By  on November 23, 2018

Brazilian fashion retailer Restoque expects profits and revenues to rise sharply this year and in 2019 as a major restructuring bolsters its fortunes, investor relations director Rafael Camargo told WWD.

“We have improved our operations,” he said, adding that a $190 million debt refinancing in the past 12 months has also pared its once ballooning debt. “We had a large improvement in our sales and store productivity and have increased margins by 6 percent.”

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