Paquetà, the large Brazilian shoe manufacturer and retailer that owns Dumond, Capodarte and Lily's Closet, has taken over control of Via Uno, one of the major shoe brands in the country. A cash squeeze had already led the owners of Via Uno to sell a sizeable minority interest to Paquetà, which conducted a thorough review of the company, whose annual sales are estimated at more than 300 million reais (€132.0m-$173.6m). In the meantime, Via Uno has decided against previous plans to develop its newest styles first for the European market. The general look of its collections has been revisited and an international plan of store openings has been downscaled.

Topics