Brazil’s Gávea Buys Stake in Accessories Retailer Chilli Beans (Latin America)

Source: Reuters

Gávea Investimentos, a Brazilian asset management company, has purchased a 29.8 percent stake in Chilli Beans, a local retailer of accessories such as sunglasses. Gávea will be accorded a seat on the company’s board of directors, while Chilli Beans founder Caito Maia will remain head of the company. Financial terms of the transaction were not disclosed.