All Havaianas articles
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ArticleBrazlian footwear companies report Q2 results
We bring you an overview with insights from Alpargatas and Grendene among others.
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ArticleAlpargatas posted a 93% improvement in Q1
The Havaianas parent posted a 93 percent improvement in Q1 Ebitda year over year to 207.3 million Brazilian reais (€32.3m).
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ArticleHavaianas partners with super model, flip-flop market to reach $5.38bn in 2030
Flip-flops are a global cash machine. Brazilian brands like Alpargatas (Havaianas) and Vulcabras are producing more than ever.
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ArticleAlpargatas puts itself in better position with more inventory write-offs
For FY24, the Havaianas parent realized a 73 percent improvement in year-over-year Ebitda to R$342.1 million (€57.0m) as the annual gross margin widened by 290 basis points to 42.9 percent.
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ArticleAlpargatas turns Q3 profit as international, Rothy’s improve strongly
Alpargatas, the parent company of flip-flop brand Havaianas, is on the right move again.
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ArticleAlpargatas turns Q2 profit but sales in Europe sag
The Havaianas parent reported Ebitda of R$69.2 million (€11.3m) versus $6.8 million for the period ended June 30.
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ArticleParis 2024: A powerful symbiosis of openings, product launches, cultural events, mishaps and scandals
By the time the 2024 Summer Olympic Games officially opened in Paris last week, the mega-event had already cast a shadow. For weeks, the events, store openings and product launches of a wide range of players had followed one another like pearls on a string.
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of Q1 working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million. The Brazilian group, ...
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ArticleAlpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins
Write-offs of 64 million Brazilian reais (€12.0m) in raw materials and finished goods affected Q4 adjusted Ebidta at Alpargatas. The Brazilian footwear group ramped up its capital discipline in the latter months of 2023 because of a “significant reduction” in sell-ins, itself due to high levels of inventory at retail. ...
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ArticleAlpargatas reports Q3 loss despite improving trends
Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the period ended Sept. 30. The result was a normalization of ...
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ArticleAlpargatas still plagued by inefficiencies, high inventory levels
The Brazilian parent of flip-flop sandal brand Havaianas and the Rothy footwear brand continues to be challenged by high inventory levels in the South American market and inefficiencies in its overall operation that are impacting sales, margins, and profitability. Alpargatas reported a 53.1 million Brazilian reais (€9.9m) consolidated net ...
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News briefsAlpargatas’ CEO to step down
Brazilian footwear and apparel group Alpargatas, owner of flip-flop sandal brand Havaianas, informed its shareholders on April 27 that members of the board of directors have received the resignation letter of Roberto Funari, the company’s CEO. As a result, the board has decided to appoint Luiz Fernando Ziegler de Saint ...
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News briefsAlpargatas elects new VP finance and investor relations
Following the resignation of Julian Garrido Del Val Neto, vice president of finance and investor relations, effective April 1, the board of directors of Alpargatas S.A., the Brazilian owner of the Havaianas flip-flop sandal brand, has elected André Corrêa Natal as his successor. His term will begin on April 1 ...
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ArticleAlpargatas' Q4 reflects inflation eroding purchasing power
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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News briefsHavaianas releases app for custom flip-flops
According to Lorena, Havaianas is celebrating its 60th anniversary with the release of an app that will enable customers to customize the flip-flops they purchase through it. Limited to the Brazilian brands’ two most traditional models, the Top and the Slim, the service covers prints and color combinations for straps ...
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News briefsNew management at Havaianas’ European hub
Havaianas has made several changes to the executive suite at its European hub in Madrid, according to Modaes. The Alpargatas-owned brand has promoted Vanessa Sosa, a 12-year brand veteran formerly with Tommy Hilfiger, from head of Spain to sales director for Europe, the Middle East and India. To succeed Sosa ...
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News briefsHavaianas expands its flip flop ReCycle program in Asia
Havaianas has pledged to collect 10 percent of the total sold flip flops sold in its APAC locations by 2030, according to Inside Retail Asia Edition. Following on from its successful ReCycle initiative in Australia, launched in October 2021, Havaianas Asia Pacific is extending the initiative across APAC locations. In-store ...
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ArticleHavaianas’ growth in EMEA slows for Alpargatas
Alpargatas generated 5.4 percent (+21% currency neutral) sales growth to 132.0 million Brazilian reais (€32.5m) for its rubber sandal brand in the EMEA during the third quarter. Revenue per pair increased 4 percent in constant currency. Overall, Havaianas’ sales fell in all other geographic regions, although they increased by 36.5 ...
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ArticleAlpargatas sees Havaianas’ revenues fall double-digits in U.S., China
Alpargatas suffered double-digit sales declines for its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due to the country’s ...
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ArticleEMEA paces Havaianas’ growth for Alpargatas
Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...
