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Leblon Equities Buys 50% of City Shoes Network

29 August 2013

(Valor) Shoe retailer City Shoes sold 50% of its capital to Leblon Equities. The partnership aims to accelerate the company’s expansion, especially the interior of the country, and restructure its distribution and online sales. Transaction details were not disclosed, but market sources estimate that the new partner will inject around R$30 million into the Brazil-based company.