Alpargatas news and archive

Alpargatas concludes 21.8 percent stake sale in Topper

Alpargatas S.A. has announced the completion of 21.8 percent stake in ASAIC comprising the Topper brand in Argentina to Carlos Roberto Wizard Martins. The company said in a statement that the aforementioned interest was adjusted based on foreign exchange variation, and that it has received the first instalment of 28 million Brazilian real...

ManagementFeatured

Brazilian J&F sells Havaianas maker for 850 million pounds

London - Alpargatas, the company behind the iconic Brazilian flip-flop brand Havaianas, has been sold for 1.1 billion US dollars (850 million pounds). J&F Investimentos SA has agreed to sell its controlling stake in the flip-flop manufacturer to three investment firms held by some of Brazil's leading banking families. Scandal owner J&F sells...

Report

Alpargatas elevates Guillaume Prou as the President of EMEA

Alpargatas has appointed Guillaume Prou to be the new President for the EMEA region. Prou joined Alpargatas five years ago in the role of CFO EMEA. He has previously worked at L'Oréal for 15 years, in various positions in Thailand, France, Brazil and Portugal. The company said, in his new role, Prou will continue to grow the Havaianas brand in...

ManagementFeatured

Latin America: Land of Big Opportunities

With the 2016 Summer Olympics Games just around the corner the Latin American market is under the looking glass, creating new opportunities for fashion businesses both domestic and from abroad. FashionUnited takes a closer look at fashion companies to watch in Latin America. Changing dynamics of the Latin American fashion retail After the...

Business

Brazilian J&F Investments buys controlling stake in Havaianas’ owner

J&F Investimentos SA, which manages investments for Brazil's billionaire Batista family, has agreed to pay 2.67 billion reais (716 million dollars) in cash for a controlling stake in Alpargatas SA (ALPA4.SA), the maker of the Havaianas flip flops. Under terms of the deal, J&F will pay 12.85 reais per common share and preferred share. Thus, the...