Alpargatas faces difficulties in Brazil

2017-09-04T00:00:00

Alpargatas' global sales, which now stem mainly from its Havaianas brand of sandals and a license with Mizuno, fell by 15.1 percent to 859.6 million reais (€232.6m-$272.4m) in the second quarter, weighed down by a challenging retail market in Brazil, where the group's sales dropped by 21.9 percent to R$445.7 ...

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