Clothing Retailer Completes Share Repurchase

The controlling shareholder of Brazil’s Marisol has concluded a BRL201m ($99m) share repurchase, bringing its control to 98.8%, Marisol says. GFV Participacoes has acquired through a public auction 15.1m common shares and 50.8m preferred shares at BRL3.05 each, representing a 59.0% stake. The preferred shares closed at BRL3.00 Tuesday, and common shares at BRL3.04.