Morgan Stanley news and archive

Farm Rio: Sale or IPO?

Valued at one billion dollars, Farm Rio, owned by Azzas 2154, surpasses its parent company, which is currently valued at 3.8 billion reais. The Rio de Janeiro-based brand, famous for its colourful prints and elegant casualness, accounts for approximately 40 percent of the group's revenue. As previously reported, the Azzas group hired Morgan...

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Morgan Stanley favours Primark over Zara

Morgan Stanley (NYSE:MS) has recently lifted its recommendation on shares in Associated British Foods (LON:ABF) to an ‘Overweight’ due to the low valuation it says is being applied to the Primark business in comparison to Inditex. In the same note to investors, analysts at Morgan Stanley pointed out that Primark’s implied valuation “seems...