Alpargatas SA, the Brazilian owner of flip-flop sandal maker Havaianas, reached an agreement to buy as much as 49.9 percent of sustainable footwear brand Rothy’s, Inc. Rothy's earns a valuation of $1 billion with the transaction.
/PRNewswire/ Alpargatas S.A., the Brazilian lifestyle brand and global leader in open footwear and owner of the Havaianas "love brand," and Rothy s Inc.,.