Arezzo improves sales and margins

Arezzo & Company, which owns the leading Brazilian shoe retail chain by the same name and the Schutz brand of women's shoes, reported a 43.3 percent in net income to 24.0 million reais (€10.5m-$15.1m) on 21.5 percent higher revenues of R$152.2 million (€66.3m-$95.7m) for the second quarter ended June 30.

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