Financial

Alpargatas' Q4 reflects inflation eroding purchasing power

By Heather O'Brian 2023-02-13T15:06:00

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Alpargatas, the Brazilian owner of the flip-flop sandal brand Havaianas, reported a decline in sales volumes and a bottom-line loss in the fourth quarter of 2022, rounding out a year that fell short of management expectations as inflation cut into households’ disposable income.

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