Havaianas, the iconic Brazilian footwear brand, delivered strong financial results, reporting net revenue of 1.1 billion Brazilian real in the fourth quarter and 4.1 billion Brazilian real for 2024, marking growth of 11.6 percent and 10.1 percent, respectively. This performance was mirrored by its parent company, Alpargatas, which achieved...
Feb 25, 2025
Consolidated third quarter net sales at Alpargatas reached 1 billion Brazilian real and 3 billion Brazilian real in the nine month period, an increase of 16 percent and 10 percent, respectively. Gross profit for the quarter grew by 36 percent reaching 494.5 million Brazilian real, with a gross margin of 47.7 percent. The company achieved 137...
Nov 8, 2024
Poshmark App Credits: Poshmark Resale fashion marketplace Poshmark is set to host a series of live shopping events with seven sustainable brands in honor of Earth Month. Partnering with Rothy's, Christy Dawn, and more, brand partners will hold live events with sellers on Poshmark for the first time during a month-long program. "Poshmark is...
Apr 2, 2024
Net revenue at the Brazilian footwear player Alpargatas reached 1 billion Brazilian real in the fourth quarter, a decrease of 8.5 percent driven by a 7.3 percent drop in volumes sold. In the year 2023, net revenue reached 3.7 billion Brazilian real, a contraction of 11 percent driven by the volume decrease in Brazil and internationally. Fourth...
Feb 8, 2024
Rothy's, Inc. has appointed current board member Jenny Ming as chief executive officer and Dayna Quanbeck as president, as the company's co-founders and current CEO and President Stephen Hawthornthwaite and Roth Martin transition from their current roles to chair of the board and chief creative and innovation officer. "Building Rothy's has been...
Jan 10, 2024
Alpargatas third quarter net revenue reached 896.2 million Brazilian real, down 17.8 percent due to a 21.8 percent drop in volumes sold. Gross profit for the quarter reached 363.1 million Brazilian real, a 30 percent drop compared to the third quarter of 2022. The company said consolidated net losses in the period were 8.5 million Brazilian real...
Nov 9, 2023
Sustainable accessories brand Rothy’s has unveiled its first, limited-edition, tennis-inspired capsule collection made with repurposed Evian water bottles collected during the US Open Tennis tournament last year. The partnership between Evian and Rothy’s was launched in September 2021 to keep plastic waste from Evian’s water bottles in the...
Aug 23, 2022
In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...
Aug 5, 2022
Digital-first sustainable footwear brand Rothy’s has confirmed that Alpargatas, the Brazilian lifestyle brand and owner of Havaianas will acquire 49.9 percent of the business in a two-step transaction. The strategic investment from Alpargatas will include an investment of 200 million US dollars in primary capital followed by an offering to...
Dec 21, 2021
Evian water is teaming up with Rothy’s to repurpose water bottles collected from this year’s US Open into a limited-edition, tennis-inspired capsule collection to debut in September 2022. The idea is to give Evian bottles collected from the tennis tournament a second life as part of a capsule collection of court-side essentials made using Rothy’...
Sep 1, 2021