Rothy’s news and archive

Havaianas brand drives Alpargatas to highest-ever quarterly EBITDA

Brazilian footwear giant Alpargatas recorded its highest nominal quarterly EBITDA in history during the first quarter of 2026, supported by strong volume growth in its flagship Havaianas brand. The company achieved an adjusted EBITDA of 299.50 million reais (60.55 million dollars), representing an expansion of 5.50 percentage points compared to...

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Business

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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Business

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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Business

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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Business

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...

People

Rothy’s appoints Jenny Ming as CEO, Dayna Quanbeck as president

Rothy's, Inc. has appointed current board member Jenny Ming as chief executive officer and Dayna Quanbeck as president, as the company's co-founders and current CEO and President Stephen Hawthornthwaite and Roth Martin transition from their current roles to chair of the board and chief creative and innovation officer. "Building Rothy's has been...

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Business

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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Fashion|In Pictures

Rothy’s launches first tennis line made with Evian water bottles

Sustainable accessories brand Rothy’s has unveiled its first, limited-edition, tennis-inspired capsule collection made with repurposed Evian water bottles collected during the US Open Tennis tournament last year. The partnership between Evian and Rothy’s was launched in September 2021 to keep plastic waste from Evian’s water bottles in the...

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Business

Alpargatas posts 40 percent drop in Q2 profit

In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...

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Business

Havaianas owner Alpargatas invests in Rothy’s

Digital-first sustainable footwear brand Rothy’s has confirmed that Alpargatas, the Brazilian lifestyle brand and owner of Havaianas will acquire 49.9 percent of the business in a two-step transaction. The strategic investment from Alpargatas will include an investment of 200 million US dollars in primary capital followed by an offering to...

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Fashion

Evian partners with Rothy’s to create a tennis-inspired capsule

Evian water is teaming up with Rothy’s to repurpose water bottles collected from this year’s US Open into a limited-edition, tennis-inspired capsule collection to debut in September 2022. The idea is to give Evian bottles collected from the tennis tournament a second life as part of a capsule collection of court-side essentials made using Rothy’...