December 12, 2018 |
Brazil's Alpargatas said it has formed a joint venture with Periwinkle Fashion to market the Havaianas brand of flip flops in India.
Alpargatas will own 51% of the new company, dubbed Alpargatas India, while Periwinkle will have 49% through its subsidiary Shoezone Lifestlye, the Brazilian shoemaker said in a securities filing. Periwinkle also has 49% of a joint venture with the Japanese lingerie company Wacoial in India.
J&F Investimentos, an investment firm owned by the Batista family, wh
Brazilian shoemaker forms a joint venture with Periwinkle to sell Havaianas flip flops in the world's third largest footwear market