Alpargatas buys a sustainable sneaker brand, Rothy’s

Alpargatas is investing $475 million to buy an initial minority stake of 49.9 percent in Rothy’s, a San Francisco-based, direct-to-consumer brand of sustainable sneakers and other casual footwear similar in some ways to Allbirds, with an option to take over full ownership within four years. The Brazilian group, known for ...

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