date:Aug 19, 2014
of June 30, 2014, compared with R$23.6 million as of December 31, 2013, which reflected recent investments in opening and remodeling our owned-and-operated stores. Total shareholders' equity was R$ 95.6 million at June 30, 2014, compared to R$ 85.5 million at December 31, 2013.
Recent Events and Legal Issues
In the first half of 2014, the company's subsidiary received a notice from the Brazilian tax authorities that it was to be fined an additional R$33 million for the years 2009 to 2011 as a