Change of ownership for Havaianas maker - footwearbiz: Leading site fo

News

Change of ownership for Havaianas maker

01/12/2015
A Brazilian holding company run by the family of JBS’s CEO has spent $725 million on a 44% stake of footwear manufacturer Alpargatas, maker of Havaianas flip flops.

Camargo Corrêa sold its controlling stake to the J&F Investimentos investment company, which Wesley Batisa, head of the meatpacking and tannery group, owns.

Alpargatas also has the distribution rights to Timberland and Mizunho in the country.


Related stories:

Special-edition Havaianas showcase artists’ homelands 13/06/2019
Alpargatas sale may be affected by JBS plea-bargain uncertainty 26/09/2017
Alpargatas on verge of second sale in 18 months 29/06/2017
Alpargatas sees increase in profit despite sales dip 10/05/2017
Solid year for Alpargatas in 2016 22/03/2017
New meaning to fast fashion? Timberland customers to crowdfund boot range 11/03/2016
Timberland: Organic and recycled content percentage continues to decline 08/12/2015

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.