Tranche Update on Grendene S.A.'s Equity Buyback Plan announced on July 27, 2017.
January 04, 2018 at 06:00 am EST
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From July 27, 2017 to September 30, 2017, the company has repurchased 0 shares, representing 0% for BRL 0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for BRL 0 million under the buyback announced on July 27, 2017.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.