Grendene's Expansion Rolls On
The Brazilian company continued its unabated growth in 2009, reporting gross revenues of 1,819.4 million reais (€747.6m-$1,029.2m), a 15.4 percent increase over 2008. Grendene's revenues in Brazil rose by 20.0 percent to R$1,464.4 million (€601.7m-$828.4m), though exports slipped by 0.1 percent to R$355.0 million (€145.9m-$200.8m). The gross profit margin fell ...
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