The Brazilian subsidiary of VF Corporation has signed a contract that will let Arezzo & Co. take over distribution of Vans in the country for at least five years, opening mono-brand stores and handling sales to third parties. Arezzo, which is a major Brazilian shoe retailer trading on the stock exchange, has agreed to pay 50 million Brazilian reais (€11m-$12m) in an asset deal to take over the inventories and some fixed assets, including four stores.

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