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
Tue, Jul 11, 2017 - 5:50 AM
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.
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....