Alpargatas S.A.
Parent |
| |
Subsidiaries | Alpargatas Argentina (2007–present)[1][2] | |
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Website | alpargatas.com.br |
Alpargatas S.A. (formerly, São Paulo Alpargatas) business.
Alpargatas' main product is Havaianas, one of the largest Brazilian brands of rubber flip-flops introduced in 1962 and inspired on the Japanese Zori sandals.[3][4]
Other products manufactured by Alpargatas S.A. include handbags, shoes, and sneakers, commercialised under its brands.
History
It was founded in 1907, under the original name of "Fábrica Brasileira de Alpargatas e Calçados", by Scottish immigrant Robert Fraser in association with an English company. Fraser had also established Alpargatas factories in Argentina and Uruguay.[5][2]
It started production in the
In the 1930s, shareholding control of São Paulo Alpargatas was transferred to the Argentine company
In October 1999, the company acquired more than 3% of Alpargatas Argentina, its former parent company, becoming the largest footwear company in South America,[6] In 2007, Alpargatas S.A. (through Camargo Correa) acquired Alpargatas Argentina, which (at the moment of the purchase) had debts for US$370 million.[1] Alpargatas São Paulo acquired a 35% of the Argentine subsidiary for US$51,7 million.[7] Camargo Correa had previously acquired cement company Loma Negra one year before.[8]
In 2012, Alpargatas updated its logo.[9] On November 2, 2015, Alpargatas sells the Topper and Rainha brands to group led by Carlos Wizard Martins for 48.7 million reais.[10]
In November 2015, the Camargo Correa group sold Alpargatas to the J&F Investimentos conglomerate, owner of the JBS S.A. food company, for 2.67 billion reais.[11]
On July 12, 2017, the companies Cambuhy Investimentos and Brasil Warrant[12] (both owned by the Moreira Salles family) and the Itaúsa holding purchased Alpargatas for 3.5 billion reais.[13][12] The acquisition was approved by the Administrative Council for Economic Defense also in 2017.[14]
See also
- A.C. São Paulo Alpargatas, former Alpargatas' sports club
References
- ^ a b Alpargatas, empresa emblemática, también pasa a manos brasieñas at Clarín, 11 Oct 2007
- ^ a b c Alpargatas, o la historia de la madre que se volvió hija on La Nación, 11 Oct 2007
- ^ Havaianas | The Story Behind Brazil’s Elite Shoe Brand by Sarah Atkinson at Allsole.com
- ^ History on Havaianas Australia
- ^ El derrotero de Alpargatas on Página/12, 21 Jul 2019
- ^ "After Argentina acquisition, SP Alpargatas will invest in modernization". UOL. October 28, 2008. Retrieved March 7, 2016.
- ^ Alpargatas, otra firma que pasa a manos brasileñas on La Septima, 10 Oct 2007
- ^ Otra empresa argentina que pasa a manos brasileñas: Alpargatas sería comparada por Camargo Correa at A24, 20 Feb 2007
- ^ "After 53 years, Alpargatas adopts new logo | EXAME.com - Business, economics, technology and career". Retrieved 2017-03-31.
- ^ "Alpargatas sells Topper and Rainha to group led by Wizard". Folha de S.Paulo.
- ^ "Camargo Corrêa sells Havaianas maker for R$2.7 billion to JBS owner - 11/23/2015 - Mercado - Folha de S.Paulo". Folha de S.Paulo. Retrieved November 23, 2015.
- ^ a b Fernando Scheller (July 12, 2017). "Grupo J&F fechar venda da Alpargatas por R$ 3,5 billion". Estadão. Retrieved July 12, 2017.
- ^ Reuters (July 12, 2017). "Grupo J&F closes sale of Alpargatas for R$3, 5 billion". Veja. Retrieved July 12, 2017.
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has generic name (help) - ^ Redação. "Cade approves sale of Alpargatas from J&F group to Itaú owners".