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.