Alpargatas news and archive

Havaianas changes business model in the US

In a statement to the market and shareholders, Alpargatas, owner of the Havaianas brand, announced that it entered into a supply and distribution agreement with Eastman Group Inc., whereby Eastman will be the exclusive distributor of Havaianas in the US and Canada. "Both countries are relevant markets for Alpargatas’ internationalisation...

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Havaianas parent company Alpargatas reports strong set of results

Havaianas, the iconic Brazilian footwear brand, delivered strong financial results, reporting net revenue of 1.1 billion Brazilian real in the fourth quarter and 4.1 billion Brazilian real for 2024, marking growth of 11.6 percent and 10.1 percent, respectively. This performance was mirrored by its parent company, Alpargatas, which achieved...

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Havaianas achieves robust quarterly sales increase

Consolidated third quarter net sales at Alpargatas reached 1 billion Brazilian real and 3 billion Brazilian real in the nine month period, an increase of 16 percent and 10 percent, respectively. Gross profit for the quarter grew by 36 percent reaching 494.5 million Brazilian real, with a gross margin of 47.7 percent. The company achieved 137...

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Harm van de Camp is the new president of Alpargatas, Europe

Havaianas has announced the appointment of Harm van de Camp as the new president for parent company Alpargatas, Europe. With over 18 years of brand experience, the company said in a statement, Harm van de Camp brings to Alpargatas expertise gained at Nike serving in several EMEA leadership positions in wholesales as well as direct to consumer....

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Havaianas owner Alpargatas reports drop in revenue and profit

Net revenue at the Brazilian footwear player Alpargatas reached 1 billion Brazilian real in the fourth quarter, a decrease of 8.5 percent driven by a 7.3 percent drop in volumes sold. In the year 2023, net revenue reached 3.7 billion Brazilian real, a contraction of 11 percent driven by the volume decrease in Brazil and internationally. Fourth...

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Havaianas owner Alpargatas appoints Liel Miranda as new CEO

Alpargatas board of directors has elected Liel Miranda to occupy the position of chief executive officer from February 1, 2024, succeeding current interim CEO Luiz Fernando Edmond. Miranda is currently the CEO of Mondelēz International’s Brazil business unit, a position he undertook in 2019. Miranda, the company said in a statement, graduated in...

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Havaianas owners Alpargatas posts drop in Q3 sales

Alpargatas third quarter net revenue reached 896.2 million Brazilian real, down 17.8 percent due to a 21.8 percent drop in volumes sold. Gross profit for the quarter reached 363.1 million Brazilian real, a 30 percent drop compared to the third quarter of 2022. The company said consolidated net losses in the period were 8.5 million Brazilian real...

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Havaianas owner Alpargatas posts drop in Q2 revenue

In the second quarter, Alpargatas net revenue decreased to 926 million Brazilian real and gross profit reached 377.6 million Brazilian real, 32 percent less compared to the second quarter of 2022. The company's normalised EBITDA was 4.8 million Brazilian real with an EBITDA margin of 0.5 percent and consolidated net losses in the period reached...

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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...

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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...

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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...

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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...