All Rothy’s articles
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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 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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News briefsRothy’s with new CEO and President
Jenny Ming, who has been a member of the Rothy’s Board since 2022, has been appointed CEO of the sustainable footwear and accessories manufacturer, while current COO and CFO Dayna Quanbeck will also take on the role of President. Co-founders Stephen Hawthornthwaite, the previous CEO, and Roth Martin, the previous ...
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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 looks to boost efficiency, seeks new CEO as sales and margins decrease in Q1
Alpargatas reported a decline in sales volumes, revenues and margins in the first quarter of 2023, as it focuses on boosting operational efficiencies amid a “challenging” demand scenario and persistent inflation. The Brazilian owner of the flip-flop sandal brand Havaianas is also looking for a new CEO following the resignation ...
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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 briefsRothy’s and Evian launch tennis capsule made with recycled bottles
Rothy’s has partnered with Evian, a Danone water brand, on the launch of an exclusive tennis-inspired capsule collection made with repurposed Evian water bottles. Rothy’s and Evian collected approximately 72,000 Evian bottles from the US Open last year in New York and transformed them into a limited-edition capsule collection, using ...
