Change of ownership for Havaianas maker - sportstextiles: Lea SportsTextiles

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Change of ownership for Havaianas maker

27/11/2015

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.


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