Grendene's margins go up, due to currencies

Grendene managed to report a 21.1 percent increase in net income to 357.1 million Brazilian reais (€86.2m-$92.8m) for the third quarter in spite of declines in the number of shoes sold of 15.1 percent in its domestic market and 17.5 percent abroad. For the parent company of Ipanema, Melissa, Rider ...

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