Grendene Proves Strong Amid Economic Turmoil

The Brazilian footwear company Grendene has turned in its second quarter results, and they’re pretty impressive. Net sales for the three months ended June 30 rose by 34.7 percent to 313.3 million Brazilian reals (€118.7m-$171.1m), bolstered in part by currency exchange rates. The gross profit margin fell by 1.3 percentage ...

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