Alpargatas buys a 49.9% stake in Rothy’s for $475m

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Alpargatas is investing $475 million to buy a minority stake in Rothy’s, a San Francisco-based sustainable lifestyle brand, with an option to take over the company. The Brazilian group, known for its Havaianas rubber sandals, said that Rothy’s aligns with its four strategic business pillars: global, digital, innovation and sustainability.

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