Change is afoot at the Havaianas parent company: after 21 years with the group, Márcio Utsch is set to step down as CEO in 2019, when he will be replaced by member of the Board of Directors Roberto Funari.
A Brazilian judge on Monday suspended criminal aspects of the leniency agreement of J&F Investimentos SA, a scandal-ridden holding company, adding to uncertainty about billions of dollars of asset sales.
You'd be hard pressed to find an item more representative of Brazil than Havaianas: those brand-name flip-flops adopted by just about every inhabitant, rich or poor, as well as tourists seduced by the beach vibe.
J&F Investimentos SA has agreed to sell a controlling stake in Havaianas flip-flop maker Alpargatas to the investment firms of Brazil's most prominent banking families for 3.5 billion reais ($1.1 billion).
J&F Investimentos SA has ended talks to sell a controlling stake in Havaianas flip flop maker Alpargatas SA to the investment firms of Brazil's most prominent banking clans because of differences over price, a person ...
The two firms are considering a bid for Brazil's Alpargatas SA, the maker of Havaianas flip flops, whose controlling shareholders are already working on a sale, two sources with knowledge of the matter said on Friday.