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Maker of Havaianas flip-flops suddenly a steal amid Brazil crisis

Thursday, June 1, 2017 - 05:50

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Alpargatas, the trendy Havaianas sandal-maker, is well managed and a new owner might be just what it needs to finally break out, analysts say.

Washington

HAVAIANAS, those colourful Brazilian flip-flops worn by the likes of Kim Kardashian and Gwyneth Paltrow, don't always come cheap. But for investors starting to warm up again to Brazil's M&A market, the company may soon look like a bargain.

As a non-core asset, the

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