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Brazil’s Vivara Aims to Open 50 Stores in 2020 after Recent Capital Share Offer

RIO DE JANEIRO, BRAZIL - The Vivara jewelry chain (VIVA3) has been in the spotlight since going public in early October. The operation injected R$500 million (US$125 million) into the company's cash flow, allowing it to speed up - and greatly so - its pace of store opening.

It opened four stores last week alone, totaling 31 in 2019. By meeting its 2019 target, the company has set itself a bolder target for next year: to open 50 stores throughout the country.

The chain was founded in 1962 in the store opened by Romanian goldsmith David Kaufman, in downtown S . . .

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