Grendene improves its profitability

Thanks to several cost-cutting measures – including staff reductions – the parent company of Ipanema, Grendha, Rider and Melissa returned to profit growth in the latest quarter, after several months of declining earnings. The company also benefited from a one-off tax refund of 38 million reais (€8.3m-$9.2m). However, sales continued ...

Keep reading this article by becoming a member

barrier_image_SI

Enjoy unrestricted access to Shoe Intelligence

To continue reading this article subscribe now

  • Unlimited access to our highly trusted industry insights and analysis
  • Benchmark yourself against the market and competitors
  • Find inspiration to drive your business forward
  • Stay up to date with new business models and startups

If you aren’t ready to subscribe now, you can REGISTER FOR FREE. Already a Shoe Intelligence subscriber? Sign in here.