Grendene’s Brazilian sales fall unexpectedly

Grendene's gross sales declined more than expected in the first quarter, falling by 12.9 percent year-on-year to R$397.5 million (€172.4m-$245.0m), with a 21.7 percent drop in foreign sales to R$99.1 million (€43.0m-$61.1m) and a 9.6 percent fall in domestic turnover to R$298.4 million (€129.5m-$184.0m).

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