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Fashion |BACKGROUND

Havaianas: the flip-flops emblematic of Brazil -- corruption and all

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. Now the footwear find themselves linked with a more somber aspect of Brazil that has been grabbing headlines recently -- corruption....

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Brazilian J&F sells Havaianas maker for 850 million pounds

London - Alpargatas, the company behind the iconic Brazilian flip-flop brand Havaianas, has been sold for 1.1 billion US dollars (850 million pounds). J&F Investimentos SA has agreed to sell its controlling stake in the flip-flop manufacturer to three investment firms held by some of Brazil's leading banking families. Scandal owner J&F sells...

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Business

Brazilian J&F sells Havaianas maker for 850 million pounds

London - Alpargatas, the company behind the iconic Brazilian flip-flop brand Havaianas, has been sold for 1.1 billion US dollars (850 million pounds). J&F Investimentos SA has agreed to sell its controlling stake in the flip-flop manufacturer to three investment firms held by some of Brazil's leading banking families. Scandal owner J&F sells...

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