rules out merger with Arezzo
The CEO of the clothing brand Hering, Fabio Hering, told Valor that he rejected the proposal of footwear manufacturer Arezzo to combine assets. "Hering is seen by the market as BBB [Portuguese acronym for good, beautiful and cheap]. This is not the time to talk about it," he said. Mr. Hering admitted, however, that the company is "kind of forgotten" by the market and needs to be better presented to investors. Close to the Birman family, owner of Arezzo, Mr. Hering said he used to discuss ideas, thoughts, and strategies with the competitor's...
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