Brazilian Retailers "UBS Shopping Cart: Farm potential sale; GLP-1 marke..."

研报英文原文证据摘录

Brazilian Retailers "UBS Shopping Cart: Farm potential sale; GLP-1 marke..."

Global Research

23 June 2026ab

Brazilian Retailers Equities

AmericasUBS Shopping Cart: Farm potential sale; GLP-1

market; World cup sales Consumer, Cyclical

Vinicius Strano, CFA

Analyst

vinicius.strano@ubs.com

Azzas initiates discussions for potential Farm divestment +55-11-2767 6688

According to Valor, initial discussions regarding the potential sale of Farm Rio are Isabella Lamas

expected to begin this week. The company has reportedly approached international Analyst

private equity firms with a track record of investing in fashion businesses and global isabella.lamas@ubs.com

brands. According to the news, the sale process is likely to proceed independently +55-11-2767 6836

from ongoing discussions regarding a potential reorganization of the group's brand Lucca Biasi

portfolio. Therefore, a transaction could move forward even if negotiations related Associate Analyst

to a separation of assets have not yet reached a mature stage. lucca.biasi@ubs.com

+55-11-2767 6173

Local manufacturers target up to 50% share of Brazil's GLP-1 market Pedro Perone

According to Valor, the Brazilian Association of National Pharmaceutical Associate Analyst

Laboratories (Alanac) estimates that domestic manufacturers could capture up to pedro.perone@ubs.com

50% of Brazil's liraglutide and semaglutide market over the next three years. The +55-11-2767 6007

association expects the entry of new players to drive a 50% increase in sales volumes

for both molecules during the period, with local companies potentially accounting

for 40%-50% of total units sold. According to the report, locally produced liraglutide

products already represented 65% of units sold YTD-April, supported by average