Alpargatas news and archive

Havaianas owner Alpargatas reports record performance in Brazil and international recovery

Brazilian footwear giant Alpargatas, the parent company of Havaianas, has concluded its 2025 fiscal year with record-breaking results in its domestic market and a return to profitability for its international operations. The group reported a net income of 567.89 million reals (107.88 million dollars) for the full year, representing the highest...

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Havaianas faces boycott calls over political advertisement in Brazil

Rio de Janeiro, Brazil— The famous flip-flop brand Havaianas is facing calls for a boycott from Brazilian political figures. The calls follow an advertisement deemed to be anti-right-wing ahead of next year's presidential election. In a video posted on the brand's social media accounts, Fernanda Torres asks the public “not to start 2026 on the...

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Havaianas fuels Alpargatas' strong quarterly financial results

Alpargatas announced a strong third quarter of 2025, reaching the highest quarterly consolidated adjusted EBITDA in its history at 256 million Brazilian real, of which 253 million Brazilian real came from Havaianas operations, the highest level ever recorded in a quarter, both consolidated and for the brand. Alpargatas reached 1.1 billion...

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Alpargatas Q2 2025: Havaianas revenue up 8 percent despite volume decrease

Alpargatas, the parent company of the Havaianas brand, has announced its second-quarter 2025 financial results, highlighting a period of strategic transition and profitability growth. The company reported that total volume sold reached 49 million pairs, a 6 percent decrease year-over-year, which was a planned result of a sell-in pull-forward...

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Havaianas changes business model in the US

In a statement to the market and shareholders, Alpargatas, owner of the Havaianas brand, announced that it entered into a supply and distribution agreement with Eastman Group Inc., whereby Eastman will be the exclusive distributor of Havaianas in the US and Canada. "Both countries are relevant markets for Alpargatas’ internationalisation...

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Havaianas parent company Alpargatas reports strong set of results

Havaianas, the iconic Brazilian footwear brand, delivered strong financial results, reporting net revenue of 1.1 billion Brazilian real in the fourth quarter and 4.1 billion Brazilian real for 2024, marking growth of 11.6 percent and 10.1 percent, respectively. This performance was mirrored by its parent company, Alpargatas, which achieved...

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Havaianas achieves robust quarterly sales increase

Consolidated third quarter net sales at Alpargatas reached 1 billion Brazilian real and 3 billion Brazilian real in the nine month period, an increase of 16 percent and 10 percent, respectively. Gross profit for the quarter grew by 36 percent reaching 494.5 million Brazilian real, with a gross margin of 47.7 percent. The company achieved 137...

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Harm van de Camp is the new president of Alpargatas, Europe

Havaianas has announced the appointment of Harm van de Camp as the new president for parent company Alpargatas, Europe. With over 18 years of brand experience, the company said in a statement, Harm van de Camp brings to Alpargatas expertise gained at Nike serving in several EMEA leadership positions in wholesales as well as direct to consumer....

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Havaianas owner Alpargatas reports drop in revenue and profit

Net revenue at the Brazilian footwear player Alpargatas reached 1 billion Brazilian real in the fourth quarter, a decrease of 8.5 percent driven by a 7.3 percent drop in volumes sold. In the year 2023, net revenue reached 3.7 billion Brazilian real, a contraction of 11 percent driven by the volume decrease in Brazil and internationally. Fourth...

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Havaianas owner Alpargatas appoints Liel Miranda as new CEO

Alpargatas board of directors has elected Liel Miranda to occupy the position of chief executive officer from February 1, 2024, succeeding current interim CEO Luiz Fernando Edmond. Miranda is currently the CEO of Mondelēz International’s Brazil business unit, a position he undertook in 2019. Miranda, the company said in a statement, graduated in...

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Havaianas owners Alpargatas posts drop in Q3 sales

Alpargatas third quarter net revenue reached 896.2 million Brazilian real, down 17.8 percent due to a 21.8 percent drop in volumes sold. Gross profit for the quarter reached 363.1 million Brazilian real, a 30 percent drop compared to the third quarter of 2022. The company said consolidated net losses in the period were 8.5 million Brazilian real...

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Havaianas owner Alpargatas posts drop in Q2 revenue

In the second quarter, Alpargatas net revenue decreased to 926 million Brazilian real and gross profit reached 377.6 million Brazilian real, 32 percent less compared to the second quarter of 2022. The company's normalised EBITDA was 4.8 million Brazilian real with an EBITDA margin of 0.5 percent and consolidated net losses in the period reached...