Notice to the Market – COVID-19 and Measures Adopted by the Company

AREZZO INDÚSTRIA E COMÉRCIO S.A. (“Company”), communicates to its shareholders and the market in general that, due to the progress and developments of COVID-19, on March 9, 2020, Arezzo&Co structured a Multidisciplinary Crisis Committee formed by the Company’s management. The Committee interacts daily with the purpose of (i) taking preventive measures, (ii) structuring action and contingency plans, and (iii) monitoring the daily evolution of COVID-19 and the decisions made by government agencies and retail associations, both in Brazil and abroad.

Since then, several measures have been taken to significantly reduce the impact on the operation and ensure the safety of all direct and indirect employees:


Relationship with franchisees:

Relationship with the industry:

Actions to generate revenue:

Operation and capital structure

The Company is following all the guidelines of the World Health Organization and the Ministry of Health. Thus, stores are temporarily closed in all locations indicated by the municipal or state authorities. It is worth remembering that the network, composed of 749 stores, has 215 street stores. The situation is being monitored, and action plans allow quick adjustments to mitigate impacts.

Arezzo&Co has strong confidence in its asset-light business model, solid financial structure, and cash position to go through this challenging moment. Additionally, the group’s brands – its main pillar of activity – were quick to position themselves as partners of consumers in this unprecedented moment – and are more connected than ever. The Company reinforces its commitment to transparency for its shareholders and other stakeholders and will keep them duly informed in the event of significant changes in the scenario and the consequent impact on its business.

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