Mixed Results from Alpargatas and Vulcabras
Shorn of the Reebok brand and heavily exposed to the weak Brazilian market, Alpargatas saw global sales fall 15% to BZL 859.6 million ($272.4 mm) as its domestic sales dropped 22% to BRL 445.7 million but net income was flat at BRL54.3 million ($17.2 mm) as a result of a lower tax rate. Most of its sales now are from the Havaiana sandal brand and Mizuno ... Log in to view full article.
