“Can a Brazilian premium menswear brand scale a franchise-heavy retail network (target 180-200 stores by 2028) while accessing capital markets under the VCI Vanguard holding structure?”
Aramis is a Brazilian premium menswear brand operating a franchise + DTC e-commerce model. Roughly 60% of stores are franchised and 40% owned, with a stated 2028 target of 180-200 stores. The company has recently moved into capital-markets territory — its investor-relations portal publishes offering documents and 2025 financials under the parent entity VCI Vanguard Confecções Importadas S/A — but its financial stack is that of a Brazilian fashion retailer, not an embedded-finance operator.