×
193
Fashion Jobs
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
PATANGE INDUSTRIES PVT LTD
Requirement - Production Manager
Permanent · Pune
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Mumbai / Maharashtra
Permanent · Navi Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager - Construction Chemicals
Permanent · Ludhiana
VADILAL
Area Sales Manager
Permanent · Varanasi
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager (Maintenance Division)
Permanent · Jodhpur
PREETI DEVELOPERS PRIVATE LIMITED
Manager- Sales
Permanent · Bengaluru
CEASEFIRE INDUSTRIES PRIVATE LIMITED
Area Manager/ Territory Manager (Sales)_ Goa
Permanent · Pune
INDEED.MX
Trabajo Para Mayores de ed+d
Permanent · MEXICO CITY
INDEED.MX
Trabajo Para Mayores de Edad
Permanent · MEXICO CITY
INDEED.MX
Trabajos Opción Home Office
Permanent · MEXICO CITY
INDEED.MX
Secretaria de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Archivista de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Capturista de Medios Tiempos
Permanent · MEXICO CITY
ECL FINANCE LIMITED
Area Sales Manager- Small Ticket Housing Loan
Permanent · Hyderabad
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PUMA
Senior Manager- Trade Compliance
Permanent · Bengaluru
Published
Oct 7, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Havaianas parent company in turmoil

Published
Oct 7, 2015

In July, the giant Petrobras corruption scandal, known as 'Lava Jato' (operation Car Wash), which is jolting Brazil, turned towards the Camargo Correa conglomerate. One of Brazil's main industrial and building groups, Camargo Correa, is among the 23 large companies involved in the scandal.

Havaianas' largest European store is located in Barcelona - Foto: Havaianas


Brazilian authorities have signed financial agreements with the large groups involved. In August, Camargo Correa signed a compensation agreement to indemnify local companies for the damage suffered. The amount of this financial compensation is Real 700 million (€155 million). Other similar agreements are reportedly being negotiated.

The Brazilian industrial giant is thus faced with a need for fresh cash to settle these amounts, and will be forced to sell off some of its assets. Alpargatas (Havaianas, Osklen, Rainha…) may well be part of the package.

According to Brazilian media, Camargo Correa, owners of more than 44% of the company stock, stated that "as a result of the interest expressed by potential investors, the group reviewed the strategic opportunities linked with its investment in the company (Alpargatas), and this may also imply a change in the company's ownership."
 
Still according to Brazilian media, the KKR and Carlyle investment funds are among the potential purchasers. The company's market valuation is reported to be close to Real 3 billion (€785 million).
 
The Alpargatas group generated Real 1.946 billion (€557 million) in revenues in the first six calendar months of the year, a 5.8% rise compared to the previous year (on a proforma basis). Its EBITDA grew 19.4% to Real 263.7 million (€75 million). In the last quarter, Alpargatas generated 22% of its sales outside of Brazil and Argentina.
 
 

Copyright © 2022 FashionNetwork.com All rights reserved.