Alpargatas news and archive

Havaianas owner Alpargatas reports Q1 loss

Net revenue at Alpargatas, owner of the iconic brand Havaianas, reached 902.5 million Brazilian real in the first quarter, down 2.7 percent compared to the same period in 2022. The company said, increase in revenue per pair partially offset the double-digit drop in sales volumes in the quarter. The company's net loss reached 199.7 million...

Business

Alpargatas CEO Roberto Funari steps down

Alpargatas S.A. has announced the resignation request from Roberto Funari, the Corporation’s CEO. As a result, the company said in a statement, the board of directors resolved to elect Luiz Fernando Ziegler de Saint Edmond, as interim CEO. The board thanked Roberto Funari for his intense dedication to Alpargatas over the last four years and...

BusinessFeatured

Havaianas owner Alpargatas posts Q4 loss

Fourth quarter net revenue at Alpargatas reached 4.2 billion Brazilian real, up 6 percent or 10 percent in constant currency (CC) versus 2021. Recurring EBITDA was 689 million Brazilian real, 17 percent of net revenue. The company reported net loss of 21 million Brazilian real. Havaianas net revenue in the fourth quarter reached 1,086 million...

Business

Alpargatas names André Corrêa Natal as VP of finance and investor Relations

Alpargatas S.A. has announced that following a successful structured succession plan, the members of the board of directors received the resignation request, effective April 1, 2023, from Julian Garrido Del Val Neto, vice president of finance and investor relations. The board of directors has elected André Corrêa Natal as Alpargatas’ new vice...

BusinessFeatured

Alpargatas posts 40 percent drop in Q2 profit

In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...

BusinessFeatured

Havaianas posts full year revenue growth of 25.7 percent

Havaianas net revenue in the fourth quarter reached 1,054.3 million Brazilian real, a 7.3 percent or 6.8 percent in CC increase against the fourth quarter of 2020 and 19.3 percent increase against the fourth quarter of 2019. Havaianas net revenue in 2021 was 3,912.6 million Brazilian real, a 25.7 percent or 24.5 percent in CC increase versus...

BusinessFeatured

Havaianas owner Alpargatas invests in Rothy’s

Digital-first sustainable footwear brand Rothy’s has confirmed that Alpargatas, the Brazilian lifestyle brand and owner of Havaianas will acquire 49.9 percent of the business in a two-step transaction. The strategic investment from Alpargatas will include an investment of 200 million US dollars in primary capital followed by an offering to...

Business

Havaianas boosts sales growth at Alpargatas

Alpargatas generated revenue of over 3 billion Brazilian real (539 million dollars) in the first nine months of 2021, representing a 35 percent increase year-over-year. Of this amount, the company said in a release, 1 billion Brazilian real (180 million dollars) came from international operations of Havaianas, the company’s leading global brand...

Fashion

Havaianas and Bathing Ape launch exclusive collaboration

Footwear brand Havaianas is launching an exclusive collection co-designed by streetwear brand A Bathing Ape. The collection features two Havaianas models, the Tradi Zori, a modern flip-flop inspired by the traditional Japanese zori sandal, and the Top silhouette that have been reimagined with Bape’s signature camouflage print. Fernanda Romano,...

Business

Havaianas owner Alpargatas posts Q2 revenues increase of 71 percent

Alpargatas, the company that owns the Havaianas brand, announced a 71 percent increase in its second quarter revenues to 1,095 million Brazilian real, with growth in all operations. The company said in a statement that at Havaianas Internacional, revenue grew in all international markets. Net revenue in constant currency was 516 million...

Business |INTERVIEW Featured

How Brazil’s Osklen became a research hub for sustainable fabrics

ASAP: as sustainable as possible, as soon as possible. That’s the motto of Brazilian luxury label Osklen, one of the winners of this year’s CO Leadership Awards alongside brands like Raeburn and Stella McCartney. Founded in 1988 by orthopedic surgeon turned fashion designer Oskar Metsavaht, Osklen started using organic cotton in 1998. Since...

Business

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...