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J&F ends talks on sale of stake in Havaianas maker over price: source

It shuns pressure from Cambuhy, Itaúsa to lower asking price for 86% Alpargatas stake
Tuesday, July 11, 2017 - 05:50

Alpargatas' Havaianas flip flops, created in 1962 during Brazil's Bossa-Nova musical movement, are worn globally by celebrities from Blake Lively to Jennifer Aniston.

Sao Paulo

J&F INVESTIMENTOS SA has ended talks to sell a controlling stake in Havaianas flip flop maker Alpargatas SA to the investment firms of Brazil's most prominent banking clans because of differences over price, a person with direct knowledge of the matter said on Sunday.

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