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Grendene sells its US subsidiary GGB USA to Canadian group Pajar for $3.61 million.

Aug 26, 2026•about 4 hours ago

Contract Type

agreement

BrazilFashionRetailShoes

Description

Grendene has signed an agreement to sell its wholly-owned US subsidiary, GGB USA, to Canadian group Pajar for $3.61 million. This transaction aligns with Grendene's strategy to strengthen its brands' presence in North America through local partners.

Company Information

Company

Grendene

Location

Brazil

About

Grendene is a Brazilian footwear company known for its popular brands such as Ipanema and Melissa. The company specializes in producing stylish, comfortable footwear for a wide range of customers. Grendene focuses on expanding its market presence and optimizing its operational efficiency.

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