Grendene Grows Rapidly Outside Brazil
For the quarter ended Dec. 31, the Brazilian company’s revenues were down by 4.6 percent to 499.9 million Brazilian reais (€169.5m-$220.2m). While sales in Brazil fell by 21.2 percent to R$353.0 million (€119.7m-$155.5m), exports nearly doubled, up by 92.1 percent to R$146.9 million (€49.8m-$64.7m). Net sales fell by 3.2 percent ...
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