The iconic plastic sandals sold under names like Melissa and Ipanema have a giant behind them: Grendene, the world’s largest sandal-maker, is a quietly powerful cash engine run from Brazil’s northeast. Full nameGrendene S.A. Tickers / exchangeGRND3 / B3 (São Paulo) HeadquartersSobral, Ceará, Brazil SectorConsumer Cyclical – Footwear & Accessories Employees16,378 Market valueR$ 3.47 billion (US$ 682 million) Yearly salesR$ 2.58 billion (US$ 508 million) Net profitR$ 645 million (US$ 127 million) Net margin24.95% Return on equity17.92% Price-to-earnings5.5 Dividend yield0% (currently not distributing) Websitegrendene.com.br What it is Grendene makes plastic …
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