Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Grendene SA Signs Memorandum of Understanding with Jelly Ltd for Brand Acquisition and New Stores Establishment

Monday, 16 Jul 2012 04:56pm EDT 

Grendene SA (Grendene) announced that on July 16, 29012 it signed a memorandum of understanding with franchiser Jelly Ltd (Jelly) who will act as master franchisee of Grendene. Jelly has 42 franchised stores under its management in 23 Brazilian states with the total sales area of 1,850 square meters and sells the Melissa brand shoes only owned by Grendene. The stores will become part of the Melissa franchises network which will add 150 stores in a five year time. Jelly will open Melissa stores through sub-franchisees in the minimum number of 100 by 2017. In turn, Grendene will become the final and exclusive owner of the Jelly brand. 

Company Quote

0.2 +1.44%
17 Apr 2014