Azzas 2154 plan to create Arezzo&Co and Grupo SOMA wins unconditional CADE clearance

• Brazil’s CADE cleared Azzas 2154’s planned separation without restrictions, with the decision becoming final on November 4, 2026.
• The September 2 agreement between the Birman and Jatahy shareholder groups would create two independent, publicly traded companies: Arezzo&Co and Grupo SOMA.
• Birman-controlled Arezzo&Co would house footwear, accessories and Hering; Jatahy-controlled Grupo SOMA would comprise women’s and men’s fashion businesses.
• FARM Rio would have independent management and governance, with Arezzo&Co owning 57.4% and Grupo SOMA holding 42.6%.
• Completion remains subject to corporate approvals, a partial separation and a share exchange between the Birman and Jatahy groups.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azzas 2154 SA published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.