Vivara Participacoes Sa (BVMF: VIVA3): Vertical Integration as a Moat

Brazil based and vertically integrated Vivara Participacoes Sa (BVMF: VIVA3) is the largest jewellery retail chain in Latin America. They are unique as they control sourcing, design and production.

Brazil based and vertically integrated Vivara Participacoes Sa (BVMF: VIVA3) is the largest jewellery retail chain in Latin America. They are unique among jewellery retail chains as they control sourcing, design and production.

Note: For a good discussion about and further links concerning “moats:” MOATS – A SHORT INTRODUCTION

- Overview
- Key Ratios (P…