Iconic Havaianas Flip-Flop Brand Sold For $1.1 Billion

Arguably one of the most recognisable flip flop brands in the world, Havaianas, has been sold in a $1.1bn deal.

J&F Investments, the controlling shareholder of Havaianas maker Alpargatas has sold its stake in Alpargatas to Brazilian banking groups Cambuhy Investimentos Ltda., Itaúsa (Investimentos Itaú SA) and Brasil Warrant Administração de Bens e Empresas SA.

 

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