Alpargatas' sales decline by 19%

2017-05-18T00:00:00

Shares in the Brazilian footwear company fell by 7.0 percent after it announced that its sales in Brazil had fallen by 16.8 percent to 466.1 million reais (€135.7m-$149.8m) in the first quarter. Alpargatas' global revenues, which stem mainly from its Havaianas brand of sandals and a license with Mizuno, were ...

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