All Rothy’s articles
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Article
Alpargatas reports a Q3 loss despite improving trends
Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the third quarter ended Sept. 30. The result was a normalization ...
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Article
Alpargatas still plagued by inefficiencies, high inventory levels
Alpargatas, the Brazilian parent of flip-flop brand Havaianas and the Rothy’s footwear brand, continues to be challenged by high inventory levels in the South American market and inefficiencies in its overall operation that are impacting sales, margins and profitability. The group reported a 53.1 million Brazilian reais (€9.9m) consolidated net ...
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Article
Alpargatas looks to boost efficiency, seeks new CEO as sales and margins decrease in Q1
Alpargatas reported a decline in sales volumes, revenues and margins in the first quarter of 2023, as it focuses on boosting operational efficiencies amid a “challenging” demand scenario and persistent inflation. The Brazilian owner of the flip-flop sandal brand Havaianas is also looking for a new CEO following the resignation ...
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News briefs
Rothy’s wins lawsuit against Giesswein on pointed-toe loafer
The San Francisco based shoe company Rothy’s has won a patent infringement lawsuit against the Austrian shoemaker Giesswein Walkwaren regarding its pointed-toe loafer-style flats. According to the High Court of Justice’s Business and Property Courts of England and Wales, Giesswein’s “Pointy Flat” shoe infringed on Rothy’s “Pointed ...