Grendene and Vulcabrás set up new company - footwearbiz: Leading site

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Grendene and Vulcabrás set up new company

28/11/2007
In an attempt to create the largest footwear manufacturing company in Brazil and following the successful acquisition of Azaléia and its incorporation into Vulcabrás, the main shareholders of Grendene and Vulcabras, brothers Pedro and Alexandre Grendene, have established a new holding company Grendene Participações. The new firm will bring the two companies together under the same umbrella under the control of the brothers and will incorporate 80% of Grendene’s ordinary shares and 94% of Vulcabrás.

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