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Azzas 2154

AZZA3

Fashion and footwear group formed in 2024 by the merger of Arezzo&Co and Grupo Soma, owner of brands such as Arezzo, Farm, Animale, Hering and Reserva, listed on B3 as AZZA3.

2articles
5material mentions
1connections
01
IndexIbovespa1 shared article ↗

Last 90 days

What sources are saying

Alexandre Birman and Roberto Jatahy agreed to split Azzas 2154 into two independent listed companies, Arezzo&Co and Soma, about two years after the merger; Farm goes into a separate company (57.4% Arezzo&Co, 42.6% Soma), and completion depends on a shareholder meeting, CADE and Soma's B3 listing.

Updated September 26, 2026 · 2 verified articles

Market transmission

Why it matters

The stock tracks discretionary consumption, the execution of the brand integration and, above all, governance between the controlling blocks — the announced split redefines the value attributed to each company and to Farm.

Explanatory mechanism, not a forecast or recommendation.

Articles in chronological order

02
CORPORATEBrazil

Azzas 2154 shares jump up to 18% and close nearly 13% higher on the Farm Rio sale process

Azzas 2154 shares rose as much as 18% on September 25 and closed 12.97% higher at R$ 16.38, leading Ibovespa gains, amid expectations over the sale process for the Farm Rio brand. According to InfoMoney, Morgan Stanley set the end of September as the deadline for non-binding offers, and funds such as Advent, GIC, CVC and L Catterton would be in the race. After the separation agreed between Alexandre Birman and Roberto Jatahy, Farm Rio will be sold, with 57.4% of proceeds going to Arezzo and 42.6% to Soma.

4 sourcesSep 25, 2026
EMPRESASBrazil

Azzas 2154 to split into Arezzo&Co and Soma after Birman-Jatahy deal

Alexandre Birman and Roberto Jatahy struck a deal to split Azzas 2154 into two independent listed companies, Arezzo&Co and Soma, about two years after the merger, per CNN Brasil, NeoFeed, Bloomberg Línea, Exame and Brazil Journal. The Birman bloc keeps 32.13% of Arezzo&Co and the Jatahy bloc 25.95% of Soma; Farm goes into a company split between the two. Shares rose more than 11% on the morning of September 2, per CNN Brasil.

6 sourcesSep 02, 2026