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...

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