Business · Brazil · Fashion
— Key Facts
—The headline. Brazil’s tropical-print label Farm Rio may be worth R$4.4bn to R$5.5bn ($850m to $1.06bn), bank analysts estimate.
—The twist. That is more than the entire market value of its listed owner, Azzas 2154, at about R$3.6bn ($697m).
—The trigger. Azzas hired Morgan Stanley on June 19 to weigh options for the brand, from a sale to a spin-off or a stock-market listing.












