Grendene’s results worsen as the economy deteriorates

Grendene posted revenues for the first three months of 2016 that were down by 10.5 percent from the year-ago quarter to 475.8 million reais (€120.2m-$137.0m). The Brazilian group blamed this performance on the fact that the economic situation in Brazil worsened in the past few months, resulting in a weak ...

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